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Economic Growth In The Conditions Of Digitalization In The EU Countries
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2021
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Economic DevelopmentDevelopment EconomicsDigital DivideDigitalization LevelEconomic GrowthDigital TransformationHigh LevelDigital EconomyDigital CapitalEconomicsDigital PlatformsGlobalizationTechnologyMacroeconomicsDigitalizationEu CountriesBusinessArtsDigital Services
The article discusses the dynamics of economic development based on the level of digitalization of the countries. Economic development is evaluated through the dynamics of GDP changes. Digitalization level is evaluated through the Digital Economy and Society Index (DESI), which is calculated on a regular basis by the European Commission. Object of study – 28 EU‑member countries. The hypothesis of the investigation: a high level of digitalization leads to an acceleration of economic growth on national level. This hypothesis did not find any statistically significant confirmation. Thus, we can conclude that the level of the economy digitalization at the present stage of development of technologies and institutions in the EU countries does not have a decisive effect on the rate of economic growth.