Main trends of government regulation of sectoral digitalization

Abstract

This paper examines the principal trends of the government regulation of the milk-producing industry. It focuses on the rationale of those trends for improving the government regulation of dairy industry parameters and the development of effective methods for their implementation in the context of transformation into the digital economy. The study explores theoretical positions, approaches, and principles of the government regulation of digitalization of the dairy industry. It also identifies the essence and forms of this regulation. The researchers developed an economic and mathematical model of the relationship between the dairy industry parameters through a multilevel chain of indirect parameter relationship. The researchers also worked out the methodological foundations for modeling the dairy industry using digital technologies. A reverse forecasting technique was developed to estimate the necessary volume of the government support required to achieve dairy industry target indicators at any level of regulation. The model was tested with various scenarios for forecasting the results of the government regulation of the dairy industry in order to achieve the target criteria.