Mechanism of state regulation of innovation development of the construction sphere

The article provides theoretical and methodological justification of the process of formation of the mechanism of state regulation of innovation development of the construction sphere of Ukraine. The article studies conceptual provisions of formation of the mechanism of state regulation of innovation development of the construction sphere. It develops the mechanism of state regulation of innovation development of the construction sphere, realisation of which would ensure stable, effective and system functioning of the construction sphere on the basis of newest technologies and would become a powerful incentive for the national economy development. It analyses main principles, functions and instruments of state regulation of innovation development of the construction sphere in detail. It offers and justifies organisational, information, personnel and financial and economic support and also tax stimulation of creation of the mechanism of state regulation of innovation development of the construction sphere. Prospects of further studies in this direction is identification of priorities of innovation development of construction in the regional context, development of directions of improvement of the mechanism of state regulation of innovation development of the construction sphere and assessment of efficiency of the state impact on innovation development of construction.