Transformation of economic development projects under the influence of innovative models and digital solutions

Анотація

The article examines the transformation of economic development projects under the influence of innovative models and digital solutions in the context of the growing role of digitalization and structural changes in the global economy. The authors provide a comprehensive assessment of the transformation of economic development projects under the influence of innovative models and digital solutions in the current conditions of global competition, the digital revolution, and structural changes in economies. The obtained results confirmed that the combination of digital tools and innovative approaches forms a new type of project environment characterized by greater efficiency, adaptability, and resilience. The theoretical foundations of innovation-digital modernization of project management are substantiated, and key institutional, organizational, and technological factors shaping the capacity of territories to implement next-generation projects are identified. Based on data from the OECD, World Bank, WIPO, IMD, and national analytical sources, a panel dataset was formed for EU, OECD countries and Ukraine for 2015-2024, which made it possible to conduct multifactor modeling of the impact of digital and innovation indicators on project performance. The results of the regression analysis indicated a strong positive influence of digital maturity, the level of GovTech implementation, innovation capacity, and R&D expenditures on project effectiveness, with digital factors demonstrating the strongest effect. The clustering of countries revealed clear groupings according to development models: from leaders of innovation-digital transformation to economies undergoing structural modernization. The proposed conceptual model of innovation-digital transformation of projects proved its analytical applicability and can be used for the development of national and regional development strategies. The obtained results emphasize the need to integrate digital technologies, innovation ecosystems, and institutional reforms to ensure sustainable economic growth and improve project management effectiveness.

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