THE INFLUENCE OF INNOVATIVE POTENTIAL ON GROSS PRODUCTION AND ECONOMIC SECURITY: REGIONAL ANALYSIS

The level and management of economic growth of territories in modern conditions largely depends on the introduction of innovations and structural changes. The purpose of the research paper: to study the level of gross production, economic security and innovation potency in the regions, to develop mechanisms to stimulate economic growth in various regional clusters. The study methods were: statistical analysis innovation and economic performance, data grouping, tree-like clustering method based on Euclidean distances is selected, discriminant analysis. The study revealed a low level of gross production in Ukraine, which is proven by comparing similar indicators in EU countries. The non-harmoniousness of gross production and economic development in the regions of Ukraine is also observed (according to many indicators Kyiv city has significant advantages in the economy of the regions of Ukraine). Through empirical studies it has been proved that spatial unevenness of innovative opportunities of Ukrainian regions affects economic growth. The presence of significant innovative potential is an advantage and an opportunity for the region to improve economic development. Based on the results of empirical research, 2 regional clusters were identified. Cluster 1 has an average economic growth, but there is a high innovative potential that needs to be applied more effectively and these regions can become powerful economic and scientific centers after Kyiv city. Cluster 2 has average economic growth, but the innovation potential is lower. Its significant strengthening is necessary for regions with low innovation potential.