Exploring the Nexus between Digitalization and Sustainable Development: Evidence from CIS countries

In this study, we explore the impact of digitalization on sustainable development in the CIS region between 2000 and 2023. Using the Fixed-Effects model with Driscoll-Kraay robust standard errors that address heteroskedasticity and cross-sectional dependence, we found that digitalization has a significant positive relationship with sustainable outcomes measured through adjusted net savings. We also found that such control variables as GDP per capita and FDI are positively associated with sustainability whereas population density was found to reduce sustainable development. Overall, our empirical findings highlight the important role of digital reforms in promoting social, economic and environmental development in the CIS context.

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