Investing in the development of information infrastructure for technology transfer under the conditions of a regional market

Olha Zinchenko, Olesya Finahina, Liudmyla Pankova (), Ievgen Buriak and Yuliia Kovalenko
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Olha Zinchenko: Oles Honchar Dnipro National University
Olesya Finahina: Cherkasy State Technological University
Liudmyla Pankova: Cherkasy State Technological University
Ievgen Buriak: Kremenchuk Mykhailo Ostrohradskyi National University
Yuliia Kovalenko: Donetsk National Technical University

Eastern-European Journal of Enterprise Technologies, 2021, vol. 3, issue 13(111), 6-17

Abstract: The relevance of the issue, related to building an information infrastructure of technology transfer, is predetermined by the transformation of information into the most important resource of technological cooperation. At the same time, its effective functioning requires investment support on a regular basis. This paper addresses the establishment of regularities in the process of investing in the development of the information infrastructure of technology transfer and determining the rational volumes of these investments. This study was carried out in the context of the regional market, which is due to the territorial specificity of market processes, the peculiarity of information interaction among economic agents in a separate market. The study results have identified the following patterns: the lower the transaction costs of technology transfer participants, the more productive the functioning of the information infrastructure; the more active the cooperation between the participants of technology transfer, the more investment revenues in the development of this infrastructure. Taking into consideration these patterns, a simulation model of the process of investing in the development of the information infrastructure of technology transfer has been built. The proposed model was tested using an example of the real estate market in the Prydniprovskyi economic region of Ukraine. As a result of the simulation experiment, the optimal level of costs for the development of the information infrastructure for technology transfer has been established. It makes up 20 % of all available investment funds in this market. The proposed model could be adapted for other regional markets. The results of this study could be useful for the system of state and regional management since they substantiate the directions of innovation policy formation and promote the development of technology transfer under the conditions of certain territorial systems

Keywords: market; technology transfer; investment; information infrastructure; transaction costs; simulation model (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:baq:jetart:v:3:y:2021:i:13:p:6-17

DOI: 10.15587/1729-4061.2021.235948

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