Abstract
The article analyzes the nature and specificity of digital economy as an object of regulation from the standpoint of institutional methodology. It reveals the logic of digital economy evolution and its internal contradictions. The authors hold comparative analysis of approaches to defining the essence and forms, functions and structure of digital economy. The categorical apparatus of the theory of digital economy is specified and supplemented. We proposed a conceptual model of a multi-level transition of the economy to a digital development scenario. The conceptual recommendations on the development of the digital economy regulation system are presented. We propose to distinguish between digital and digitized sectors, which cover the industries directly and indirectly related to digital technologies and products.
Highlights
Digital economy and digitalization in a broad sense are among the hottest topics on the agenda of the largest global structures, including the G-20, the World Trade Organization, the International Monetary Fund, the World Bank, the Organization for Economic Cooperation and Development, etc
We note that the institutional approach to the analysis of digital economy made it possible to determine its specificity as a complex object of regulation
Digital economy includes institutional and company-specific digital sectors; all other sectors experiencing the increasing influence of digitalization are proposed to be attributed to digitized economy
Summary
Digital economy and digitalization in a broad sense are among the hottest topics on the agenda of the largest global structures, including the G-20, the World Trade Organization, the International Monetary Fund, the World Bank, the Organization for Economic Cooperation and Development, etc. It is necessary that the regulatory paradigm should reflect to the maximum extent the specifics of digital economy, and not become another attempt to adapt universal approaches to the regulation of innovative technologies and dependent types and forms of economic activity. Digital economy is a highly heterogeneous conglomerate of technologies, types of economic activity, professions, institutions, organizations, infrastructure facilities, business models, markets, goods, services, etc.
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