Formation of the institutional environment for the modernization of the economy of old industrial regions of Ukraine

Abstract

The monograph explores a complex of theoretical, scientific and methodological approaches to the formation of the institutional environment for the post- and neo-industrial modernization of the economy of old industrial regions of Ukraine and the formation of regional innovation ecosystems. The theoretical and methodological principles for the formation of innovation ecosystems in Ukraine are determined. A comprehensive assessment of the innovative activity of industry in the context of the development of innovation ecosystems by industry and region is carried out. The conceptual provisions on the development of innovation ecosystems of old industrial regions of Ukraine in the context of glocalization and European integration are substantiated. The theoretical and methodological principles of forming an institutional environment that promotes the digital modernization of the economy of old industrial regions are developed. The Cobb-Douglas production function is expanded by including innovation factors to determine the innovative contribution to economic growth. Strategic scenarios of innovative development are proposed based on the principle of “the future is determined by the trajectory into the future” taking into account the limits of safe existence. The conceptual provisions on the activities of regional development institutes are substantiated. The institutional principles of stimulating smart specialization and a set of tools that promote the development of entrepreneurship in united territorial communities are developed.