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THE OBJECTIVE LAWS OF ENTERPRISE INNOVATIVE AND INVESTMENT ECONOMIC DEVELOPMENT UNDER CONDITIONS OF FORMING THE NEW TECHNOLOGICAL MODE

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Author(s): O. Popov | Y. Kalinina

Journal: Economics of Development
ISSN 1683-1942

Volume: 66;
Issue: 2;
Start page: 65;
Date: 2013;
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Keywords: innovation | investment | linear theories | innovative cycle | economic development

ABSTRACT
The theoretical approaches related to determination of key factors of innovative development have been generalized. The conceptual features of linear and nonlinear theories of innovative development have been determined. The sequence of the stages of innovative cycle of economic development has been grounded. A role and value of knowledge of explicit and implicit origin have been defined in the process of innovative development. The relations between the formation of the system of knowledge of explicit and implicit origin and forms of scientific and technical progress (evolutional and revolutionary) have been discussed. The obiective laws characteristic of different stages of innovative cycle of economic development have been identified. Some peculiarities of innovative decisions made by innovative businessmen have been grounded.The innovative development represents complex sequence of various phenomena and processes, related to the generation, selection and introduction of innovations. An innovative cycle embraces the numerous spheres of public life (research, economic, sociocultural, political and legal), within the limits of which the development of basic stages of innovative process takes place, in particular: fundamental and applied scientific research; formation of favourable sociocultural environment of innovative and investment activity (ІІA); formation of infrastructure of research activity; formation of infrastructure of ІІA; formation of proper government control of ІІA; transfer of knowledge; structure optimization of enterprises’ initial productive possibilities (their potential); generation and selection of innovations; introduction of innovations; exposure and realization of new market possibilities; financing of innovations; distribution of innovations and clustering innovative businessmen. Each of these stages is characterized by the peculiar regularities which stipulate the dynamics of corresponding organizational and economic, as well as sociocultural processes accompany- ing ІР, the same way as only individual character determines cooperation and fruitful integration of various factors which come forward as motive forces of innovative process at its different stages.
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