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Institutional Aspects of the State Regulation of the Development of Digital Economy of Ukraine
Lupak R. L., Shtets T. F., Pryshlyak O. P.

Lupak, Ruslan L., Shtets, Tetiana F., and Pryshlyak, Oksana P. (2020) “Institutional Aspects of the State Regulation of the Development of Digital Economy of Ukraine.” Business Inform 1:271–277.
https://doi.org/10.32983/2222-4459-2020-1-271-277

Section: Information Technologies in the Economy

UDC 35.078:681.518(477)

Abstract:
The article is aimed at scientific substantiation of the institutional aspects of the State regulation of the development of Ukraine’s digital economy, on the basis of which the necessary conditions for the functioning of basic and derivative institutions of digitalization are created, with the full-fledged implementation of their functions and objectives. It is determined that the elemts of the institutional support of the State regulation of development of the digital economy sector in Ukraine are the institutional-legal basis, institutional-organizational platform, institutional-infrastructure provision, institutional-economic bloc and institutional-psychological environment. In order to form a sufficient institutional-legal basis, a number of instruments must be implemented, including the legislative framework for operation of digital economy, and the arrangement of functioning of the main institutions of the digital economy, removing legal restrictions for the development and spread of principles of the digital economy in business and new industries, providing a special legal regime for the economic entities with a high level of informatization and openness to cooperation in the digital economy. Implementation of instruments such as the formation of institutional provision of public policy planning, the development of the sector of digitalization of the economy, the establishment of institutions of coordination of the parties interested in the development of digital economy, the introduction of the institute of monitoring and efficiency of the State policy of development of the digital economy will allow to build a sufficient institutional-organizational platform for digitalization in Ukraine. The development of institutional-infrastructure provision for the digitalization of the national economy will be facilitated by: creation of digital platforms of business, the State and the public, the formation of unified digital cloud platforms, development of the institutional research and development environment in the digital economy, building up the information infrastructure. Within the framework of the institutional-economic bloc of the State regulation in the sphere under consideration, a number of public-private partnership programs should be implemented, the infrastructure to support high-tech start-ups should be developed and investment with a focus on the ICT sector projects, to form the methodical centers of the system of intellectual-personnel provision to meet the needs of the development of digital economy. The formation of a high-quality institutional-psychological environment is necessary to popularize the idea of digitalization of Ukraine’s economy among business and the public. This will be facilitated by a unified digital environment of trust, the development of an intellectual property security and protection infrastructure, and the promotion of benefits and opportunities of the digitalization for the economy and society.

Keywords: digital economy, institutional provision, the State regulation, Ukraine.

Fig.: 2. Bibl.: 8.

Lupak Ruslan L. – Doctor of Sciences (Economics), Professor, Professor, Department of Economics, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: [email protected]
Shtets Tetiana F. – Postgraduate Student, Department of Economics, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: [email protected]
Pryshlyak Oksana P. – Masters Student, Lviv University of Trade and Economics (10 Tuhan-Baranovskoho Str., Lviv, 79005, Ukraine)
Email: [email protected]

List of references in article

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