Investment component in promoting the development of the digital economy and society

Abstract

The purpose of the article is to substantiate the investment component in promoting the development of the digital economy and society. Methodology. General scientific methods are used in the research, in particular system economic analysis – to substantiate the strategic dominants of the digital transformation of the economy; statistical analysis – to study the current state and trends in foreign direct investment in digitalization; methods of positive and normative analysis – to develop recommendations for improving the investment component in promoting the development of the digital economy and society. Results. The analysis of the capital investment dynamics by section of information and telecommunications for 2010–2018 shows an increase in the share of telecommunications in its total capital investment by 0.38 percentage points. This increase was due to a slight increase in telecommunications investment in 2018 and an overall increase in capital investment. In general, capital investment increased 3.2 times in eight years, and investment in information and telecommunications – 3.5 times. It is proved that significant innovative changes in telecommunications, the transition to 3G and 4G in 2015 and 2018 increased the amount of investment in these periods by 14,799.9 million UAH and 11,489.7 million UAH, respectively. According to the growth rate, it is necessary to note the receipts in the area of computer programming and the provision of other information services, which increased 11 times (telecommunications – 3.4 times, publishing, radio, television – 2.5 times). It is noted that foreign direct investment in the economic activity of information and telecommunications has a positive trend to increase from 1,734.9 million USD in 2010 to 2,201.1 million USD in 2018. These investments also characterize a favorable investment climate for foreign investors when investing in digitalization. It is proved that today in Ukraine the most attention is paid to the creation of high-tech and engineering clusters. In addition, the development of intersectoral alliances, RD centers, laboratories, incubators, accelerators, venture funds and innovation teams is promising. The strategic dominants of the economy digital transformation are determined. Practical meaning. The main priority projects for investing in transformation infrastructure in 2020–2030 are presented. Prospects for further research. It is substantiated that the model of financing through venture capital, business angels, grants, business incubators, accelerators, crowdfunding platforms, innovation teams is expedient for innovative projects. It can be through raising funds in the stock market, through IPOs, SPOs, ISOs, direct investment funds, mutual investment institutions, state and non-state pension funds.