Analysis of innovative development and overcoming challenges of post-war Ukrainian economy

Abstract

The dynamics of the Summary innovation index (SII) for Ukraine for 2016-2023 as well as its components are analysed. The normalized scores of SII and relative to European Union scores are highlighted. The results of the performed calculations for establishing the tightness of the connection and direction between SII and its components are shown. The closest correlation between the indicators “Finance and support” and “Summary Innovation Index”; “Human resources” and “Summary Innovation Index”; “Environmental sustainability” and “Summary Innovation Index” is found. The indicators on which values of “Finance and support”, “Human resources” as well as “Environmental sustainability” depend are presented. The key challenges affecting the innovative development of the regions are distinguished. The main directs and mechanisms of innovative development enhancing using the world experience of innovative transformations, which are appropriate for use in Ukraine, are determined.