The digital economy and its impact on countries' economic growth
Keywords:
Digital economy, ICT, growth, digital applications, macroeconomic indicators
Abstract
For digital technologies to have an impact on socio-economic development, appropriate policies must be put in place to encourage the integration of the digital economy into the daily economic life of citizens, and to remove the obstacles that prevent emerging economies from be fully involved in the digital economy and maximize benefits, while minimizing risks. This article present and explain the impact of the digital economy on the macroeconomic growth of nations. We will first discuss direct and indirect contributions, and secondly macroeconomic influences based on growth indicators in developed and developing countries.
References
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3- Autor, D., D. Dorn, L. F. Katz, C. Patterson and J. Van Reenen (2017) Concentrating on the Fall of the Labor Share, Working Paper No. 23108, National Bureau of Economic Research.
4- Baldwin, J. R., and W. Gu (2013). Measuring Multifactor Productivity at Statistics Canada, Research Paper No. 31 in the series "The Canadian Productivity Review", Statistics Canada. Publicationno 15-206-X in the catalog.
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11- World Economic Forum (WEF) (2016c). Digital Transformation of Industries: Automotive Industry, World Economic Forum white paper prepared in collaboration with Accenture.
12- Frey, C. B., and M. A. Osborne (2017). "The Future of Employment: How Susceptible Are Jobs to Computerization? "Technological Forecasting and Social Change, vol. 114, No. C, p. 254-280.
13- Fung, B., and H. Halaburda (2016). Central Bank Digital Currencies: A Framework for Assessing Why and How, Staff Analysis Paper No. 2016-22, Bank of Canada.
14- Fung, B., M. Molico and Gerald Stuber (2014). Electronic Money and Payments: Recent Developments and Issues, Staff Analysis Paper No. 2014-2, Bank of Canada.
15- Gordon, R. J. (2014). The Demise of U.S. Economic Growth: Restatement, Rebuttal, and Reflections, Working Paper No. 19895, National Bureau of Economic Research.
16- Mr. Sand (2015). "Has the Canadian Labor Market Polarized? Canadian Journal of Economics, Vol. 48, No. 2, p. 612-646.
17- Kaplan, G., B. Moll and G. L. Violante (2016). Monetary Policy According to HANK, Working Paper No. 2016/2, Council on Economic Policies.7
18- Lev, B., S. Radhakrishnan and P. C. Evans (2016). Organizational Capital: A CEO's Guide to Measuring and Managing Intangible Enterprise, coll. "Measuring and Managing Organizational Capital Series", No. 1, The Center for Global Enterprise.
19- Poloz, S. S. (2016). From Wood Cutters to IT Professionals: The Expansion of Canada's Service Economy, delivered at the C.D. Howe Institute, Toronto, November 28.
Published
2019-06-03
How to Cite
Bouri , N. (2019). The digital economy and its impact on countries’ economic growth. Journal of Excellence for Economics and Management Research, 3(1), 189-201. https://doi.org/10.34118/jeemr.v3i1.691
Issue
Section
Original Article
