In advanced economies, the acceleration of scientific and technological progress,
the introduction of innovations are connected with the opportunities for developing
the knowledge economy, commercialization of technologies and innovation transfer networks.
The current stage of scientific and technical progress takes place in conditions of
dynamic global competition and at the same time requires cooperation and collaboration.
This paper aims to determine the dependence of economic development on indicators
characterizing the potential of a country’s knowledge economy and transfer of innovations.
The study focuses on finding ways to assess the impact of the potential of the country’s
scientific and educational activities on innovative development using the characteristics
of the “business-education-science” system in the field of innovation transfer. The
methodological research tools are the abstract-logical method and correlation-regression
analysis, which allowed establishing relevant links between the indicators of the
development of education, science and the economy in the context of the knowledge
economy and the transfer of innovations for Ukraine and European countries in the
period 2016–2021. It was found that in many countries of the “new” Europe (Bulgaria,
Greece, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Cyprus, Malta, Portugal),
as well as in Ukraine, the trend of independence of GDP growth from indicators of
the development of science and education is maintained. At the same time, the countries
of “old” Europe maintain their innovative progress at a high level, investing in science-intensive
activities, infrastructure and the R&D sector. The results can be used to improve
the efficiency of innovation transfer in Ukraine, for which the paper provides relevant
recommendations.
