RETRACTED: Endogenization of social progress as a source of economic growth (Retracted Article)

The paper shows that in the evolution of models of economic growth toward the expansion of the endogenous nature of the factors that determine its dynamics, it is advisable to consider the endogenous nature of socialization and social innovation which are a means to accumulate social skills to support and expand business activities and intangible assets as sources of economic growth. Socialization, having personal significance and based on personal perception, shapes social perception, thus supporting social development and its economic components. On this basis, the paper shows that the purpose of socialization to overcome the limitations inherent in the cultural code can be achieved, inter alia, through the influence of the state and civil society, in particular in Ukraine. Collectively, this allows for transformation, in particular, in the economy, in accordance with public interests, rather than private interests.