<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants on the economic systems’ development in the conditions of the creative economy formation. It is proposed to use the approach of economic-mathematical modeling in the form of simulation modeling of the intellectual-innovative development of economic systems in the conditions of the creative economy formation. Simulation modeling involves modeling the effects of three constituent blocks: “economic system”, “innovative processes”, “creative potential”. The calculation of the integral indicator of the development of intellectual and innovative determinants of economic systems in the conditions of the creative economy formation makes it possible to forecast indicators of the economic system’ development. The proposed approach was tested in relation to the economic system of Ukraine.</p>
</abstract>

The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants on the economic systems’ development in the conditions of the creative economy formation. It is proposed to use the approach of economic-mathematical modeling in the form of simulation modeling of the intellectual-innovative development of economic systems in the conditions of the creative economy formation. Simulation modeling involves modeling the effects of three constituent blocks: “economic system”, “innovative processes”, “creative potential”. The calculation of the integral indicator of the development of intellectual and innovative determinants of economic systems in the conditions of the creative economy formation makes it possible to forecast indicators of the economic system’ development. The proposed approach was tested in relation to the economic system of Ukraine.

Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Assoc. Prof., PHEI “Academician Yuriy Bugay International Scientific and Technical University”

Assoc. Prof., Vasyl Stus Donetsk National University

Assoc. Prof., Khmelnytskyi National University

Management Theory and Studies for Rural Business and Infrastructure Development

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

The purpose of the article is to substantiate the theoretical and conceptual foundations of modeling the influence of intellectual and innovative determinants...

Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Published Online: Aug 08, 2023

Page range: 133 - 141

Received: Apr 11, 2023

Accepted: Apr 25, 2023

DOI: https://doi.org/10.15544/mts.2023.14

Keywords
intellectual and innovative determinants, development, economic system, creative economy, simulation modeling

© 2023 Semen Khanin et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Modeling the Influence of Intellectual and Innovative Determinants on the Economic Systems’ Development in the Conditions of the Creative Economy Formation

Published Online: Aug 08, 2023

Page range: 133 - 141

Received: Apr 11, 2023

Accepted: Apr 25, 2023

DOI: https://doi.org/10.15544/mts.2023.14

Keywordsintellectual and innovative determinants, development, economic system, creative economy, simulation modeling

© 2023 Semen Khanin et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Keywords
intellectual and innovative determinants, development, economic system, creative economy, simulation modeling