Strategic directions for increasing the gross value added of the high-tech sector (on the example of the Ukrainian economy)

Borys Burkynskyi (), Olga Iermakova (), Olga Iermakova () and Oleksandr Laiko ()
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Borys Burkynskyi: Institute of Market Problems and Economic-Ecological Research NAS of Ukraine, Ukraine
Olga Iermakova: Institute of Market Problems and Economic-Ecological Research NAS of Ukraine, Ukraine
Olga Iermakova: Odessa National University of Economics, Ukraine
Oleksandr Laiko: Institute of Market Problems and Economic-Ecological Research NAS of Ukraine, Ukraine

Entrepreneurship and Sustainability Issues, 2021, vol. 8, issue 4, 508-523

Abstract: The article presents the results of research devoted to the development of conceptual and methodological bases for determining strategic directions for increasing the gross value added of the high-tech sector of the national economy, in particular, the modern role of high-tech and science-intensive sectors in economic development and the structure of the high-tech sector of the national economy are studied, the state of the high-tech sector of the Ukrainian economy and its gross value added are analysed, the types of economic activity of the high-tech sector are classified into strategic groups, strategic directions for increasing the gross value added of the high-tech sector of the Ukrainian economy are determined. The improved methodological approach to classifying the types of economic activity of the high-tech sector into strategic groups provides a differentiated approach to the development and reveals the sources of strategic directions for increasing gross value added. Value added and output were selected as classification criteria, taking into account the dynamics of development. Depending on the value added generated by a particular type of economic activity and its growth rate, all types of economic activity can be divided into four groups: strategic leaders, potential leaders, current leaders, and problem sectors. The proposed methodological approach helps to identify the risks from an inertial scenario, that is, the development of the situation by gravity without an appropriate policy, as well as to determine the strategic directions for implementing a progressive scenario. Systematic development of the high-tech sector is possible if the appropriate policy is formed on the basis of the national innovation system, the elements of which are: state regulation in the field of innovation; supply and demand of innovations; market infrastructure for innovations; human resources. According to these elements, the policy measures aimed at increasing the gross value added of economic activities of the high-tech sector, which have their own characteristics depending on the classification group, are systematized.

Keywords: gross value added; high-tech sector; strategic directions (search for similar items in EconPapers)
JEL-codes: C67 O10 O14 O40 (search for similar items in EconPapers)
Date: 2021
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2021:i:4:p:508-523

DOI: 10.9770/jesi.2021.8.4(30)

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