INNOVATIVE AND INVESTMENT MODEL OF STATE DEVELOPMENT AS A FACTOR OF ECONOMIC GROWTH IN THE POST-WAR PERIOD OF UKRAINE

The article examines current issues of innovation and investment development of the state, using Ukraine in the post-war period as a case study. The authors focus on the fact that innovation- and investment-driven development is a key driving force of post-war reconstruction and a necessary prerequisite for economic growth. The post-war reconstruction strategy provides an opportunity for a leap toward a qualitatively new development model, which requires direct investment and advanced technologies. In the study, the authors emphasize quantitative innovation and investment indicators such as R&D expenditures, the number of innovation-active enterprises, and foreign direct investment. The hypothesis is tested that innovation and investment development in Ukraine have a positive effect on GDP growth. The main indicators of Ukraine's innovation and investment development are analyzed, and it is determined that even under wartime conditions, Ukraine demonstrates strong internal innovation potential; however, the existing investment model does not ensure full-scale technological development. The authors conclude that an increase in R&D expenditures will have a systemic and long-term positive effect, manifested not only in GDP growth, but also in the formation of an innovation-oriented economy and an increase in the share of value added in production. Increasing R&D expenditures can become one of the most powerful drivers of Ukraine’s economic growth and technological breakthrough. The study is useful for government agencies developing strategies to attract foreign investment in the post-war period and for the private sector seeking to further develop its business. The study applies the principles of a systemic approach in analyzing the impact of innovation and investment development indicators on economic growth in the post-war period, the principle of reliability, which reflects the current state of national economic development, as well as the principles of information accessibility and representativeness to ensure the validity of the research results.