abstract: 'One of the priorities of socio-economic reform in Ukraine is the

  modernization of the structure of the national economy and its growth.

  An effective structure of the economy, which will correspond to a

  socially oriented model of economic growth and will be based on the use

  of both the country''s competitive advantages in the global division of

  labour and the economic benefits of cooperation, will guarantee the

  independence of any country and will be the key to its dynamic

  development. The development of economic theory is due to the emergence

  of fundamentally new ideas, sustainable accumulation of knowledge,

  intellectual and meaningful updating of established concepts and

  theories, the formation of new scientific schools. A new paradigm of

  economic theory should explain the real processes in real economies,

  which operate on the principles of complex systems of synergistic nature

  and the theory of nonlinear dynamics. There is a process of theoretical

  polystructuredness both of mainstream and heterodoxy. An important task

  is to form an interdisciplinary dialogue between economists and

  scientists, which stipulates the relevance of the research topic. The

  subject of the study is the theoretical and methodological foundations

  and approaches to state management of economic development in the

  context of the institutional theory. The purpose of the study is to

  determine the role and influence of public administration of the

  development of the economy in the context of institutional theory and to

  develop strategic goals of the state''s innovation policy. Methodology.

  Directions of correlation of the system of economic development of the

  country and the potential of the state development with the historical

  preconditions for the emergence and development of the institutional

  doctrine of economic theory are investigated. Based on the revealed

  interrelations, the necessity of using instruments of institutionalism

  for studying the economic development system is substantiated. The

  state, in all available ways, should encourage economic actors to

  develop and implement innovations, thereby creating favourable

  conditions for innovative and technological development of production,

  saturation of the domestic market with highly competitive goods and

  services, which, in turn, will strengthen export potential, fill the

  budgets of all levels, increase incomes of business entities, reduce

  unemployment and improve working conditions, increase social security of

  the population, and also strengthen the positive image of public

  administration and local self-government bodies. That is, the

  socio-economic development of the country depends directly on the

  innovation-technological potential and on the efficiency of public

  administration in its development at all levels of the economy.

  Conclusions.

  The author generalizes the theoretical and methodological foundations of

  the country''s development in the context of the institutional theory:

  the system of economic development of the state has a set of direct and

  indirect links with the historical background of the emergence and

  development of an institutional doctrine of economic theory; the

  revealed directions of correlation contribute to the formation of a

  scientific and methodological basis for further study of economic

  development and economic potential of a country (state) in the context

  of the institutional doctrine of economic theory in its relation to the

  public administration theory; the economic development of a country

  (state) depends on the institutional environment, in which it operates,

  and is both an object of its influence and a subject that determines its

  transformation. The author investigates the theoretical principles of

  state regulation of innovative and technological development of the

  country''s economy. The existing strategies and programs of innovative

  development and innovation activity in Ukraine are explored. The state

  of innovation and technology of the national economy and the potential

  of key sectors of the economy in terms of innovative development are

  analysed.'
affiliation: 'Dudchenko, V (Corresponding Author), Natl Univ Odessa Law Acad, Dept
  Gen Theoret Jurisprudence, Odessa, Ukraine.

  Dudchenko, Valentina, Natl Univ Odessa Law Acad, Dept Gen Theoret Jurisprudence,
  Odessa, Ukraine.

  Vitman, Konstantin, Ctr Preparat Masters Publ Serv \& Profess Judges, Odessa, Ukraine.'
author: Dudchenko, Valentina and Vitman, Konstantin
author-email: 'naukavvd@gmail.com

  knwittman@gmail.com'
author_list:
- family: Dudchenko
  given: Valentina
- family: Vitman
  given: Konstantin
da: '2023-09-28'
doi: 10.30525/2256-0742/2018-1-1-139-147
eissn: 2256-0963
files: []
issn: 2256-0742
journal: BALTIC JOURNAL OF ECONOMIC STUDIES
keywords: 'institutional doctrine; public administration; stimulation mechanism;

  innovative and technological development; state regulation; innovation

  strategy'
language: English
number: '1'
number-of-cited-references: '21'
pages: 139-147
papis_id: a32279aad3e82e3a7df1550c9fe9e245
ref: Dudchenko2018publicadministration
researcherid-numbers: Library, Scientific/GLU-1223-2022
times-cited: '3'
title: PUBLIC ADMINISTRATION OF ECONOMIC DEVELOPMENT IN THE CONTEXT OF THE INSTITUTIONAL
  THEORY
type: Article
unique-id: WOS:000437701000019
usage-count-last-180-days: '0'
usage-count-since-2013: '15'
volume: '4'
web-of-science-categories: Economics
year: '2018'