THEORETICAL MODELS OF DIGITALIZATION IN INSTITUTIONAL DEVELOPMENT
DOI:
https://doi.org/10.60078/2992-877X-2025-vol3-iss9-pp43-48Abstract
This article analyzes the theoretical models of digitalization in institutional development and their relevance to the financial system. Based on scholarly sources and international experience, it is demonstrated that digital technologies enhance transparency, ensure accountability, reduce transaction costs, and increase economic efficiency in the relations between the state and the private sector. The Technology Acceptance Model, the Diffusion of Innovations Theory, and Institutional Theory are examined as the main approaches to implementing digital solutions. The study also highlights national-level challenges, including insufficient digital infrastructure integration, weak incentive mechanisms for small and medium-sized enterprises, and cybersecurity risks. According to the author’s conclusions, aligning digital technologies with institutional reforms and international standards is a key factor in strengthening the stability of Uzbekistan’s financial system and building public trust.
Keywords:
digitalization, institutional development financial system technology acceptance model diffusion of innovations theoryReferences
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