Digital Economy Development as an Important Factor for the Country’s Economic Growth

Niyazbekova, Shakizada; Moldashbayeva, Luiza; Zhumatayeva, Bakhytzhamal; Mezentseva, Tatiana M.; Shirshova, Larisa

doi:10.1007/978-3-030-56433-9_38

Cited by 30 publications

(9 citation statements)

References 10 publications

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“…For the effective functioning of the stock market in the country, there must be a favorable macroeconomic situation. Moreover, it was revealed during the research that the higher the level of monetization, the greater the capitalization of the stock market (Financial Conduct Authority 2020; Kurmankulova et al 2021;Maisigova et al 2021;Moldashbayeva et al 2021;Patashkova et al 2021). The tax burden should be a sufficient amount of financial resources and incentives for investment to remain at the disposal of the business.…”

Section: Discussionmentioning

confidence: 99%

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

Burkaltseva

Niyazbekova

Borsch

et al. 2021

JRFM

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The development of a methodology for the growth of the stock market through a deep transformation of the economic development system and introduction of digital technologies. The article is devoted to the study of the development of stock markets’ actual problems that affect the redistribution of capital between sectors of the economy by using tools and mechanisms between the financial and stock markets. The purpose of the study is to improve the regulatory segment of the stock market in order to further develop stock exchanges, integrate them into the global economic system, and attract investment in the economy. To achieve the goal, the following tasks were performed: the development of the London Stock Exchange was analyzed and the profit growth was determined; a comparative capitalization of the main stock instruments was carried out; internal factors of influence on the stock market were determined. The problem of the international stock market in all countries with emerging markets, first of all, lies in the improvement of the institutional environment, which is a prerequisite for the stability of the stock market. To analyze the development of stock markets, natural technical sciences were used to identify objective patterns, and determine the state and motives, using various methods and techniques: logic, generalizations, specific methods of cognition, comparison, and graphics. In the development of the stock market, the economy establishes certain natural actions in the real sector of the economy through a regulatory system of measures, and the needs of investments in the real sector of the economy, methods, and tools are used to achieve the desired results. Statistical, analytical, and dynamic methods were used. The essential foundations of the importance of stock markets and the economy are revealed; we discuss the penetration of knowledge and the conduction of a deep transformation through the introduction of digital technologies in all spheres of the economy, including the transformation of the development of the stock and financial markets nowadays. Results. The assessment of the state of securities markets in developed and developing countries is made on the example of the largest stock exchanges in Brazil and the United Kingdom. The features of the effective functioning of stock markets are revealed. The hypothesis is put forward about the insufficiency of research on the stock market of developed and developing countries and the mechanisms used having an insufficient impact on the development of the economy. From this point of view, an analysis of the dynamics of the current state of the issuers’ number and the dynamics of profitability of developed markets is carried out, the comparative capitalization volumes of the stock markets of Great Britain and Brazil are evaluated, and the weaknesses of their functioning are identified. Conclusions. The conducted research shows that countries, where stock markets are successfully functioning and developing, are catalysts for economic development and the accumulation of funds. Each country applies models of stock market development and a strategy for its regulation in accordance with the concept of a functioning market and its maturity.

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Section: Discussionmentioning

confidence: 99%

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

Burkaltseva

Niyazbekova

Borsch

et al. 2021

JRFM

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“…For the past few years, the expansion of the digital economy has been crucial to a country's economic progress (Niyazbekova et al, 2021), and one dimension of its influence on economic growth may be the improvement of the economy's TFP. However, some literature notes that technological progress brought by digital economy development does not necessarily improve TFP from the perspective of appropriate technology.…”

Section: Literature Reviewmentioning

confidence: 99%

How Can Digital Economy Development Empower High-Quality Economic Development?

Chen

Lan

et al. 2023

Technological and Economic Development of Economy

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The role of the digital economy in economic transformation is increasingly prominent. This paper empirically examines how the digital economy affects TFP and its mechanism using Chinese provincial panel data. The results show that the impact of the digital economy on regional TFP is U-shaped. Further studies show that digital economy development may improve regional TFP through two channels: stimulating innovation and promoting entrepreneurship. In addition, we also discuss the role of active government, effective market, and high-level judicial protection in digital economic policies improving economic growth. Based on our research results, we put forward some policy recommendations.

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“…The digital economy promotes economic growth by enriching factor sources, improving the factor allocation efficiency and capital deepening effects [3], and improving the total factor productivity through technological innovation and diffusion effects, which promotes the high-quality economic development in China [4]. Further, the digital economy development has been shown to play a positive role in international trade, to foster economic growth in Africa [5]. Moreover, the digital economy development is also becoming a new driver of economic growth in Thailand; however, digital technologies have yet to be fully utilized there and much room for improvement remains [6].…”

Section: Literature Review 21 Digital Economy Developmentmentioning

confidence: 99%

Digital Economy Development and Green Economic Efficiency: Evidence from Province-Level Empirical Data in China

Kong

2022

Sustainability

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The digital economy development promotes green transformation in China’s economy. Based on provincial-level data from 2011–2019, an ArcGIS spatial analysis is used to explore the spatial and temporal evolution patterns of the digital economy development and green economic efficiency. The digital economy development’s impact on the green economic efficiency is tested through fixed effect, mediation effect, and spatial Durbin models. The digital economy development and green economic efficiency increased during the study period. Spatial patterns of high-level areas spread to form “clusters” with surrounding areas. The digital economy development’s catalytic effect on the green economic efficiency holds after robustness and endogeneity tests. A heterogeneity analysis shows that the digital economy development promotes the green economic efficiency in the eastern and central regions; the impact on the western region is non-significant. Compared with industry digitalization, digital industrialization has a stronger promoting effect on the green economic efficiency. The digital economy development better facilitates the green economic efficiency in regions with high digital economy development levels and Big Data experimental areas. The digital economy development promotes green economic efficiency through human capital, industrial structure upgrading, and technological innovation; industrial structure upgrading has a stronger mediating effect, reaching 40%. The digital economy development facilitates the regional green economic efficiency and significantly promotes green economic efficiency in neighboring regions through spatial spillover effects.

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Digital Economy Development as an Important Factor for the Country’s Economic Growth

Cited by 30 publications

References 10 publications

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

Methodological Foundations of the Risk of the Stock Markets of Developed and Developing Countries in the Conditions of the Crisis

How Can Digital Economy Development Empower High-Quality Economic Development?

Digital Economy Development and Green Economic Efficiency: Evidence from Province-Level Empirical Data in China

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