ECONOMIC PRECONDITIONS FOR ENSURING THE COMPETITIVENESS OF INDUSTRIAL ENTERPRISES

Abstract

The purpose of the work. Based on the methodology of modern economic theory, to determine the nature and degree of influence of economic prerequisites on the competitiveness of industrial enterprises, as well as to give recommendations for increasing the competitiveness of industry. Methodology. The theoretical and methodological basis of the study was the following provisions: the study is based on a mechanism for stimulating the competitiveness of Ukrainian industry using direct budget incentives and tax benefits in forms that are not currently provided for by the Tax Code of Ukraine; the dependence of the volume of R&D expenses and sales of innovative products of industrial enterprises of Ukraine on the aggregate indicator is determined; a method for assessing the effectiveness of individual forms of tax benefits, direct budget financing for stimulating the innovative component of the competitiveness of industrial enterprises of Ukraine, based on the movement along the gradient of the function of R&D expenses and innovative sales, is substantiated. Scientific novelty. The possibilities of increasing the competitiveness of Ukrainian industry using income tax benefits in forms not currently provided for by the Tax Code of Ukraine have been identified and scientifically substantiated, such as: reducing the amount of accrued tax in the amount of a certain percentage of the amount of innovation costs incurred by the enterprise, additional deduction from the tax base in the amount of depreciation of fixed assets. The functional dependence of the volume of R&D costs and innovation sales of industrial enterprises on the aggregate indicator – the estimated cost of capital of the marginal investment has been identified and scientifically substantiated. A method for assessing the effectiveness of state support for the innovation aspect of the competitiveness of industrial enterprises has been proposed, based on the movement along the gradient of the R&D cost function and innovation sales. Its feature is the accounting of real economic restrictions imposed on the variables used to calculate the cost of capital of the corresponding marginal investment. Conclusions. In a knowledge-based economy, innovation is the main factor supporting the competitiveness of industry. The importance of innovation in increasing the competitiveness of Ukrainian industry is particularly important, given the low level of innovation activity of industrial enterprises. To increase the competitiveness of Ukrainian industrial enterprises, the most effective way is to stimulate the real sector of industry related to high-tech production (such as aircraft manufacturing, electronics, mechanical engineering), as well as to stimulate investments in information and communication technologies.