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Measuring the Digital Economy and Its Applications
Mshvidobadze T. I.

Mshvidobadze, Tinatin Ia. (2024) “Measuring the Digital Economy and Its Applications.” Business Inform 7:190–195.
https://doi.org/10.32983/2222-4459-2024-7-190-195

Section: Information Technologies in the Economy

UDC 34.004

Abstract:
The paper provides an analysis and summary of important data from experts, researchers and statistical partners. The framework proposed in the paper consists of a digital economy measurement method based on value added calculation. The measurement method uses national accounts and reflects the digital economy in the overall context of gross domestic product (GDP). The study shows the identification of relevant digital sectors around the core perimeter of the digital economy. The given results are obtained using the data obtained from the national reports of 16 economies of different regions of the world, according to which the digital economy represents a significant part of the GDP of all the selected economies. Measuring the digital economy in terms of the economy's gross domestic product and the contribution of incremental moderation goes beyond the low-level threshold for assessing its welfare effects on the broader economy. The paper provides a comprehensive statistical perspective on the overview of the development of the digital economy. At this point, the proposed framework for measuring the digital economy tries to focus on the emerging products and industries of the digital age. Frame measures the digital economy's share of GDP attributable to the economy's total GDP, which is accounted for by the contribution of value added to a defined set of key digital products, consistent with the digital economy. The method proposed in the framework makes it extremely flexible, as users can independently obtain the appropriate results for their desired level of analysis. Digital technologies are transforming the way businesses operate and how societies interact.

Keywords: digital economy, measurement framework, GDP, Leontief coefficient, matrix operations.

Fig.: 3. Tabl.: 1. Formulae: 5. Bibl.: 10.

Mshvidobadze Tinatin Ia. – Doctor of Sciences (Engineering), Professor, Gori State Pedagogical University (53 Ilia Chavchavadze Ave., Gori, 1400, Georgia)
Email: [email protected]

List of references in article

Bukht, R., and Heeks, R. “Defining, Conceptualising and Measuring the Digital Economy“. In Development Informatics Working Paper no. 68. Centre for Development Informatics, 2020. DOI: http://dx.doi.org/10.2139/ssrn.3431732
Leontief, W. W. “Quantitative Input and Output Relations in the Economic System of the United States“. Review of Economics and Statistics, no. 18 (1936): 105-125. DOI: https://doi.org/10.2307/1927837
Dynan, K., and Sheiner, L. “GDP as a Measure of Economic Well-Being“. Hutchins Center Working Paper. 2018. https://www.brookings.edu/wp-content/uploads/2018/08/WP43-8.23.18.pdf
Mitchell, B. “PSTN (Public Switched Telephone Network): The History and Current Relevance of Landline Phone Service“. Lifewire. December 13, 2019. https://www.lifewire.com/pstn-public-switched-telephone-network-818168
“Digital Spillover: Measuring the True Impact of the Digital Economy“. Huawei and Oxford Economics. 2021. https://www.huawei.com/minisite/gci/en/digital-spillover/index.html
Capturing the Digital Economy: A Proposed Measurement Framework and Its Applications. A Special Supplement to Key Indicators for Asia and the Pacific. Asian Development Bank, 2021. DOI: http://dx.doi.org/10.22617/FLS210307-3
Ribarsky, J., and Ahmad, N. “Towards a Framework for Measuring the Digital Economy“. 35th IARIW General Conference. Copenhagen, Denmark, 2018. http://old.iariw.org/copenhagen/ribarsky.pdf
Barefoot, K. et al. “Defining and Measuring the Digital Economy“. Bureau of Economic Analysis. Working Paper 3/15/2018. https://www.bea.gov/sites/default/files/papers/defining-and-measuring-the-digital-economy.pdf
Ra, T. The Economics of Input-Output Analysis. Cambridge: Cambridge University Press, 2006. DOI: https://doi.org/10.1017/CBO9780511610783
“The Digital Economy in Germany“. Berlin : Germany Trade and Invest, 2018. https://www.hannovermesse.de/apollo/hannover_messe_2021/obs/Binary/A1089091/fact-sheet-digital-en-data.pdf

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