Digitalisation and Economic Growth in the European Union

Mura, Petru Ovidiu; Donath, Liliana

doi:10.3390/electronics12071718

Cited by 11 publications

(6 citation statements)

References 35 publications

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“…The results confirm the robustness of the relationship, which is supported by the use of DESI as an independent variable. The results of a study examining GDP output show that using DESI as an independent variable confirms the conclusion that digitalization positively influences economic growth [37]. The results of model studies showed that digitalization in the member states of the European Union has a positive effect [53][54][55][56][57] on competition, productivity, and output.…”

Section: Discussionmentioning

confidence: 62%

“…The correlation between DESI and GDP was confirmed by a study examining the situation of digital businesses in Central and Eastern Europe [36]. One study used DESI as an independent variable [37]. The study concludes that digitization positively and significantly affects economic growth, even if several control variables are considered.…”

Section: Literature Reviewmentioning

confidence: 83%

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The relationship between digital development and economic growth in the European Union

Török

2024

IRASE

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Numerous studies have proven that digital development positively affects economic growth. This study aims to confirm or refute the positive impact of digital evolution on economic growth by applying the dimensions of the International Digital Economy and Society Index (I-DESI). The analysis refers to the period 2015–2020 of the European Union member states. The study's novelty is that the I-DESI index has yet to be used in research to investigate the relationship between the digital transition and GDP production. The present study, therefore, goes one step further than the previous typical DESI-GDP models. The research uses Pearson correlation and F-statistic analysis to show the relationship between the variables. The study confirms that digital development has positively impacted the economic growth of EU member states. This result was confirmed by both Pearson and Spearman correlation. However, the results are ambivalent. The empirical results indicate that the more digitally developed member countries had a higher GDP per capita. However, the positive effect is different. The results confirm that the development of digitalization and GDP increased more dynamically in the more digitally developed EU member states than in the less developed member states. Therefore, an increase in the backwardness of the less developed member countries and not a catch-up can be observed in the period under review.

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Section: Discussionmentioning

confidence: 62%

Section: Literature Reviewmentioning

confidence: 83%

The relationship between digital development and economic growth in the European Union

Török

2024

IRASE

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“…The dimensions are logically linked and cannot be separated, but their methodological separation allows the complex social phenomenon of digitalization to be studied. The studies analyzing the digital transformation of national economies also examine these four indicators and the changes in their values [44][45][46][47].…”

Section: Desi Of Digital Literacymentioning

confidence: 99%

“…This study examines the evolution of the DESI indicator and GDP per capita from 2015 to 2021, based on the average values of the European Union and Hungary (Table 3). The studies analyzing the digital transformation of national economies also examine these four indicators and the changes in their values [44][45][46][47].…”

Section: The State Of Digital Transformation In Hungary Based On Desi...mentioning

confidence: 99%

Digital Transformation of Hungary’s Economy between 2015 and 2021: Results and Future Objectives

Török

2024

Sustainability

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Hungary is a member of the European Union (E.U.), so more than three-quarters of its trade relations are with the E.U. Hungary’s strategic objective is to be among the top-ten E.U. member states in digitalization by 2030. This study aims to examine the country’s digitization development and planned digitization programs and, based on these, to predict Hungary’s expected digitization status. This study also attempts to answer whether Hungary is among the ten most digitally developed E.U. member states. We use the K-means clustering method to assess the current state of digitization and different generic methods to determine future development. The results show that Hungary’s digital development is close to the middle level of the E.U. However, future digital development in Hungary will be more dynamic than in the European Union. This more dynamic Hungarian growth is predicted to catch up with the average of the E.U.’s digital development. However, the results of the extrapolation calculations show that the Hungarian goal of Hungary being among the ten most developed digital countries in the E.U. by 2030 is unrealistic.

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“…The recognition of digitalization as a crucial element in tackling pollution has been growing, with researchers and policymakers extensively reviewing its external impact on environmental sustainability (Lee et al, 2023). In their research, Mura and Donath (2023) suggested a positive link between digitalization and economic growth, highlighting the potential for significant contributions toward establishing a sustainable environment. Likewise, Nazari and Musilek (2023) emphasized the anticipated improvements in global energy systems by integrating digital technologies, enhancing reliability, innovation, and sustainability.…”

Section: Introductionmentioning

confidence: 99%

Agricultural productivity‐environmental sustainability nexus through the lens of digitalization and energy intensity in BRICS countries

Hussain

Yin

et al. 2023

Review Development Economics

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The agricultural sector holds paramount implications in the economies of BRICS (Brazil, Russia, India, China, and South Africa) countries. Nevertheless, the escalating effect of climate change shows a significant and alarming threat to the actual environmental conditions required to sustain agricultural production. This study examines the potential contribution of demographic dividends, digitalization, and energy intensity in facilitating the attainment of environmental sustainability and agricultural productivity by BRICS economies from 1996 to 2020. The study first tested cross‐sectional dependence, then unit roots, cointegration, and long‐run elasticities using suitable econometric approaches to explore possible links between the study variables. The empirical results from the long‐run estimators stated that digitalization improves agricultural production and the environment; contrarily, demographic dividend and energy intensity contribute to environmental degradation. Furthermore, the long‐term improvement of agricultural production is supported by demographic dividend, GDP per capita, energy intensity, and digitalization. Also, the study reached a broad inference emphasizing bidirectional causal associations between demographic dividend, energy intensity, GDP per capita, the environment, and agricultural production. In conclusion, the study has identified robust policy options for BRICS economies that can serve as valuable guidance for policymakers in making informed decisions and implementing effective practices.

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Digitalisation and Economic Growth in the European Union

Cited by 11 publications

References 35 publications

The relationship between digital development and economic growth in the European Union

The relationship between digital development and economic growth in the European Union

Digital Transformation of Hungary’s Economy between 2015 and 2021: Results and Future Objectives

Agricultural productivity‐environmental sustainability nexus through the lens of digitalization and energy intensity in BRICS countries

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