<i>Retracted:</i> Redistribution of economic resources in the digital society

Lomakina, Oksana; Kookueva, Viktoriya Vladimirovna; Makarenko, A.

doi:10.1111/basr.12220

Cited by 7 publications

(5 citation statements)

References 23 publications

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“…Countries that digitise their production and economic activities can gain substantial economic benefits, also, through the example of Russia. Lomakina et al [52] argue that economic resources in the digital society will be transformed: the role of natural resources will be reduced, the development of renewable resources will be emphasised, and human resources, knowledge, and entrepreneurship will be valued. The finding of Szőllősi et al [53] at the company level indicate that a significant improvement can be achieved in profitability, competitiveness, and reducing negative environmental impacts through the complex application of state-of-the-art technologies, automation, robotics, and digitisation, as well as the necessary expertise acceptable at the national economy level.…”

Section: Literature Reviewmentioning

confidence: 99%

Convergence and the Matthew Effect in the European Union Based on the DESI Index

et al. 2022

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The European Commission (EC) has monitored Member States' digital progress through the Digital Economy and Society Index (DESI) since 2014. The DESI index currently ranks the EU Member States and monitors their progress based on four core and 33 individual indicators. We sought to determine whether convergence between the Member States could be detected using the DESI’s annual databases. By examining the variation in the indices, we propose the existence of a so-called “Matthew effect”, i.e., the “rich get richer” syndrome among the 27 EU Member States. We also hypothesised that the COVID-19 pandemic would influence the change in the DESI. Issues investigated were those using bibliometric, statistical-mathematical methods. The σ-convergence analysis was used to estimate the reduction over time of the differences between the Member States, while the β-convergence analysis was used to estimate the rate of catching up with the initial level of development. A PCA analysis was performed to verify the Mathew effect with additional λ-variances considering real GDP per capita change. The σ-convergence was confirmed over the period 2016–2021. The β-convergence was significantly confirmed, and the research also revealed that the half-life of catching up is approximately 20 years. The suggestion of a Matthew effect in the 2016–2021 period, although not significantly confirmed, tends to suggest its existence. The COVID-19 pandemic’s impact on the value of the DESI index is likely to be affected, but future studies are needed to find support for this hypothesis. The study concludes that convergence between the EU-27 Member States can be detected based on the DESI, but this does not imply convergence for all four core DESI indicators.

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Section: Literature Reviewmentioning

confidence: 99%

Convergence and the Matthew Effect in the European Union Based on the DESI Index

et al. 2022

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“…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: 61%

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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“…The obtained results indicate that innovative and new economies and enterprises develop at an accelerated pace in the EECCA region [30,31]. At the same time, the difficulties in achieving possible effects at the proper level of internationalization necessitate investments and funding for organizations in this field [32].…”

Section: Discussionmentioning

confidence: 86%

Prospects for the Development of Venture Capital as an Economic Institution in Post-Soviet Countries

Kovshova,

Ayulov,

Lomakina

et al. 2024

IJSDP

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The development of venture capital in the post-Soviet countries has features of its historical formation. This field of activity is relatively new in the region, although it has deep roots in the history of such developed economies as the United States, the European Space, and Japan. However, the relevance of the research lies in the study of this phenomenon in the region of Central Europe, Asia, and the Caucasus. The paper aims to assess the benefits, risks, and prospects associated with venture capital in the post-Soviet space. The methods and materials used in the study included statistical material processed with statistical programs (SPSS) and mathematical modeling of forecasting results; calculations of economic indicators (ROE, IRR) and the level and required size of venture capital for business development; and the consideration of hypothetical situational models and the level and number of innovations. The chaotic and unstable development of the economic state of the EECCA countries creates various contradictions. Nevertheless, the study confirms the need for venture capital as a driving factor in the development of these economies. This research also covered such categories as crowdfunding and angel investors at the initial stages, even before venture investment. The results of the study find practical applications in stimulating business organizations that, for various reasons, search for new business methods. Venture organizations encourage entrepreneurs to open new business units to solve existing problems in society and various spheres of its functioning. These also organizations motivate investors to promote innovative enterprises in the developing economies of the studied region.

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Retracted: Redistribution of economic resources in the digital society

Cited by 7 publications

References 23 publications

Convergence and the Matthew Effect in the European Union Based on the DESI Index

Convergence and the Matthew Effect in the European Union Based on the DESI Index

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

Prospects for the Development of Venture Capital as an Economic Institution in Post-Soviet Countries

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