FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS
The article examines the theoretical and practical aspects of developing an innovation-driven strategy for the growth of hromadas within the framework of regional socio-economic systems. The necessity for such a strategy is driven by contemporary challenges, including economic disparities, technolo...
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| Format: | Article |
| Language: | English |
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Izdevnieciba “Baltija Publishing”
2025-05-01
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| Series: | Baltic Journal of Economic Studies |
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| Online Access: | http://baltijapublishing.lv/index.php/issue/article/view/2849 |
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| author | Volodymyr Velychko Vladyslava Troian Roman Viatkin |
| author_facet | Volodymyr Velychko Vladyslava Troian Roman Viatkin |
| author_sort | Volodymyr Velychko |
| collection | DOAJ |
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The article examines the theoretical and practical aspects of developing an innovation-driven strategy for the growth of hromadas within the framework of regional socio-economic systems. The necessity for such a strategy is driven by contemporary challenges, including economic disparities, technological transformation, and institutional constraints, which affect the sustainable development of hromadas. The purpose of the present study is to identify the key components and mechanisms for fostering innovation-oriented development at the community level, with a view to ensuring their long-term resilience and competitiveness. The objectives of the research are threefold: firstly, to analyse the structural and functional characteristics of regional socio-economic systems; secondly, to explore the role of innovation in enhancing the socio-economic potential of hromadas; and thirdly, to propose a framework for implementing an effective innovation-driven strategy tailored to local conditions. The study further explores the repercussions of digitalisation, public-private partnerships, and regulatory policies on the innovation capacity of hromadas. These entities are of paramount importance for their sustainable development. The methodological basis of the paper is a systematic approach, integrating qualitative and quantitative methods, including case studies, expert interviews, and statistical analysis, to comprehensively assess the factors influencing innovation-driven development at the hromada level. The research indicates that the absence of a coordinated innovation policy, inadequate investment in technological infrastructure, and inadequate institutional capacity are significant impediments to the sustainable growth of hromadas. The study posits that the adoption of a multi-level governance approach, the fostering of digital transformation, and the leveraging of international best practices in innovation management have the potential to significantly enhance the development potential of hromadas. The proposal of a critical factor in the successful implementation of innovation strategies is the strengthening of collaboration between local governments, businesses, and research institutions. Moreover, the research emphasises the necessity for policy instruments that support financial incentives, knowledge transfer, and the development of smart specialisation strategies. It is concluded that the formulation of a comprehensive innovation strategy, aligned with regional development priorities, is essential for ensuring the economic sustainability and competitiveness of hromadas. The proposed framework encompasses guidelines for assessing innovation readiness, designing adaptive policies, and integrating digital and technological solutions into hromada development strategies. The findings contribute to the theoretical and practical understanding of innovation-driven development and provide actionable recommendations for policymakers, local authorities, and researchers.
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| format | Article |
| id | doaj-art-b0d88cec1c4044aa86dc2b56976b2921 |
| institution | DOAJ |
| issn | 2256-0742 2256-0963 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | Izdevnieciba “Baltija Publishing” |
| record_format | Article |
| series | Baltic Journal of Economic Studies |
| spelling | doaj-art-b0d88cec1c4044aa86dc2b56976b29212025-08-20T03:21:47ZengIzdevnieciba “Baltija Publishing”Baltic Journal of Economic Studies2256-07422256-09632025-05-0111210.30525/2256-0742/2025-11-2-184-190FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMSVolodymyr Velychko0Vladyslava Troian1Roman Viatkin2O.M. Beketov National University of Urban Economy in Kharkiv, UkraineO.M. Beketov National University of Urban Economy in Kharkiv, UkraineO.M. Beketov National University of Urban Economy in Kharkiv, Ukraine The article examines the theoretical and practical aspects of developing an innovation-driven strategy for the growth of hromadas within the framework of regional socio-economic systems. The necessity for such a strategy is driven by contemporary challenges, including economic disparities, technological transformation, and institutional constraints, which affect the sustainable development of hromadas. The purpose of the present study is to identify the key components and mechanisms for fostering innovation-oriented development at the community level, with a view to ensuring their long-term resilience and competitiveness. The objectives of the research are threefold: firstly, to analyse the structural and functional characteristics of regional socio-economic systems; secondly, to explore the role of innovation in enhancing the socio-economic potential of hromadas; and thirdly, to propose a framework for implementing an effective innovation-driven strategy tailored to local conditions. The study further explores the repercussions of digitalisation, public-private partnerships, and regulatory policies on the innovation capacity of hromadas. These entities are of paramount importance for their sustainable development. The methodological basis of the paper is a systematic approach, integrating qualitative and quantitative methods, including case studies, expert interviews, and statistical analysis, to comprehensively assess the factors influencing innovation-driven development at the hromada level. The research indicates that the absence of a coordinated innovation policy, inadequate investment in technological infrastructure, and inadequate institutional capacity are significant impediments to the sustainable growth of hromadas. The study posits that the adoption of a multi-level governance approach, the fostering of digital transformation, and the leveraging of international best practices in innovation management have the potential to significantly enhance the development potential of hromadas. The proposal of a critical factor in the successful implementation of innovation strategies is the strengthening of collaboration between local governments, businesses, and research institutions. Moreover, the research emphasises the necessity for policy instruments that support financial incentives, knowledge transfer, and the development of smart specialisation strategies. It is concluded that the formulation of a comprehensive innovation strategy, aligned with regional development priorities, is essential for ensuring the economic sustainability and competitiveness of hromadas. The proposed framework encompasses guidelines for assessing innovation readiness, designing adaptive policies, and integrating digital and technological solutions into hromada development strategies. The findings contribute to the theoretical and practical understanding of innovation-driven development and provide actionable recommendations for policymakers, local authorities, and researchers. http://baltijapublishing.lv/index.php/issue/article/view/2849innovation strategyhromadasregional socio-economic systemssustainable developmentdigital transformationpublic-private partnership |
| spellingShingle | Volodymyr Velychko Vladyslava Troian Roman Viatkin FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS Baltic Journal of Economic Studies innovation strategy hromadas regional socio-economic systems sustainable development digital transformation public-private partnership |
| title | FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS |
| title_full | FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS |
| title_fullStr | FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS |
| title_full_unstemmed | FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS |
| title_short | FORMATION OF INNOVATIVE DEVELOPMENT STRATEGY OF HROMADAS IN THE CONTEXT OF REGIONAL SOCIO-ECONOMIC SYSTEMS |
| title_sort | formation of innovative development strategy of hromadas in the context of regional socio economic systems |
| topic | innovation strategy hromadas regional socio-economic systems sustainable development digital transformation public-private partnership |
| url | http://baltijapublishing.lv/index.php/issue/article/view/2849 |
| work_keys_str_mv | AT volodymyrvelychko formationofinnovativedevelopmentstrategyofhromadasinthecontextofregionalsocioeconomicsystems AT vladyslavatroian formationofinnovativedevelopmentstrategyofhromadasinthecontextofregionalsocioeconomicsystems AT romanviatkin formationofinnovativedevelopmentstrategyofhromadasinthecontextofregionalsocioeconomicsystems |