№ 2/2023

Fìnansi Ukr. 2023 (2): 71–89https://doi.org/10.33763/finukr2023.02.071

DIGITALIZATION OF ECONOMY AND FINANCE

ZATONATSKIY Dmytro ¹

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0002-4828-9144

Institutional support for the formation of digital infrastructure in the conditions of European integration processes: a case for Ukraine

Introduction. The European integration course actualizes the need for more dynamic development of all processes aimed at the formation of digital infrastructure in Ukraine. Strengthening existing and forming new elements is one of the priority directions of the state policy of countries in the context of the transition to the digital economy.
Problem Statement. The use of an institutional approach will make it possible to explain the current state and predict further ways of development of the digital infrastructure of Ukraine.
Purpose.To assess the state and prospects of institutional support for the formation of Ukraine's digital infrastructure in the context of European integration processes and to develop recommendations to facilitate investment in it.
Methods. The methods of dialectical logic, sociological, theoretical generalization and comparison, abstract-logical, scientific generalization are applied. Given the multifaceted nature of the research subject, the methodological basis is formed by such methods as graphic, structural-functional, and expert evaluations.
Results. It was established that the institutional support for the formation of digital infrastructure is the actions of the authorities aimed at the creation of state and non-state institutions, which must provide legal, organizational and economic foundations for changing models of public management and administration, the functioning of business entities through the dominant use of technologies, products and processes using computing, telecommunications and network capabilities of electronic interaction, data exchange, signals, etc. and operate on a digital rather than analog basis. The legal basis for the formation of digital infrastructure is analyzed. The organizational basis includes the presence of relevant institutions in the state both public and private, which are part of the digital infrastructure and ensure its functioning (the state in the form of state authorities (state institutions), business entities and non-profit organizations (private institutions) ).
Conclusions. Since the economic base is based on own funds and involved investments, it is proposed: at the legislative level to adopt a strategy for the development of digital infrastructure taking into account European integration processes; attract investments and invest in knowledge and human capital; initiate the creation of crowdfunding platforms, which will facilitate the search for investors for the implementation of startups in the field of digital infrastructure. As part of the development of digital infrastructure, it is proposed to shift the main attention to the development of network and information infrastructure.

Keywords:digital infrastructure, digital development, digital economy, digitalization, European integration processes, state investment policy

JEL: О20, O33, O38

Zatonatskiy D. . Institutional support for the formation of digital infrastructure in the conditions of European integration processes: a case for Ukraine / D. Zatonatskiy // Фінанси України. - 2023. - № 2. - C. 71-89.

Article original in Ukrainian (pp. 71 - 89)

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