The article analyzed the problem of institutional determinants of innovative development in the 21st century, which is not yet sufficiently understood in a scientific sense. It is established that poor quality and inconsistency of institutions with macro– and microeconomic mechanisms exacerbates the problem of institutional determinants of providing innovative development in the economy of the 21st century. The subject of the research is the institutional determinants (a set of formal and informal rules and regulations, incentives and mechanisms) that determine the provision of innovative development. Economic development implies a progressive change in the institutional environment of the national innovation system. In the context of the above, it is proved that the peculiarities of the content of institutional determinants of innovative development in Ukraine are characterized by complication of interconnections and forms of manifestation, strengthening of transformational tendencies. It is determined that the effect of institutional determinants is manifested through the influence of three types of institutions: primary (basic) market institutions (protection of property rights and investments, observance of rights and obligations, fixed by the contract system, freedom competition); development institutes (regulatory environment, business climate, regulatory business opportunities, judicial independence); institutes of efficiency (developed human and social capital, effective legislative support, impartiality of judges, reliability of law enforcement agencies. The research methodology is based on the methods of a holistic systematic approach to institutional analysis, interconnections and the logic of institutional determinants of innovation development. It is crucial to build holistic logical constructs (based on a model of innovative behavior) that allow a full analysis of existing institutional relationships. The purpose of the research is to analyze the institutional determinants of innovation development in the economy of the 21st century, to evaluate possible directions for more effective innovation management. Regulation of scientific aspects of institutes and institutional determinants allowed to re-evaluate traditional problems of innovative development. The main conclusions of the research relate to the justification of the set of institutional determinants that ensure the effective interdependence of institutional and innovation dynamics. It is argued that the institutional determinants of innovative change cannot be considered outside the interconnections. It is determined that the most problematic issues of readiness for innovation are: a small proportion of firms that are able to perceive and implement innovative technologies, lack of sufficient resources, low interest in purchasing new technological products. It is established that the effective use of institutional determinants of innovative development is possible only on the basis of the formation and effective implementation of the mechanism for managing the institutional stimulation of relevant innovation changes. It has been shown that scientific clarification of institutional determinants is a prerequisite for a deeper analysis of the effective development of the national innovation system. Only effective institutions can provide the necessary opportunities for innovative development. In this context, there is a need to further expand the institutional research of the innovation system.

The paper is devoted to elucidating the content and role of institutional stimuli in providing the economic sustainability and development. There is systematized the understanding of the economic content of the stimulating and coordinating function of institutions. The analysis of the essence and forms of manifestations of the dilemma "sustainability vs development" is realized. The complex of institutional sustainability and development stimuli as a complicated integrity of formal and informal alternatives, mechanisms of the economic development is separated. There is also elucidated the content of anticorruption effects of using institutional stimuli. Main institutional preconditions of the theoretical model of stimulating the economic development in the context of combining quality institutions, mechanisms and effective stimuli are revealed, its base principles are substantiated.The method of institutional analysis that is a base of systematization of the understanding of the economic content of the stimulating and coordinating function of institutions is central in the study. The method of system approach is used at analyzing the essence and forms of manifestations of the dilemma "sustainability vs development". Based on method of structuring and synthesis, there is separated the complex of institutional stimuli of sustainability and development as a complicated integrity of formal and informal alternatives. The structural logic analysis gave a possibility to separate mechanisms and instruments of the economic development. Methods of comparison and generalization are used at elucidating the content of anticorruption effects of using institutional stimuli.There is established an importance of differentiation of legal institutions of state regulation that provide observation of property rights and responsibility and institutions that structure a market behavior of partners under conditions of the effective competition at making choice between the market and dirigiste mechanisms of sustainability and development.It is elucidated, that the effectiveness of institutional stimuli is connected with strengthening property rights and decreasing a corruption level. The influence mechanism of institutional stimuli of overcoming the conflict between private and social in the macrofinancial sphere is explained. It is established, that anticorruption effects of institutional stimulation need providing the rule of law, effective enforcement, support of democratic values, formation of the market competitive environment. At the same time there is revealed the ineffectiveness of anticorruption stimuli without raising the general culture of the population, formation of the anticorruption worldview.It is established the necessity of the civic society, more independent from the state, higher degree of personal responsibility of individuals for providing institutional stimuli that support stability, development and have the motivation effect in countries with forming markets. Institutional arrangements as to transferring economies...

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Modern civilization processes are due to production processes. In any management system, the enterprise is its key element. The theoretical definitions of the essence of “production” and “enterprise” concepts in certain aspects do not coincide with the corresponding legal definitions. This clearly illustrates the dynamics of domestic legislation at the stages of the adoption of relevant laws of Ukraine from the “Law on Enterprises” to the Economic Code of Ukraine. Prospects for the integration of domestic enterprises into international production networks are significantly dependent on their ability to move to modern management standards, systematically coordinated with sustainable development processes based on innovatization, focused on the requirements of entry into the information society space. In Ukraine, during the period of state independence, the adoption as a national series of key international standards is implemented. But the unevenness of the evolution of the components of both constant and technological development is also determined. This gives rise to corresponding negative consequences and requires a search for mechanisms by which the characteristics of the harmony of the above components will be determined, on the basis of which it will be possible to effectively manage them in order to bring them to the desired state.

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