Current situation and prospects developing of Ukrainian IT-industry in the context of state regulatory policy

Smentyna Nataliia
Doctor of Economics, Professor, Head of Economics, Law and Business Management Department, Odessa National Economic University, E-mail:smentn@ukr.net, ORCID ID: http://orcid.org/0000-0002-3205-1377

Fialkovska Anastasiia
PhD in Economics, Associate Professor, Economics, Law and Business Management Department, Odessa National Economic University, E-mail:fian.od.ua@gmail.com, ORCID ID: https://orcid.org/0000-0002-1369-633X

Izhko Igor
Postgraduate student of Economics, Law and Business Management Department, Odessa National Economic University, E-mail:ihor.izhko@gmail.com

Cite this article:

Smentyna N., Fialkovska A., Izhko I. (2019). Current situation and prospects developing of Ukrainian IT-industry in the context of state regulatory policy. Ed.: D.V. Zavadska (ed.-in-ch.) and others [Suchasnyi stan ta perspektyvy rozvytku IT-industrii v Ukraini v konteksti transformatsii derzhavnoi rehliatornoi polityky; za red.: D. V. Zavadskoi (gol. red.)], Scientific Bulletin of the Odessa National Economic University, No. 7-8 (270-271), pp. 129–142.

Abstract

The article deals with the current state and prospects of the IT-industry development that determines the economic potential of the country and the quality of life of its citizens, as well as the role and place of this country in the global society, the scope and prospects of its economic and political integration with the world. It has been determined in the article that the state policy in the information technology sector forms as an integral part of the socio-economic policy of the state. The aim of the state policy of informatization is to promote the creation of a modern market economy, to ensure the competitiveness of the national economy by introducing modern and promising information and communication technologies into all spheres of the Ukrainian society. The separation of information policy tools into legal and economic regulators has been noted. The place of the IT-sector of Ukraine among other types of economic activity in the structure of GDP has been found out. It has been determined that the Ukrainian IT-industry successfully competing in the world market, but the digital competitiveness of the national economy is considered to be weak. The place of Ukraine in the rating of digital competitiveness in dynamics has been analyzed. Attention has been drawn to the fact that a vital factor and foundation for the functioning and development of the Ukrainian IT industry is an ecosystem that combines profile business associations, startup infrastructure, regional associations (clusters), higher education institutions that are actively developing direction, technical education and private education projects, innovation parks, technology hubs, large-scale industrial events, professional formal and informal communities. Economic instruments of state regulatory policy have been proposed. Their application will further develop and realize the potential of Ukraine’s IT-sphere. Two scenarios of prospective development of the IT-industry have been described. The model of dependence of the IT-market volume on the volume of capital investments and volume of export has been elaborated. The total IT-market in Ukraine has been predicted by means of two-factor correlation and regression analysis.

Keywords

IT-industry, state regulatory policy, informatization, legal regulators, economic instruments, digital competitiveness, ecosystem.

JEL classification: L500; DOI: 10.32680/2409-9260-2019-7-8-270-271-129-142

UD classification: 338.242.4

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