The Innovation Development in Ukraine: Problems and Development Perspectives

Abstract

The paper explores the economical approaches in innovation development in Ukraine.
The application of hierarchical cluster analysis for 27 Ukrainian regions in 2001 to 2005
confirms the low convergence between three clusters. The sufficient industrial and
scientific endowment inheritance creates opportunities to exploit potentials and to
improve position in cluster 2. The research strengthens the dependence of regional
cluster classification on the input factors of production combination in Ukrainian
regions. Our results anticipate that the special regional policy measures may be the
effective approach for regional inequalities reduction, innovation development, and the
economic growth stimulation.