FINANCIAL AND ECONOMIC REGULATION

GASANOV Sergіi ¹, SYZONENKO Viktor

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-7454-0419

Structural shifts and innovative modernization financing

The impact of fiscal and monetary policy adjustment and their coordination to progressive structural changes in the economy was analyzed in the article. The role and importance of the structural changes reliable funding, taking into account duration of the innovation cycle, were discussed. It has been revealed that current structure of the national economy has exhausted its possibilities to ensure economic stability and economic growth. The conclusion about the costly option of national economic development was made taking into account the dynamics ofproduction and distribution of GDP in Ukraine. The need to change the balance between accumulation and consumption for the benefit of accumulation has been substantiated. It has been found that the trends of industry, agriculture and services market development are diverse in nature. It has been assumed based on the comparison of different state innovative policy types, that the policy of structural changes of the economic mechanism is the most adequate to modern conditions of development in Ukraine. The relevance of the issue of public financing of innovative business ’ modem infrastructure development, and active support to development of transport, information and communication networks has been underlined. The theoretical and methodological foundations and directions of innovative development financing from the standpoint of structural shifts in the national economy have been developed. The role of financial incentives in the system of regulatory mechanisms of innovative modernization has been substantiated. The necessity of developing and implementing the main financial instruments of state regulatory impact on structural shifts and innovative modernization of the economy has been emphasized.

Keywords: financial incentives, innovative modernization, structural shifts, fiscal mechanism, stimulating monetary policy, regulatory activities

JEL: H39, Q30, Q31, Q32

Gasanov S. . Structural shifts and innovative modernization financing / S. . Gasanov, V. . SYZONENKO // Фінанси України. - 2014. - № 5. - C. 20-28.