Multiplicative Dynamic Model of Technological Progress Factor Impact on Economy Sectors Innovation Development

Abstract

The research addresses the issues of development the active mechanisms to manage the national economy sectors innovation development taking into account their pace of technological progress and resource potential proportionality. The study is based on the idea about relative importance of different sectors of the economy in innovation terms in the process of overall economic development. The main issues and cases of different economic models of emergence and diffusion of innovations and analytical support of innovation and technological changes management through the development of integrated development strategies were considered. As key component of improved multiplicative dynamic model of J. Tinbergen production function the parameter of technological progress, which reflects the level of innovation development of the national economy, was considered. Based on research results Tinbergen's production function equation for the Ukrainian industry was obtained. The equation obtained is reliable and statistically significant, as it is described by high statistical estimates.