Year: 2025
Type: article
Abstract: Innovation and investment serve as crucial drivers of economic growth, competitiveness, and overall quality of life. They are the engines that drive regional economies forward, contributing to job creation, technological progress, and structural transformations. At the same time, creating an enabling environment for attracting long-term investment and supporting highly effective innovation projects requires not only proper infrastructure and resources, but also ensuring an adequate level of investment and innovation security. This security is a necessary prerequisite for minimizing potential threats and maximizing the positive impact of economic activity. The article examines conceptual approaches to assessing investment and innovation security at the regional level, emphasizing its importance as a fundamental component of socio-economic development. Investment and innovation security are increasingly recognized as critical factors in regional competitiveness, resilience, and the ability to effectively adapt to global and national economic challenges. The study explores the methodological foundations of investment and innovation security assessment, which allows the development of a comprehensive understanding of the relevant criteria and indicators, as well as identifying the main directions for ensuring its stability and competitiveness. The various scientific approaches utilized for assessing investment and innovation security are clearly defined and systematized based on the two key parameters. First, they are classified according to the specific subject of assessment (discrete, integrated, and complex), and second, they are categorized according to the assessment methodology (rating analysis, analysis of the state of the economy, analysis of factors or risks, system analysis). Special attention is paid to the regional dimension of security. The authors identify the key components of investment and innovation security at the regional level: resource and intellectual potential (human capital, R&D capacity), investment climate (legal, regulatory, and fiscal framework), innovation infrastructure (technoparks, business incubators), environmental conditions, and priorities for sustainable development. These elements reflect not only the economic, but also the social and environmental context, which is important for a balanced regional policy. Based on the research conducted, the authors proposed an algorithm for assessing investment and innovation security. This algorithm integrates methodological approaches with specific components, the use of which will contribute to the formation of effective management decisions in regional policy and ensure economic stability.
Authors: Khrystyna M. Prytula, Yaroslava Ya. Kalat
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7115685201