| Issue: | 2024 №2 (86) |
| Section: | Economic theory |
| UDK: | 338.28:330.5 |
| DOI: | https://doi.org/10.33271/ebdut/86.067 |
| Article language: | English |
| Pages: | 67-73 |
| Title: | Quantifying the digital economy according to the proposed framework |
| Author: | Mshvidobadze T. I., Gori State University |
| Annotation: | Methods. The article is based on a thorough analysis of data on the development of the digital economy, obtained from experts, researchers and partners specializing in the collection and processing of statistical data. The concept proposed in the article is formed based on both the basic definition of the digital economy and the methodology of measuring its scale basing on the calculation of added value. The digital economy estimation method is based on the use of national accounts and reflects the digital economy in the general context of gross domestic product (GDP). Results. The article examines the role of digital technologies in the socio-economic development of society. The changes that the modern model of interaction between business and society undergoes under the influence of digitalization processes are demonstrated. Special attention is paid to the research of existing systems for measuring the scale of the digital economy. The possibility of applying an approach to the assessment of the digitalization of the economy, which is based on the macroeconomic approach of consumption-output, proposed by W. Leontief, is considered. For its implementation, available data from the system of national accounts were used, namely: information on sixteen economies in Asia, Europe, North America and the Pacific region, including Australia. The study identified digitized sectors around the core perimeter of the digital economy, and predicted that countries with high imports of digital products, as well as industries that are highly dependent on the functioning of core digital sectors, are likely to have lower digital economy scores than others. Novelty. An improved methodological approach to measuring the scale of the digital economy is proposed, which consists in estimating its share in the total GDP of the country based on the calculation of the added value of a set of key digital products created within the national economy. Practical value. The results of the study are relevant to modern global problems, as they form a comprehensive statistical perspective of the review of the development of the digital economy. |
| Keywords: | Digital economy, Measurement framework, GDP, Leontief coefficient, Matrix operations |
| File of the article: | EV20242_067-073.pdf |
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