Innovative activity of SMES as a basis for development of domestic economy

Abstract

Purpose. The aim of the article is conducting a detailed analysis of the impact of ease of doing business in the country (provided by the rating) and the growth of innovation in the country (reflected in the change in the global innovation index) on the change in GDP per capita. Methodology of research. The theoretical and methodological basis of the research is the works of foreign and domestic scientists in the field of innovative development. The following methods are used in the process of writing the article in order to achieve this goal: theoretical generalization – to highlight common features of innovative activity in Ukraine; statistical analysis – to assess the state of innovation, ease of doing business in Ukraine; cluster analysis – to classify countries based on GII, Ease of Doing Business Index and GDP; correlation analysis – to assess the impact of innovation and ease of doing business on GDP per capita; graphical and tabular – for visual presentation of research results. Findings. The peculiarities of the state of innovative activity in the country are established. It is argued that the value of the Global Innovation Index (GII) and the ease of doing business (Ease of Doing Business) have a direct impact on GDP per capita. The countries are classified by the values of these indicators and the place of Ukraine is determined. Originality. There has been a further development of research into the impact of innovative development and ease of doing business on the country's GDP change, in particular, the clustering of these indicators has determined the position of Ukraine in the international arena. Practical value. The obtained results of the study may be used by future researchers to understand the role of innovation activities of small and medium-sized enterprises in the development of the domestic economy. Key words: innovation; innovative activity; innovative development; SMEs; global innovation index; ease of doing business index.