Digital infrastructure and green energy in export diversification: evidence from post-soviet countries

Export diversification plays a crucial role in today’s global world and world trade. This research is aimed atstudying the impact of digital infrastructure and renewable energy consumption on export diversification in 15 post-Sovietcountries. A fixed-effect regression model and standard errors robust against heteroskedasticity were used through paneldata. The ICT index, renewable energy consumption as a % of total energy consumption, FDI inflows as a % of GDP, andEuropean Union and Eurasian Economic Union memberships are used as independent variables for export diversification.Results have shown that there is a positive and significant relationship between export diversification and digitalinfrastructure. Developing the ICT sphere and making investments in the sector bring new export markets and, of course,diversified exports of products. Also, the statistical significance of renewable energy consumption differs according todifferent econometric models, the renewable energy consumption supports declining export concentration of selectedeconomies. These results show the importance of the integration of digital infrastructure and renewable energy in exportdiversification to the countries and business owners. And, of course, it provides practical and theoretical policies forinnovations and economic integrations.