Received: 2021-02-15  |  Accepted: 2021-04-21  |  Published: 2021-06-30

Title

How to evaluate the digital economy scale and potential?


Abstract

Technological progress is synonymous with current and past changes. In the past these changes led to increased efficiency of production. Driving forces behind today’s technological progress are digital technologies. Emergence of digital businesses significantly contributes to a new type of economy, which acquires the adjective digital. Building on the experience gained from the technological advances of past centuries, digital technologies, which make the digital economy by the mass use of them, are and will be an important factor influencing economic growth. Therefore, the aim of this article is to propose the measure of the scale and potential of digital economy. Measurements are realized in the form of composite indicator designed for the policymakers that deal with the creation of strategies for further growth and the direction of national economies. This composite indicator consists of individual indicators related to tree areas – economy, labour and skills, that can be used to determine the scale and the potential of the digital economy. The scale of the digital economy varies across the examined countries. An interesting finding is the fact that the scale of the digital economy is not conditioned by the geographical or economic scale of the state.


Keywords

digital transformation, digital economy, composite indicators, scale of digital economy


JEL classifications

O14 , O33 , O52


URI

http://jssidoi.org/jesi/article/838


DOI


Pages

536-552


Funding

This publication was realized with support of Operational Program Integrated Infrastructure 2014 - 2020 of the project: Innovative Solutions for Propulsion, Power and Safety Components of Transport Vehicles, code ITMS 313011V334, co-financed by the European Regional Development Fund.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Chinoracky, Roman
University of Žilina, Žilina, Slovakia https://www.uniza.sk
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Corejova, Tatiana
University of Žilina, Žilina, Slovakia https://www.uniza.sk
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Journal title

Entrepreneurship and Sustainability Issues

Volume

8


Number

4


Issue date

June 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

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References