Impact of the Digital Economy on Investment Projects

Abstract

Formation and development of the digital economy is a crucial issue not only in theory, but also in practice due to the influence of digital technologies on economic growth, investment opportunities, competitiveness and economic security of both the country and its entities. Potential impact of the digital economy on innovations and investments was not sufficiently studied by domestic researchers. The study focuses on formation of a breakthrough system and approaches to investments, forecasting and management decision-making against the backdrop of development of the digital economy. The article describes the digital economy's impact on development of priority investment projects, highlights strengths of the national economy and main steps to develop the digital economy. The study is based on the principles of the methodology of economic growth, methodology of investment-driven development contributing to a new approach to the evaluation of investment projects in the conditions of the economy's digitalization. Research and methodological approaches used in the study: basic research methods (generalization, formalization, comparison), analogy, economic analysis, expert estimates. Theoretical significance of the research results is conditioned by development of basic theoretical approaches to the study of the economy's transition to the digital path of development, formation of ideas about the digital model of management. The methodological tools will allow developing an effective mechanism of interaction between public authorities, businesses and research institutions in the context of development of the digital economy. The described methodological approach will allow studying the impact of the digital economy on investment projects. The practical significance of the study lies in application of digital economy tools to investment projects in a changing environment. Research results will allow implementing digital startups which affect the performance of promising investment projects.