Determinants of the Foreign Direct Investments in Terms of Digital Transformation of the Ukrainian Economy

Abstract

This article is a research study of the role and necessity of digital transformation of Ukrainian economy in the context of digitalization of the world economy, which will promote economic growth and increase the international competitiveness of national economy, which in its turn will contribute to the further formation of an attractive investment environment. The modern tendencies of information economy development are disclosed. Changes of the determinants of FDI in the Ukrainian economy in terms of its digital transformation are revealed. It is proved that the increase of investment attractiveness will ensure a constant inflow of foreign capital, creation of new jobs, new technologies and products. Much attention in the article is paid to the role of information, development of information sphere, digitalization, formation of a new information economy, foreign direct investments, which act as a driving force in the development of a competitive national economy. The necessity of this study is due to the modern trends of development in the world economy and the digital transformation of the national economy. The role and importance of foreign direct investments in the digital transformation of the national economy has been proved on the basis of a broad analysis of research works of foreign and national specialists, analysis of economic situation in Ukraine and the main macroeconomic indicators identified the role and necessity of transformation processes, the world market of foreign direct investments have been analyzed, the necessity and requirements for the formation of an attractive investment environment, favorable investment climate and business environment have been identified. Using the econometric model, the indicators of GDP, exports and imports of goods and services, inflation have been analyzed in the context of their impact on the volume of FDI attraction, their forecasting have been made, and their influence on the formation of economic digitization have been proved. © 2020, Springer Nature Switzerland AG.