Effects of digital transformation on green investment: Evidence from developing economies

Kozhakhmetova A. Tazhiyeva Z. Zhidebekkyzy A. Bács Z.
2025 Centre of Sociological Research

Journal of International Studies
2025 #18 Issue 2 138 - 158 pp.

This study examines the impact of digital transformation on green investments in Kazakhstan from 2014 to 2022. The analysis is grounded in the Green Digital Transformation Theory, which posits that digital enablers such as high-tech manufacturing, E-participation, Big Data analytics, and ICT infrastructure foster environmentally sustainable business practices. The study employs linear regression modelling to assess the influence of five independent variables reflecting digitalisation on green investment, serving as the dependent variable. The dataset combines indicators from IMD, WIPO, and Kazakhstans Bureau of National Statistics. Before modelling, variables were logarithmically transformed, and internal consistency was verified using Cronbachs alpha, which yielded a coefficient of 0.989, indicating excellent reliability. The results suggest that digital and technological skills (β = 1.88, p = 0.008) and E-participation (β = 1.63, p = 0.023) have a positive and statistically significant effect on green investment, while digital transformation (β =-0.72, p = 0.041) in companies unexpectedly exerts a negative effect. The findings reveal sector-specific trade-offs in digital modernisation and underscore the need for better alignment between digital and sustainability policies in developing economies.

Big Data , digital technologies , e-participation , green business , green investment , ICT costs , Kazakhstan

Text of the article Перейти на текст статьи

Business School, Kazakh British Technical University, Kazakhstan
Department of Business Technologies, Al-Farabi Kazakh National University, Kazakhstan
School of Management, Almaty Management University, Kazakhstan
Faculty of Economics and Business, University of Debrecen, Hungary

Business School
Department of Business Technologies
School of Management
Faculty of Economics and Business

10 лет помогаем публиковать статьи Международный издатель

Книга Публикация научной статьи Волощук 2026 Book Publication of a scientific article 2026