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abstract: 'One of the priorities of socio-economic reform in Ukraine is the
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modernization of the structure of the national economy and its growth.
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An effective structure of the economy, which will correspond to a
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socially oriented model of economic growth and will be based on the use
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of both the country''s competitive advantages in the global division of
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labour and the economic benefits of cooperation, will guarantee the
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independence of any country and will be the key to its dynamic
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development. The development of economic theory is due to the emergence
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of fundamentally new ideas, sustainable accumulation of knowledge,
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intellectual and meaningful updating of established concepts and
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theories, the formation of new scientific schools. A new paradigm of
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economic theory should explain the real processes in real economies,
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which operate on the principles of complex systems of synergistic nature
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and the theory of nonlinear dynamics. There is a process of theoretical
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polystructuredness both of mainstream and heterodoxy. An important task
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is to form an interdisciplinary dialogue between economists and
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scientists, which stipulates the relevance of the research topic. The
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subject of the study is the theoretical and methodological foundations
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and approaches to state management of economic development in the
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context of the institutional theory. The purpose of the study is to
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determine the role and influence of public administration of the
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development of the economy in the context of institutional theory and to
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develop strategic goals of the state''s innovation policy. Methodology.
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Directions of correlation of the system of economic development of the
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country and the potential of the state development with the historical
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preconditions for the emergence and development of the institutional
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doctrine of economic theory are investigated. Based on the revealed
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interrelations, the necessity of using instruments of institutionalism
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for studying the economic development system is substantiated. The
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state, in all available ways, should encourage economic actors to
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develop and implement innovations, thereby creating favourable
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conditions for innovative and technological development of production,
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saturation of the domestic market with highly competitive goods and
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services, which, in turn, will strengthen export potential, fill the
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budgets of all levels, increase incomes of business entities, reduce
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unemployment and improve working conditions, increase social security of
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the population, and also strengthen the positive image of public
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administration and local self-government bodies. That is, the
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socio-economic development of the country depends directly on the
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innovation-technological potential and on the efficiency of public
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administration in its development at all levels of the economy.
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Conclusions.
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The author generalizes the theoretical and methodological foundations of
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the country''s development in the context of the institutional theory:
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the system of economic development of the state has a set of direct and
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indirect links with the historical background of the emergence and
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development of an institutional doctrine of economic theory; the
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revealed directions of correlation contribute to the formation of a
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scientific and methodological basis for further study of economic
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development and economic potential of a country (state) in the context
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of the institutional doctrine of economic theory in its relation to the
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public administration theory; the economic development of a country
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(state) depends on the institutional environment, in which it operates,
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and is both an object of its influence and a subject that determines its
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transformation. The author investigates the theoretical principles of
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state regulation of innovative and technological development of the
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country''s economy. The existing strategies and programs of innovative
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development and innovation activity in Ukraine are explored. The state
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of innovation and technology of the national economy and the potential
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of key sectors of the economy in terms of innovative development are
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analysed.'
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affiliation: 'Dudchenko, V (Corresponding Author), Natl Univ Odessa Law Acad, Dept
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Gen Theoret Jurisprudence, Odessa, Ukraine.
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Dudchenko, Valentina, Natl Univ Odessa Law Acad, Dept Gen Theoret Jurisprudence,
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Odessa, Ukraine.
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Vitman, Konstantin, Ctr Preparat Masters Publ Serv \& Profess Judges, Odessa, Ukraine.'
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author: Dudchenko, Valentina and Vitman, Konstantin
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author-email: 'naukavvd@gmail.com
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knwittman@gmail.com'
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author_list:
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- family: Dudchenko
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given: Valentina
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- family: Vitman
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given: Konstantin
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da: '2023-09-28'
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doi: 10.30525/2256-0742/2018-1-1-139-147
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eissn: 2256-0963
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files: []
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issn: 2256-0742
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journal: BALTIC JOURNAL OF ECONOMIC STUDIES
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keywords: 'institutional doctrine; public administration; stimulation mechanism;
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innovative and technological development; state regulation; innovation
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strategy'
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language: English
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number: '1'
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number-of-cited-references: '21'
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pages: 139-147
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papis_id: a32279aad3e82e3a7df1550c9fe9e245
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ref: Dudchenko2018publicadministration
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researcherid-numbers: Library, Scientific/GLU-1223-2022
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times-cited: '3'
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title: PUBLIC ADMINISTRATION OF ECONOMIC DEVELOPMENT IN THE CONTEXT OF THE INSTITUTIONAL
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THEORY
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type: Article
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unique-id: WOS:000437701000019
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usage-count-last-180-days: '0'
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usage-count-since-2013: '15'
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volume: '4'
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web-of-science-categories: Economics
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year: '2018'
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