The influence of integrated indicators of digitalization of social-economic transformations on the country’s digital development level

Abstract

Introduction. Understanding the factors that initiate digitalization is extremely relevant for the study of the economy in the current and future economic conditions. The dependence of financial and economic systems on a large number of automated information systems and big data is growing. This upward trend is gradually becoming an urgent need for socio- economic facilities to function, and an understanding of key perceptions of the state of the global digital economy is the key to a stable financial system.Purpose. The aim of the study is to develop a multifactor regression model to describe the impact of key determinants that shape the level of risk of using financial institutions to money laundering and terrorist financing, business aspects and national cybersecurity on the overall digital development of the world.Methods. Research methods are based on the system-logical generalization of integrated indicators of socio-economic transformations and digitalization , content analysis, descriptive statistics, Spearman’s rank correlation, multidimensional statistical analysis.Results. A multiple linear econometric model has been developed that describes the impact of integrated indicators of the level of national cybersecurity, ease of doing business and the Basel AML index on the overall country’s level of digital development. The model is statistically significant and can be implemented by domestic institutions, including the National Bank of Ukraine, the Financial Intelligence Service of Ukraine, the National CyberSecurity Coordination Center and International institutions to strengthen digital trust, identify reserves to increase cybersecurity in each country.Prospects. Further research will focus on in-depth analysis and evaluation of research data from a different angle, namely in terms of developing quantile regressions that will determine how national cybersecurity and ease of doing business for digitally advanced countries affect digital development, and how the importance of national cybersecurity indicators and ease of doing business for countries with low levels of digital development affect the level of digital development.