scholarly journals DEVELOPMENT AND PERSPECTIVES OF DIGITAL ECONOMY IN THE REPUBLIC OF SERBIA

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Petar Veselinović ◽  
Nenad Stanišić
Keyword(s):  
Economic Growth ◽  
Labour Productivity ◽  
Digital Economy ◽  
Essential Factor ◽  
New Business ◽  
Digital Development ◽  
Information And Communication ◽  
The Republic ◽  
Internet Revolution ◽  
The Relationship

The Internet revolution is driving new advances in the digital economy. The new economy must harmonize traditional and modern approaches to the economy in order to respond to the challenge of managing the country based on monitoring technological change and innovation. The digital economy is considered to be the key to solving a large number of social, economic, and other problems in society, as well as to achieving sustainable development and economic growth of the national economy. The evolution of information and communication technology on which the digital economy is based is an essential factor in ensuring labour productivity and economic growth. The main goal of this paper is to present the digital economy in the Republic of Serbia as a possible chance and opportunity for the realization of which it is necessary to establish a new business model, as well as to determine the relationship between the achieved level of digital development and economic development.

scholarly journals Information and Communication Technology (ICT) and Economic Growth in ASEAN-5 Countries

2020 ◽  
Vol 10 (2) ◽  
pp. 20
Author(s):  
Amy Huong Yong Jing ◽  
Rossazana Ab-Rahim
Keyword(s):  
Economic Growth ◽  
Digital Economy ◽  
Dynamic Panel Data ◽  
Telephone Line ◽  
Panel Data Estimation ◽  
Mobile Cellular ◽  
Information And Communication ◽  
Ict Infrastructure ◽  
The Relationship ◽  
Data Estimation

Digital economy generally refers to a digital technology-based economy. The embrace of digital economy is transforming a nation's economic growth. Countries blessed with successful digitisation will improve their economic performance; hence, it could increase country's GDP growth. In this respect, ASEAN-5 countries becoming a major economic force driver in Asia as well as to the global growth. The goal of this research is therefore to investigate the relationship between ICT and economic growth in the ASEAN-5 countries over the 2003 to 2018 study period. Using static and dynamic panel data estimation, results shows that fixed telephone line subscription has the greatest impact on ICT on economic growth. The findings suggest countries shall focus on the innovation of ICT especially on the mobile-cellular telephone subscription and fixed telephone line subscription to achieve economic growth. Investments in ICT infrastructure foster co-operation in ICT technology as well as advancing ICT particularly on the rise in jobs in the ICT sector, transforming government services into digital form to enhance economic growth in the country.

The role of digital economy in China's sustainable development in a post-pandemic environment

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Malin Song ◽  
Chenbin Zheng ◽  
Jiangquan Wang
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Supply Chain ◽  
Social Development ◽  
Environmental Protection ◽  
Digital Economy ◽  
Series Data ◽  
Content Type ◽  
The Relationship

PurposeThe COVID-19 pandemic is still raging, which calls for an exploration of how to prevent and control pandemics to promote sustainable development. The purpose of this paper is to examine the role of the digital economy in sustainable development, the relationship between the two, the impacts of the outbreak on economic and social development, and changes in China's digital economy.Design/methodology/approachThe study used the time-series data from 2002 to 2019 and an unconstrained VAR model to examine the relationship between the digital economy and sustainable development before the pandemic.FindingsChina's digital economy has promoted the country's sustainable economic and social development; it has advanced rapid economic growth, improved people's living standards, increased efficient utilization of resources, and strengthened environmental protection.Research limitations/implicationsAmid the pandemic, China's digital economy developed effectively; it showed strong resilience because of its unique advantages. The digital economy in China has helped the country to control the pandemic in a short period, reduced the risk of supply chain disruption, promoted China's economic growth, and ensured the orderly operation of society. Therefore, countries worldwide are encouraged to prioritize their digital economies.Originality/valueCompared with the extant literature, this study explores the sustainable supply chain in a broader sense in the context of a pandemic, and how the supply chain is influenced by the digital economy. It not only includes the stability, resilience, and viability of the supply chain in economic development but also involves aspects of people's life, resource utilization, and environmental protection.

Structural Change and Economic Growth across Major States of India

2018 ◽  
Vol 9 (2) ◽  
pp. 162-182
Author(s):  
Monica Thind ◽  
Lakhwinder Singh
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Productivity Growth ◽  
Development Process ◽  
Structural Changes ◽  
Labour Productivity ◽  
High Productivity ◽  
Labour Productivity Growth ◽  
Potential Source ◽  
The Relationship

The structural change in an economy is an important feature of the economic development process. Structural change becomes a potential source of growth in an economy as it induces reallocation of labour from low-productivity to high-productivity sectors, thus leading to fuller and better utilization of overall resources. This article studies the relationship between structural change and growth in 15 major states of India over the 30-year period from 1983–1984 to 2014–2015. The study aims at discovering whether structural changes have contributed to economic growth of these states or otherwise. This is achieved by decomposing the overall labour productivity growth of states into contribution by structural change and within sector change. The results show that in all the states under study structural changes have contributed positively to growth; however, contribution of within sector changes is found to be much more than structural change in all states except Maharashtra.

scholarly journals Revisiting the Nexus between Digital Economy and Economic Prosperity: Evidence from a Comparative Analysis

2021 ◽  
Vol 9 (2) ◽  
pp. 69-90
Author(s):  
Nidhal Mgadmi ◽  
Wajdi Moussa ◽  
Azza Béjaoui ◽  
Tarek Sadraoui ◽  
Afef Guachaoui
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Digital Technologies ◽  
Communication Technologies ◽  
Digital Economy ◽  
Economic Prosperity ◽  
Information And Communication ◽  
Short And Long Term ◽  
New Institutions

In this paper, we try to investigate the contribution of digitalization on economic growth in both developed and developing countries over the period 1990-2020. For this end, different econometric tools are applied on a panel dataset. Overall, we show that the digital technologies seem to significantly and positively affect economic growth in both groups of countries. The digitalization impact level tends to differ across countries. Our empirical results also display that the short- and long-term relationship between information and communication technologies and economic growth is well documented. Such results can be useful for policymakers to enhance the digital economy and provide novel channels to develop adequate policies and promote new institutions. So, benefits from digitalization can lead to realize substantial economic growth.

scholarly journals DIGITAL ECONOMICS RUSSIAN FEDERATION AND REPUBLIC OF KAZAKHSTAN

2020 ◽  
Vol 3 (33) ◽  
pp. 47-56
Author(s):  
Yu.A. Pavlova ◽  
◽  
N.K. Izteleuova ◽  
V.V. Shabanova ◽  
N.I. Galiullina ◽  
...  
Keyword(s):  
Information And Communication Technologies ◽  
Russian Federation ◽  
Digital Economy ◽  
Digital Transformation ◽  
The State ◽  
Clear Understanding ◽  
Information And Communication ◽  
The Russian Federation ◽  
The Creation ◽  
The Republic

The article analyzes trends in the development of digitalization of the economy of the Russian Federation and the Republic of Kazakhstan; reveals the regional aspect of the state of digital transformation of the Russian economy; examines the correlation of the digital economy of the Russian Federation and the Republic of Kazakhstan. Digital transformation of the economy, and in particular the bilateral cooperation plan between the Ministry of industry and trade of the Russian Federation and the Ministry digital development, defense and aerospace industry of Kazakhstan in the field of industrial and scientific-technical cooperation, promotes more effective engagement of countries in all regions. In the sphere of building a digital economy, cooperation between countries can have an emergent effect. An important component of the transition to the digital economy is the exchange of experience and accumulated knowledge at the interstate level. Russia and Kazakhstan, as strategic partners, have many points of contact in the field of digital economy. The authors noted the need for an integrated approach to the digital economy development in Russia and Kazakhstan, both at the microeconomic and at the macroeconomic level, the features of the digital economy in the Russian Federation and the Republic of Kazakhstan, the basic characteristics of the directions of the state support in the field of digital economy, as well as the criteria of selection of projects, explored the actors involved in the creation of the digital economy, able to organize meetings of various institutions, ready to implement advanced information and communication solutions in various spheres of life. The paper analyzes the areas of cooperation between the Russian Federation and the Republic of Kazakhstan on the development of information and digital technologies. Both in Russia and Kazakhstan, serious work is being done in the field of digitalization, programs have been adopted at the state level, and detailed schemes for moving the economy into a digital future are being developed. The creation of infrastructure for the digital economy implies a constant exchange of experience, the creation of a common digital agenda, to ensure technological compatibility of the two countries' actions. Digital transformation requires people who have a clear understanding of how to integrate new digital methods and processes into existing ways of working. Key words: digital economy, e-management, digital players, Russia, Kazakhstan, transactions, information, technology, infrastructure, digitalization, Internet commerce, digital revolution, big data, technological innovation, innovation industry, information and communication technologies.

scholarly journals Digitalization of the economy in the geography of the Republic of Uzbekistan

2021 ◽  
Vol 244 ◽  
pp. 10044
Author(s):  
Madina A Raimjanova ◽  
Dildora Kh Shadiyeva ◽  
Laziz S Zoyirov ◽  
Rasulbek B Saidov ◽  
Mavluda T Askarova
Keyword(s):  
Information And Communication Technologies ◽  
Communication Technologies ◽  
Digital Economy ◽  
Special Role ◽  
Growth Trend ◽  
The World ◽  
Information And Communication ◽  
The Republic ◽  
The Government

The article is devoted to an overview of the development and state of the digital economy of the Republic of Uzbekistan and the world as a whole. In particular, the role of information and communication technologies in enhancing the economic growth of countries and facilitating access to public services is being examined. The main components that stimulate the development of the country’s digital economy (investments in information and communication technologies and their development, digital infrastructure, e-government) are revealed. When studying the material, the methods of analysis, observation, grouping, comparison of world experience in the development of information and communication technologies, and the digitization of the economy were used. A review of the main world ratings that are significant in the development of the digital economy is carried out and the place of the Republic of Uzbekistan in the ratings is revealed, a growth trend is noted. The analysis of the prospects of digital technologies in the Republic of Uzbekistan is carried out, the special role of the documents issued by the government on the development of the digital economy, as well as the organizations created that allow making innovative proposals, is noted. Based on the results of the study of the material, recommendations were made for improving the state of the digital economy in the country and in the world as a whole. These recommendations are also reflected in the regulatory documents on regulating the digitalization of the economy of the Republic of Uzbekistan.

scholarly journals The Impact of ICT and FDI as Drivers to Economic Growth In ASEAN-8 Countries: A Panel Regression Analysis

2021 ◽  
Vol 9 ◽  
pp. 91-98
Author(s):  
Noraina Mazuin Sapuan ◽  
Mohammad Rahmdzey Roly
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regression Analysis ◽  
Panel Regression ◽  
Information And Communication ◽  
Asean Countries ◽  
Using Data ◽  
The Impact ◽  
The Relationship ◽  
Positive Effect

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this technology is demonstrated by the rapid proliferation of the Internet, mobile phones and cellular networks across the globe. However, among economic scholars, the question of exactly how the spread of ICT affects economic development and FDI, especially in ASEAN countries with differences in levels of income, remains unanswered. The aim of this study was essentially to explore the relationship between ICT dissemination, FDI and economic growth in ASEAN-8 countries. By using data from 2003 to 2017, the panel regression analysis was used to evaluate these relationships. The results showed that the dissemination of ICT and FDI are important and they have a positive effect on the ASEAN-8 countries’ economic development.

A Time Series Analysis of International ICT Spillover

2011 ◽  
pp. 373-386
Author(s):  
Juan Juan Zhang ◽  
Sang-Yong Tom Lee
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Time Series Analysis ◽  
Total Factor Productivity ◽  
Communication Technology ◽  
Factor Productivity ◽  
Series Analysis ◽  
Information And Communication ◽  
The Relationship

This article studies the role of international spillover of information and communication technology (ICT) in economic growth. We examine the performance of ten countries from 1982 to 1999. By empirically analyzing the relationship between total factor productivity (TFP) and domestic and foreign ICT investment with time series analysis tools, we find limited evidence that there exist international ICT spillovers for a group of countries. Further, we discuss the possible ICT policies to improve productivity and balance out a win-win situation for both ICT spillover sending and receiving countries.

CURRENT TRENDS OF DIGITALIZATION OF THE ECONOMY: PROBLEMS AND PROSPECTS OF DEVELOPMENT

2017 ◽  
Author(s):  
Nataliia Havrylenko ◽  
◽  
Iryna Tarasenko ◽  
Keyword(s):  
Information And Communication Technologies ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Influential Factors ◽  
Global Trends ◽  
Global Era ◽  
New Business ◽  
Information And Communication ◽  
Visualization Of Data

The article is described the issue of «digital economy» and highlights its role in modern economic and social development of society, in particular the ability to implement simultaneous management of all sectors of the economy; the level of formation of the digital economy in Ukraine, the main threats and opportunities of digitalization and the readiness of Ukraine to introduce and using digital technologies are studied. Analyzing the current state of Ukraine's economy and global trends in the field of digital transformation, digitalization of all sectors of the economy should become a priority for the state. The main prerequisites for the formation of the global era of digital economy are information and communication technologies, which are one of the most influential factors in economic growth and welfare. Nowadays, Ukraine is one of the European country that does not have a sufficient digital resource of its own. In recent years, Ukraine is actively forming information infrastructure as an integrated set of computers and communications equipment, telecommunications networks, databases, information technology, information and analytical centers of various levels, which aims to ensure the effect of innovative economic development. Digitization processes are extremely important for the Ukrainian economy. The digitalization is a modern stage in the development of informatization, the characteristics of which are the predominance of digital technologies for the collection, processing, transmission, storage and visualization of data. The article identifies the relationship between Internet availability and the development of the digital economy, as well as identifies the main type of Internet that affects the level of digitalization of the national economy and its quality. Analyzing the trends of the digital economy in Ukraine, it should be considered as the economy of new business processes and new markets that provide a competitive offer using the latest ICT.

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