Development of the institute of management in the knowledge economy: contribution to digitalization and economic growth

The article is devoted to determining the contribution of the management institute in the knowledge economy to digitalization and economic growth, which is the purpose of this article. Based on the international experience of the top 10 fast-growing digital economies in the world in 2023, a regression analysis of the dependence of digitalization and economic growth on business efficiency factors was carried out. The author's main conclusion is that the management institute makes a significant contribution to digitalization and economic growth, therefore, the hypothesis put forward has been proven. The results obtained clarified the set of factors for the growth of the digital economy, which is the theoretical significance of the study. In particular, it is substantiated that productivity and labor efficiency do not have a positive impact on the growth of the digital economy, and the availability of human resources has a contradictory effect, supporting digitalization but inhibiting economic growth. The most important consistent factors are financing and development of the management institute. Based on the results of econometric modeling, the prospect of accelerating digitalization and economic growth through the development of the management institute has been identified. The author's forecast has been made for changes in the rate of economic growth and the level of digitalization of companies while maximizing the level of development of the management institute. The author's forecast revealed the potential for accelerating digitalization and economic growth through the development of the management institute, which expresses its practical significance.