Practical Aspects of Using the Institutional and Innovation Design Methodology in the Context of Innovation Policy Coherence for Sustainable Development
Omelyanenko V. A.

Omelyanenko, Vitaliy A. (2020) “Practical Aspects of Using the Institutional and Innovation Design Methodology in the Context of Innovation Policy Coherence for Sustainable Development.” The Problems of Economy 4:67–74.
https://doi.org/10.32983/2222-0712-2020-4-67-74

Section: Economics and national economy management

UDC 338.924

Abstract:
The need to consider the institutional component of solving the problems of sustainable development forms a new analysis plane due to a significant expansion of the range of influence factors. At the same time, it becomes important to develop the practical aspects of substantiating the most important areas of institutional design. The study in question aims at analyzing the institutional aspects of innovation policy development in the context of sustainable development. To achieve the task, it is important that innovations cover not only technological changes, but also changes in organizational, labor and social practices as such, thus potentially influencing transition to sustainable development. The author sums up the innovative aspects of sustainable development goals. To identify the components of the "sustainable development – security" national system the author has adapted the OECD (OECD Well-being Framework) experts’ approach to the classification of sustainable development components through systematizing 17 sustainable development goals by capital type, institutional capital included. The calculations results show that institutional capital is the most problematic component of the "sustainable development - security" national system. The institutional-network approach to innovation policy involves assessing the entirety of institutions and their interaction patterns within active networks (institutional clusters), ensuring the transformation of resources into real results by effective methods in accordance with the national context and the society demands. Some aspects of this approach have been analyzed in a branch case study of the tool engineering development. The author suggests an institutional-innovative project outline in the sphere of tool engineering development. During the project implementation it is possible to realize the potential of the innovation network; to identify promising innovation areas within the network mentioned; to improve the mechanism of attracting private capital on the basis of the public-private partnership. It also becomes possible to develop new ways of intensifying innovation processes, thus causing an increase in the research and development efficiency, products competitiveness, and state support effectiveness.

Keywords: innovation policy, institutions, security, sustainable development.

Fig.: 4. Tabl.: 1. Bibl.: 19.

Omelyanenko Vitaliy A. – Doctor of Sciences (Economics), Associate Professor, Head of, Educational and Scientific Center for Design Technologies, Sumy State Pedagogical University named after A. S. Makarenko (87 Romenska Str., Sumy, 40002, Ukraine)
Email: omvitaliy@gmail.com

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