Possibilities of applying the concept of an entrepreneurial state to ensure structural and innovative transformations during the post-war recovery of Ukraine's economy

Yurii Kindzerskyi


Introduction. Ukraine is faced with the acute problem of overcoming the significant economic and technological lag behind the developed countries of the world, caused both by the poor economic policy carried out in previous decades, and by the catastrophic losses of the national economy due to the unleashed war of the russian federation against Ukraine. At the government level, recipes for post-war economic recovery, as in the pre-war period, do not go beyond the neoliberal mainstream. At the same time, in the national scientific discussion, in view of the considerable global experience of developing successful economies, the question of the key role of the state in the development of the country is increasingly being raised. In this regard, the study of the concept of the entrepreneurial state, which was formed in theory and implemented in practice in the most advanced cranes of the world, deserves special attention in order to establish the possibilities of its application to ensure the reconstruction of Ukraine on a qualitatively new basis.

Purpose. To reveal the main provisions of the concept of an entrepreneurial state, to outline the features and possibilities of its application in Ukraine to ensure catch-up development and structural and innovative transformations during the post-war recovery of the economy.

Results. The basics of the concept of an entrepreneurial state, according to which the state behaves as a venture investor, is the main actor in the initiation, development and support of fundamentally new, breakthrough and revolutionary scientific and technical developments and technologies throughout the entire innovation cycle, which lay the foundation for a new technical and economic the paradigm of social development and the structure of the economy, form new markets that would never have been created by private business alone due to the uncertainty factor of future innovations. The entrepreneurial state primarily sets broad social and economic goals, involves society and business on a partnership and horizontal network basis to identify problems and determine the directions of transformations, and systematically forms an institutional and regulatory environment for this. Attention is drawn to the possibilities, features and differences from developed countries in the application of this concept for the post-war recovery of Ukraine are revealed.


entrepreneurial state; innovations; structural changes; war; post-war recovery

Full Text:



Vishnevsky, V. Р., & Grechishkin, O. V. (2022). Foreseeing the industrial future: aspects of the theory. Econ. promisl., 4 (100) : 5-23. http://doi.org/10.15407/econindustry 2022.04.005. [in Ukrainian].

Kyzym, M. O. (ed.) (2020). Mekhanizm derzhavnoi pidtrymky rekonstruktsii promyslovosti Ukrainy. Kharkiv: FOP Liburkina L. M. [in Ukrainian].

Kindzerskyi, Yu. (2021). Industrial divergence of Ukraine from the EU and problems of overcoming it. Economy and The State. 6 : 9–18. https://doi.org/10.32702/2306-6806.2021.6.9. [in Ukrainian].

Heyets, V. M., et al. (2022). Recovery and reconstruction of the post-war economy of Ukraine : scientific report. Kyiv : Institute of the Economy and Forecasting of the NAS of Ukraine. [in Ukrainian].

Pidorycheva, I. (2022). Post-war recovery of Europe: experience and lessons for Ukraine. Journal of European Economy, 21 (2), 170–187. DOI: https://doi.org/10.35774/jee2022.02.170.

Salikhova, O., and Krehivskyi, O. (2022). The state in post-war industrial development and economic recovery: historical parallels and recommendations for Ukraine. Economy and Forecasting, 4, 7–42. https://doi.org/10.15407/eip2022.04.007. [in Ukrainian].

Stiglitz, J. E., Lin, J. Y., and Monga, C. (2013). The Rejuvenation of Industrial Policy. Policy Research Working Paper 6628. The World Bank. https://openknowledge.worldbank.org/handle/10986/16845.

McMillan, M., Rodrik, D., and Sepulveda, C. (2017). Structural change, fundamentals and growth: A framework and case studies. Washington, DC : International Food Policy Research Institute and the World Bank.

Mazzucato, M. (2013). The Entrepreneurial State. Debunking Public vs. Private Sector Myths. London. Anthem Press.

Mazzucato, M. (2015). Innovation Systems: From Fixing Market Failures to Creating Markets. Intereconomics, 50 (3), 120–125. https://doi.org/10.1007/s10272-015-0535-1.

Mazzucato, M., Semieniuk, G. (2017). Public financing of innovation: new questions. Oxford Review of Economic Policy, 33 (1), 24–48. https://doi.org/10.1093/oxrep/grw036.

Kattel, R., Mazzucato, M. (2018). Mission-oriented innovation policy and dynamic capabilities in the public sector. Industrial and Corporate Change, 27 (5), 787–801. https://doi.org/10.1093/icc/dty032.

Kindzerskyi, Yu. (2022). Postwar recovery of Ukraine's industry: challenges and features of policy. Economic analysis, 32 (2), 101–117. http://dx.doi.org/10.35774/econa2022.02.101. [in Ukrainian].

Myrdal, G. (1957). Economic Theory and Under-Developed Regions. London. Gerald Duckworth & Co., Ltd.

Rodrik, D. (2018). New Technologies, Global Value Chains and Developing Economies. NBER Working Paper 25164. http://www.nber.org/papers/w25164.

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


  • There are currently no refbacks.

Copyright (c) 2023

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.


Articles are distributed under Creative Commons Attribution  International 4.0 (CC-BY-NC 4.0) 

Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

© West Ukrainian National University

© «Ekonomichnyy analiz», 2007-2023