INSTITUTIONAL ASPECTS OF IMPLEMENTATION INNOVATIVE REPRODUCTION IN THE NATIONAL ECONOMY

The institutional determinants of ensuring the expanded reproduction of the national economy on an innovative basis are substantiated. It is established that innovative reproduction is determined by the modern model and ontological principles of formation of the innovation process, which acts as an organizational basis for promoting a scientific product to a commodity producer and is focused on meeting the needs of consumers of innovations, as well as on developing own innovations that allow obtaining a long-term economic effect and are focused on the long-term nature of innovative development. It is stated that in order to modernize the innovation process at all stages of its organization, it is necessary to introduce elements of institutional design to form transitional forms of process implementation and transform them into more modern forms. It is proved that the organization of the production process based on the development of own innovations provides a spiral dynamics of reproduction, which allows obtaining in a new production cycle modernized or fundamentally new innovations that improve production, contribute to an increase in the output of innovative goods and obtaining a commercial effect in the form of additional monetary income. It is determined that the innovative type of reproduction is based on a system of regulated formal norms that direct economic entities to participate in the process of production, distribution and consumption of an innovative product. The innovative dynamics is realized through the institutions formed at each level of the hierarchy with the appropriate direction and coordination of the norms of innovative behavior of economic entities. It is argued that the dynamics of innovative transformations, the formation of an organizational model of the innovation process and the nature of extended reproduction are influenced by exogenous and endogenous factors. The endogenous factors of influence of innovative reproduction (personnel, financial, information support, equipment and technologies, organization of production) are systematized. It is substantiated that exogenous influence on innovative reproduction is exerted by factors formed by basic economic institutions, formal norms and infrastructure provision.