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

Authors: Inna Stecenko; Yulia Stukalina

Addresses: Faculty of Transport and Management, Transport and Telecommunication Institute, 1 Lomonosova Street, LV-1019, Riga, Latvia ' Faculty of Transport and Management, Transport and Telecommunication Institute, 1 Lomonosova Street, LV-1019, Riga, Latvia

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.

DOI: 10.1504/IJEBR.2025.145860

International Journal of Economics and Business Research, 2025 Vol.29 No.3/4/5, pp.349 - 364

Received: 17 Aug 2022
Accepted: 03 Mar 2023
Published online: 30 Apr 2025 *

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