Model Assessment of the Effectiveness of Innovative Activities of a Economic Subject in the Context of Sustainable Development (Using the Example of a Household)
Purpose: To develop a model for the formation of economic behavior of households in the conditions of a balance of income and expenses, which allows for a qualitative assessment of the impact of innovation activities of a household on sustainable development processes.
Findings: The article develops the concept of sustainable development and, on the basis of a model built in the space of states, for the first time proposes a construct, which is called the "active economic dipole". With its help, it is analytically proved that the innovative activity of households has a positive effect on both their sustainable development and the sustainable development of the economic system as a whole.
Practical Implications: The proposed approach can be used for a qualitative assessment of the effectiveness of the activities of economic entities in a balanced circulation of resources in the context of sustainable development.
Originality / Value: The author's model for assessing the innovation activity of households is original. The model has no analogs in the scientific literature of the studied subject area.
Research Limitations / Future Research: The study proposes a generalized model without a complete description of the dimensions of its components and the procedure for determining the input parameters. This description and its application define potential directions for further research.
Paper Type: Theoretical.
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