Digitalisation of the economies of the Baltic States: forecasting some development trends

Inna Stecenko and Yulia Stukalina

International Journal of Economics and Business Research, 2025, vol. 29, issue 3/4/5, 349-364

Abstract: The pace of business digital transformation varies across the countries, which is determined by a few conditional factors that work differently in different countries depending on the country's context. The aim of the research was to forecast the number of R&D specialists in the Baltic States and the number of internet-banking operations in five years to come for further forecasting the speed of digitalisation in the country based on the results of the previous study dedicated to the assessment of the factors influencing the digitalisation of economies in the Baltic States. For this purpose, a predictive analysis for forecasting the number of R&D staff and internet-banking operations in the Baltic States was done by performing multiple regression analysis (for the period from 2022 to 2028). The findings of the study are supposed to be utilised for the development of a policy for accelerating digitalisation of the economies of the Baltic States.

Keywords: data-driven economy; digitalisation; Baltic States. (search for similar items in EconPapers)
Date: 2025
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