Digital Transformation and Its Influence on GDP

Author:

Mićić Ljubiša1

Affiliation:

1. University of Banja Luka, Faculty of Economics, Banja Luka , Bosna i Hercegovina

Abstract

Summary Digital transformation as integration of digital technology into business results in fundamental changes of way world does business, communicate and develops on national and international level. There is increase of high-tech public spending which is connected with increase of need for high-tech as well as importance and benefits that it brings to development of economy. This so called digital or high-tech sector is one of the strategic sectors in the leading world economies, starting from the US and the European Union. EU recognized it in strategic document “Europe 2020” which sees this sector as key factor in smart growth based on tech knowledge and innovation. Europe, especially western and northern Europe, is trying to keep its competitiveness in global tech arena with USA and fast developing countries such as China and India as well as Asian tech giants such are Japan, South Korea and Singapore. There is increase of European countries investment in digital transformation through private and public ICT sector development which usually has positive impact on economic growth as well as key indicators such are GDP, productivity and employment. This paper provides basic review of digital transformation and high-tech sector in Europe as well as comparison between EU and Western Balkan countries. Additionally, there is analysis of influence of ICT spending on GDP growth. Paper could serve as basic for further research in area of influence of tech investment on key macroeconomics indicators.

Publisher

Walter de Gruyter GmbH

Reference21 articles.

1. 1. Albers, R. M. (2006). From James Watt to Wired Networks: Technology and Productivity in the Long Run in Mas. Growth, Capital and New Technologies.

2. 2. ATOMICO. (2016, January). http://www.atomico.com. Preuzeto sa State of European Tech 2016: http://www.atomico.com/news/the-state-of-european-tech-2016

3. 3. Bitkom Research. (2015). EITO ICT Market Report 2014/15 Update. Bitkom.

4. 4. Daveri, F. (2000). Is Growth an ICT-story in Europe too? IGIER, 168.

5. 5. Dedrick, J., Gurbaxani, V., & Kraemer, K. (2003). Information technology and economic performance: A critical review of the empirical evidence. ACM Computing Surveys 35, 1-28.10.1145/641865.641866

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3