Model Assessment of the Effectiveness of Innovative Activities of a Economic Subject in the Context of Sustainable Development (Using the Example of a Household) Cover Image

Модельна оцінка результативності інноваційної діяльності економічного суб’єкту в контексті сталого розвитку (на прикладі домогосподарства)
Model Assessment of the Effectiveness of Innovative Activities of a Economic Subject in the Context of Sustainable Development (Using the Example of a Household)

Author(s): Roman Vyacheslavovich Ivanov, Tetiana Valeriyivna Grynko
Subject(s): Business Economy / Management, Micro-Economics, Economic development
Published by: Дніпропетровський національний університет імені Олеся Гончара
Keywords: household; innovation activity; sustainable development; active economic dipole; state space;

Summary/Abstract: Purpose: To develop a model for the formation of economic behavior of households in the conditions of a balance of income and expenses, which allows for a qualitative assessment of the impact of innovation activities of a household on sustainable development processes. Findings: The article develops the concept of sustainable development and, on the basis of a model built in the space of states, for the first time proposes a construct, which is called the "active economic dipole". With its help, it is analytically proved that the innovative activity of households has a positive effect on both their sustainable development and the sustainable development of the economic system as a whole. Practical Implications: The proposed approach can be used for a qualitative assessment of the effectiveness of the activities of economic entities in a balanced circulation of resources in the context of sustainable development. Originality / Value: The author's model for assessing the innovation activity of households is original. The model has no analogs in the scientific literature of the studied subject area. Research Limitations / Future Research: The study proposes a generalized model without a complete description of the dimensions of its components and the procedure for determining the input parameters. This description and its application define potential directions for further research. Paper Type: Theoretical.

  • Issue Year: 29/2021
  • Issue No: 4
  • Page Range: 192-199
  • Page Count: 8
  • Language: Ukrainian