An Econometric Analysis of the Impact of Digitalization on the Business Sector of the National Economy of Ukraine
Shvets N. V., Kramchaninova M. D.

Shvets, Nataliia V., and Kramchaninova, Maiia D. (2023) “An Econometric Analysis of the Impact of Digitalization on the Business Sector of the National Economy of Ukraine.” The Problems of Economy 3:315–322.
https://doi.org/10.32983/2222-0712-2023-3-315-322

Section: Mathematical methods and models in economy

UDC 330.341:330.43(477)

Abstract:
The article discloses the results of a study of the response of the business sector of Ukraine to digital transformation on the basis of a comprehensive review of the available literature and an econometric analysis of enterprise data on the introduction of information and communication technologies for the period of 2011–2020. The current methodology and the existing database of statistical observations of the process of digitalization are studied. It is noted that statistical monitoring of digital transformations remains underdeveloped and requires the accumulation of information according to the new metrics. In the future, this will significantly improve the ability to track the economic results of digital transformations. According to the results of the correlation and regression analysis of the data available at present, it is found that such manifestations of digitalization as Internet transactions with banks and public authorities, obtaining information about goods, services by enterprises and data exchange via e-mail, have a strong correlation with the real volume of sales per capita. A carried out regression modeling verified the statistical significance of the direct correlation between the number of enterprises that receive information about goods, services, via the Internet, use e-mail correspondence, and the real volume of sales. It is concluded that the hypothesis that digitalization contributes to business growth in Ukraine is justified, a particularly strong impact can be traced in the aspect of information exchange. In general, the results of the study emphasize the importance of supporting the business sector in the further process of digital transformation and growth of the IT industry and constitute an analytical basis for the development of effective policy decisions to identify strategically important priorities that can ensure the post-war recovery of the national economy of Ukraine and its further development.

Keywords: digitalization, business development, information and communication technologies, correlation and regression analysis.

Tabl.: 2. Formulae: 2. Bibl.: 27.

Shvets Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Entrepreneurship, East-Ukrainian National University named after V. Dahl (59a Tsentralnyi Ave., Sievierodonetsk, Luhansk region, 91034, Ukraine)
Email: shvets@snu.edu.ua
Kramchaninova Maiia D. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Entrepreneurship, East-Ukrainian National University named after V. Dahl (59a Tsentralnyi Ave., Sievierodonetsk, Luhansk region, 91034, Ukraine)
Email: mdnarmania@gmail.com

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