Due to the deepening imbalances in the development of world energy and the uneven distribution of traditional energy resources, countries are forced to apply innovative forms and methods of radical changes in the structure of energy consumption. The formation of energy independence is based on the use of the innovative potential of the economy and the introduction of renewable energy sources. The econometric analysis showed a high level of influence of energy consumption based on wind and solar energy, the share of energy supplies from renewable sources, imports of mineral fuel, oil and its distillation products, financing of innovative activities of industrial enterprises on the country’s GDP in a multifactor model. The implementation of innovative restructuring of the energy sector will reduce the level of energy intensity of GDP, increase the share of energy derived from renewable energy sources and reduce the consumption of traditional energy resources, which will provide an appropriate level of energy independence. The assimilation of complex world-class innovations in the field of energy determine the criteria of energy efficiency, encourage the active implementation of such measures, through which it is possible to predict the results of further scientific and practical search.

Abstract. The article identifies the impact of sources of funding for innovation in the country on economic growth through economic and mathematical modeling and construction of regression equations between GDP and funding for innovation and research costs with the construction of a multifactor regression equation. As a result of regression analysis, it was found that the most significant impact on the resulting indicator have such variables as capital investment from state and local budgets and research and development costs. Using the method of extrapolation, GDP growth was forecast for 4 years, and it was found that capital investment from own funds of enterprises and organizations will grow by 24,08%, capital investment from state and local budgets by 28,42%, research costs and development by 22,76% for the analyzed period.Subject to compliance with the projected values of the financial determinants of the innovative component of increasing the country’s competitiveness, the volume of estimated GDP in actual prices for the forecast period will increase by 936039,011 million UAH or 23,26%. The reasons for the low level of the state of the innovation sphere in the domestic economy are outlined: underdevelopment of the market of innovative products due to low indicators of development of integration processes in it; weakness of relations that determine the innovative nature of economic development; low motivation of the industrial sector in innovative development; the supply of technological innovations created by national industrial companies and research institutions in the domestic market is limited; high cost of development and implementation, high interest rates on the investment portfolio, a long payback period, the focus of financial institutions on the issuance of «short loans», usually consumer loans for technological renewal of industrial sectors. To resolve such contradictions, the system-forming factors of a set of measures to intensify integration processes in the innovation sphere of Ukraine were proposed. Systematized foreign experience in scientific, technical and innovation policy, as well as commercialization of innovations, taking into account which proposed conceptual guidelines for organizational and financial support of the effectiveness of the innovative component of competitiveness: economic mechanisms (direct budget investments; preferential lending; integration with foreign institutions; financial activities; increase the share of GDP aimed at financing innovation processes, development of an effective set of measures to attract international grants and household savings as investments to implement the concept of innovative development of the country’s economy, etc.); organizational mechanisms (formation of integration clusters using the potential of education, business, government, public; state assistance in the development of innovation infrastructure, etc.). Keywords:innovations, financial support of innovative development, country competitiveness, innovation system, cluster, regression, correlation, integration processes. JEL Classification O11, O19, O16, O33, E62, F20 Formulas: 1; fig.: 5; tabl.: 3; bibl.: 12.

Abstract. The paper aims at disclosing the nature of offshore tools used for the withdrawal of capital from Ukraine, as well as suggesting measures to be undertaken by Ukrainian authorities to improve the current situation. The authors apply comparative analysis to find the data discrepancy between State Statistics Service of Ukraine and Eurostat on export-import operations between Ukraine and the EU to determine the volumes of tax evasion and avoidance in Ukraine. The article states that dynamic internationalization of financial and economic operations of Ukrainian business entities in recent decades had negative effects on national welfare due to their maneuvering of capital between affiliated units via transfer pricing and intensifying their offshorization using transborder movement of commodities, services, and factors of production resulting in the reduction of budget tax revenues, increasing the scale of cross-border outflow of capital, strengthening the strategic control of foreign countries over the production facilities of Ukraine, as well as significantly undermining national tax security, macroeconomic and social balance. Thus, Ukrainian regulatory bodies must take measures aimed at deoffshorization of business activities, structural modernization of the national economy, dynamization of macroeconomic growth, regulation of inflation and increasing the volume of foreign direct investments in Ukraine. Keywords: multinational companies, offshore, offshore financial centers, offshorization, tax avoidance, tax evasion, tax haven, Ukraine. JEL Classification H26, H31, H32 Formulas: 0; fig.: 0; tabl.: 6; bibl.: 49.