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The development of modern economy based on the use of new technologies, analysis of large databases, development of new management systems using digital technologies is a modern and necessary trend of economic development in the era of Industry 4.0. These processes affect all spheres of both the economy and social life and require thorough research. The economic-static and rating method with its graphic visualisation of the obtained results was chosen as the key method of conducting the research. As a result of the research, we came to the conclusion that in the course of our activities, each country strives to move forward, following modern development trends, in order to have a high competitive advantage in the world market. Thanks to information and communication technologies, companies have access to new markets, consumers, online sales and, thus, have a successful business. [ABSTRACT FROM AUTHOR]

This article examines the dependence of the indicators of the Sustainable Development Goals, as well as determining the position of the Russian Federation in achieving the indicators under consideration. The paper investigates the interrelation of indicators of the main Sustainable Development Goals that characterize the standard of living and innovative development. To determine the relationship between the indicators, as well as the grouping of countries to achieve these indicators. The paper uses methods of multidimensional statistical analysis. The results obtained allow us to draw conclusions about the relationship of the key SDG indicators. [ABSTRACT FROM AUTHOR]

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The article reflects the role and importance of education and science in the aspect of innovative growth. In this research it is noted that the role of education and science as a factor of economic growth is to increase both individual and social productivity through the acquisition of knowledge and skills. It is noted that the significant role of education and science in the development of society is noted in the works of many famous scientists, starting from the classical school. Well-known positions of W. Petty, A. Smith, D. Ricardo and other prominent scientists on the importance of education in the training of skilled labor. According to the theory of "human capital", knowledge, skills and other human abilities are capital, and the cost of education, training of labor in production are investments that form this capital. Proponents of this theory assumed that the work of an educated person is more productive, which indicates an increase in national wealth due to the cost of education. According to estimates by Western and domestic economists, almost a third of the growth of gross domestic product in the developed world is now provided by investment in education and science. It is studied that the development of the world economy at the present stage in the context of globalization is characterized by the intensification of the process of intellectualization and the formation on this basis of a society based on knowledge and high technology, high innovation and intellectual level. The trends increasing role of education and science in the economic development of society are identified. Highlighted the institutional linkages between education and science and the subject of their relationship. Theoretical and conceptual bases are investigated and methodological tools are developed for the formation of the knowledge economy in Ukraine. This takes the development of the economy knowledge is considered in terms of its three main components: innovation, education and information and communication technologies, the comprehensive development of which is capable to ensure a high level of state competitiveness. The conclusion about the increasing role of education and science in the development of society, accompanied by continuous changes in the content of scientific and educational activities, scales of its distribution and impact on other areas of life. [ABSTRACT FROM AUTHOR]

Each country seeks rapid economic development and welfare of the population in need of improving its innovation sector, which is a prerequisite for success and sustainable competitive position in the global market. The development of innovative entrepreneurship is a topical issue in every country. Its development depends on the successfully formed ecosystem of innovative entrepreneurship. The article considers the models of innovation, which are the basis for the creation of a country's economy of innovative type, namely: the model of the triple spiral of innovation, the model of the quadruple spiral of innovation, the model of the fivefold spiral of innovation. The value of the article is the consideration of the successful construction of models of innovation systems in the world, which gives an opportunity to form a model of the ecosystem of innovative entrepreneurship for Ukraine. [ABSTRACT FROM AUTHOR]

The article focuses on the analysis of economic growth of Ukraine and its regions, using the proposed by the authors indicators of quality and indicators of the population living standards under innovation growth. The main purpose of the research is developing a method of multi-factor assessment and regional classification of population's life quality. Moving to the results literature review showed that many approaches to assessing the quality of life of the population have been developed in the statistical theory and practice. However, still, there are many discussions about the question of a single aggregate indicator of living standards and the methodology of regional differentiation by this criterion. So, it has not been found a rational way to combine indicators of the level and quality of life to obtain a comprehensive index that reflects objectively, reliably and verifiable the population's level and quality of life. The main discovered disadvantage of existing methods is the use of the expert estimation method, which does not allow guaranteeing validity the weight of the criteria for estimation the quality of life indicator. Nevertheless, all authors admitted that today the role of the state rises in solving the most important social and economic problems, therefore, the task to increase the efficiency of the regions' functioning based on innovation activity becomes of key importance. The analysis of regional activity's effectiveness considering the innovation component is the most important part of national administration. In the article the research of the question of multi-factor assessment and regional classification the quality of the country population's life is carried out in the following logical sequence: theoretical analysis of categories of living standards and quality of life; development of the statistical indicators system at the regional level for assessing the quality of life of the population; distribution of the entire system of indicators for certain economic categories; receiving indexes for each region by each category; realization of regional clustering with the received system of indexes. The methodical tools of the research were general scientific methods: analysis (conducted analysis of definitions for concepts of the standard of living and quality of life); synthesis (combination of separate research methods into a unified methodology of regional differentiation by the quality of life); deduction (initially it is analyzed all the proposed systems of indicators in general, and then they are divided into economic categories); abstraction (separation of a significant indicators system for the implementation of regional differentiation in terms of innovation development of the living standard of the population from the entire statistical information), specification (revealing specific characteristics of the received categories and clusters); comparison (comparison of regions according to the indicators of the population's life quality level), classification (grouping of individual indicators into economic categories); generalization (with the help of which conclusions were drawn). There were also used some special methods: cluster methods (the tree clustering method and k-means clustering of the regions of Ukraine by the basic indicators of population's living standards), the method of the main components (for the development of regional indexes for each category). The research was carried out for the data of 2017 year as the last year, for which statistical information is available with most indicators in a regional context. The object of the study is Ukraine and its 24 regions. The city of Kyiv was highlighted as the capital. The article presents the results of the empirical analysis of the level and quality of population's life indicators, which allowed to allocate five clusters and a set of indicators for regional differentiation. The study empirically confirms the presence of regional clusters in the category of living standards and theoretically proposes a methodology for its implementation in conditions of innovative development. The results of the study can be useful for analyzing various scenarios for the implementation of social policy aimed at financial and economic protection of the population ensuring. It was shown that for certain regions the quality of population's life should be considered as a task of their innovative growth. [ABSTRACT FROM AUTHOR]

This study discussed 'inclusive growth', which recently has gained attention as the 4th Industrial Revolution spreads, and considered innovative growth as a requirement for inclusive growth. Combining inclusiveness and innovativeness, a new concept of ‘Digital New Deal’ is suggested. Specifically, the new market creation strategy through digital transformation of existing industries and public sectors, and solving social problems were presented. It also analyzed problems of the past government-led top-down innovation drive and suggested the "Hybrid" approach as a new way of promoting digital New Deal. Finally, we looked at the 'job creation' effect, discussed the meaning of it in terms of inclusiveness and innovativeness, and proposed a policy alternatives to create lasting effects. [ABSTRACT FROM AUTHOR]

Purpose: The advancement of technologies and their adoption affects the socio-economic growth of nations. This research is focused on how this innovation adoption path is linked to economic growth of nations since the previous IT revolution has been combined with existing industries and adding values in terms of applying intelligence through adopting digital technologies. Approach/Design/Methodology: There are two different approaches-process approach and factor approach-in innovation adoption research. Innovation diffusion research, which is one of the process approaches, is related to adoption, diffusion, and impact theories, but there are limitations in explaining the perspective of a nation other than individual and organization on the basis of previous literatures. Therefore, we build the integrative model to verify innovative growth path of nations by applying Diffusion of Innovation Theory (DoI) and Technology (T)-Organization (O)-Environment (E) framework, which can explain factors of affecting innovation. We evaluate eight hypotheses with data collected from 137 to 212 nations using international information index by credible organizations: World Economic Forum (WEF),World Bank, United Nations (UN), and International Communications Union (ITU), based on the integrative model we proposed. The path analysis using Structural Equation Modeling (SEM) is performed, and the result shows that the path from technological innovation capabilities (T), human capital (O), and environment (E) is related directly to economic impact, except for the path from human capital to value chain breadth directly and indirectly. The indirect path through Information and Communication Technology (ICT) access, use, and value chain helps to understand the full impact of digital innovation. Practical implications: By verifying this relationship, we expect to give suggestions in policy perspective and in building strategy towards innovative growth of countries. Our results show that technological innovation capabilities take time to show impact in terms of economic growth than the other factors, which are human capital, and political and regulatory environment of country. The nurture of human capital directly affects to the economic growth of nations relative to other T and E factors. The political and regulatory environment support stable ICT usage, which gives impact to the economic growth of nations. [ABSTRACT FROM AUTHOR]