Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Khanin Semen (), Kovalchuk Svitlana (), Yakymova Nataliia (), Harvat Olha () and Taranych Andrii ()
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Khanin Semen: Assoc. Prof., PHEI “Academician Yuriy Bugay International Scientific and Technical University”, Kyiv, Ukraine
Kovalchuk Svitlana: Dr. Prof., Khmelnytskyi Cooperative Trade and Economic Institute, Khmelnytskyi, Ukraine
Yakymova Nataliia: Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine
Harvat Olha: Assoc. Prof., Khmelnytskyi National University, Khmelnytskyi, Ukraine
Taranych Andrii: Assoc. Prof., Vasyl Stus Donetsk National University, Vinnytsia, Ukraine

Management Theory and Studies for Rural Business and Infrastructure Development, 2023, vol. 45, issue 2, 133-141

Abstract: The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants on the economic systems’ development in the conditions of the creative economy formation. It is proposed to use the approach of economic-mathematical modeling in the form of simulation modeling of the intellectual-innovative development of economic systems in the conditions of the creative economy formation. Simulation modeling involves modeling the effects of three constituent blocks: “economic system”, “innovative processes”, “creative potential”. The calculation of the integral indicator of the development of intellectual and innovative determinants of economic systems in the conditions of the creative economy formation makes it possible to forecast indicators of the economic system’ development. The proposed approach was tested in relation to the economic system of Ukraine.

Keywords: intellectual and innovative determinants; development; economic system; creative economy; simulation modeling (search for similar items in EconPapers)
JEL-codes: C E R10 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:mtrbid:v:45:y:2023:i:2:p:133-141:n:1

DOI: 10.15544/mts.2023.14

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