Economic Development in the Digital Economy Era

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 30 June 2024 | Viewed by 6582

Special Issue Editor

Special Issue Information

Dear Colleagues,

Data from the Global Digital Economy Conference show that in the year 2021, the added value of the digital economy in 47 major countries in the worlds reached 38.1 trillion U.S. dollars, a year-on-year increase of 15.6%. In total, this accounted for 45% of the total GDP of these countries. It is more noteworthy that the scale of the digital economy in developed countries has reached 27.6 trillion US dollars, accounting for 72.5% of the total GDP in 47 countries. Meanwhile, the proportion of the digital economy in developed countries to GDP has reached 55.7%, far exceeding the level of 29.8% in reached developing countries.

At the same time, the development gap between different countries in the era of digital economy is increasing day by day. Developed countries have unique advantages in the use of advanced technologies such as robotics, artificial intelligence, industrial Internet, Internet of things, big data, and block chain, further widening the development gap with developing countries. Hence, the phenomenon of the "Digital Divide" is getting worse.

In light of this, we are organizing this Special Issue to explore new issues and challenges to economic growth brought by the development of the global digital economy to different countries. We hope that the academic community can conduct an in-depth analysis routes via which countries can achieve their own economic development more effectively in the digital economy era, improve the welfare of their people, further narrow the gap between the rich and the poor, and achieve balanced development of the national economy. At the same time, this Special Issue will also focus on how economic policies in the traditional sense will be changed in the digital economy era, how different countries use various economic policies to promote the balanced development of the national economy, how developing countries narrow the development gap with developed countries in the era of digital economy, alongside discussions of other related issues.

Submissions for this Special Issue can discuss, but are not limited, to the following topics:

  • Changes in the connotation of economic development in the digital economy era;
  • How to use digital technology to promote economic development;
  • How to narrow or even eliminate the "digital divide";
  • New features of economic policy in the digital economy era;
  • How developing countries can narrow the development gap with developed countries in the era of digital economy.

Dr. Weixin Yang
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1800 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • digital economy
  • economic development
  • economic policy
  • economic growth
  • welfare
  • digital technology

Published Papers (3 papers)

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34 pages, 673 KiB  
Article
Does Urban Digital Construction Promote Economic Growth? Evidence from China
by Weixin Yang, Chen Zhu and Yunpeng Yang
Economies 2024, 12(3), 59; https://0-doi-org.brum.beds.ac.uk/10.3390/economies12030059 - 29 Feb 2024
Viewed by 1124
Abstract
In order to explore the causal relationship between the level of urban digital construction and urban economic growth, this paper takes 280 cities in China as the research object and constructs a comprehensive indicator evaluation system covering digital infrastructure, overall economic level, innovation [...] Read more.
In order to explore the causal relationship between the level of urban digital construction and urban economic growth, this paper takes 280 cities in China as the research object and constructs a comprehensive indicator evaluation system covering digital infrastructure, overall economic level, innovation development level, digital industry development status, and ecological environment conditions. Using the entropy method to weigh various indicators, this paper has obtained the evaluation results of the digital construction level of each city from 2011 to 2021. Furthermore, a panel data regression model is used to empirically analyze the impact of urban digital construction level on urban economic growth. The results show that for every 1% increase in the level of urban digital construction, the GDP will increase by 0.974. Through the above research, we hope to further enrich the theoretical and empirical research in the field of the digital economy, provide a scientific and reasonable method for quantitatively evaluating the level of urban digital construction, and provide decision-making references for improving the level of urban digital construction and promoting sustainable urban development. Full article
(This article belongs to the Special Issue Economic Development in the Digital Economy Era)
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16 pages, 359 KiB  
Article
Impact of Digitalization of Sales on the Profitability of the Restaurant Industry during COVID-19
by Mónica González Morales and José Antonio Cavero Rubio
Economies 2023, 11(11), 283; https://0-doi-org.brum.beds.ac.uk/10.3390/economies11110283 - 16 Nov 2023
Cited by 1 | Viewed by 2812
Abstract
The COVID-19 pandemic had a severe impact on the restaurant industry. Temporary shutdowns and seating capacity restrictions led to a sharp drop in sales. In this scenario, digitalization emerged as a crucial strategy for business survival, offering opportunities to increase restaurants’ competitiveness and [...] Read more.
The COVID-19 pandemic had a severe impact on the restaurant industry. Temporary shutdowns and seating capacity restrictions led to a sharp drop in sales. In this scenario, digitalization emerged as a crucial strategy for business survival, offering opportunities to increase restaurants’ competitiveness and revenues. This study examines the financial profitability of restaurants during 2020, comparing establishments with digital sales tools to those without. Multiple linear regression results indicate that liquidity, sales growth, restaurant size, and having a website directly influenced profitability. In addition, restaurants with their own online ordering and home delivery services or associated with delivery platforms experienced lower profitability losses. These findings contribute to our understanding of the role of digitalization in the restaurant sector during the pandemic, providing valuable practical and theoretical implications for the industry in similar contexts. Full article
(This article belongs to the Special Issue Economic Development in the Digital Economy Era)

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14 pages, 2186 KiB  
Perspective
Dynamics of Bilateral Digital Trade: The Case of a Korea–EU Digital Partnership
by Irina Korgun and Altin Hoti
Economies 2023, 11(10), 248; https://0-doi-org.brum.beds.ac.uk/10.3390/economies11100248 - 08 Oct 2023
Cited by 1 | Viewed by 1687
Abstract
The rapid growth of digital trade has had a profound impact on global economies, revolutionizing trading practices and facilitating trade expansion. The purpose of this paper is to explore the digital partnership between Korea and the European Union (EU) and its implications for [...] Read more.
The rapid growth of digital trade has had a profound impact on global economies, revolutionizing trading practices and facilitating trade expansion. The purpose of this paper is to explore the digital partnership between Korea and the European Union (EU) and its implications for their shared agenda in digital trade to theorize the dynamics of digital trade. A case study method is used to explore trade between Korea and the EU with in-depth descriptive analysis. Digital trade-flow statistics were analyzed to develop the case for Korea and EU digital trade and derive implications for both countries. The findings were generalized by discussing the relevant literature and data from other countries to identify the wider implications. The analysis was focused on the areas of information and communication technology and e-commerce. The findings suggest uncovered trade imbalances, such as Korea’s surplus of ICT goods exports and the EU’s dominant position in online trade. There is an influence of supply chain dynamics, specifically the presence of Korean manufacturers’ production units in countries like Vietnam, and the same dynamics have shaped Korea’s actual place in the supply of ICT goods to the European market. While the digital partnership was established to align regulatory frameworks and foster trust, transparency, and harmonization in the digital domain, it has failed to adequately reflect the importance of digital trade. Although both sides are motivated to collaborate on the harmonization of digital trade rules, there have been instances where the partners’ interests diverge. It is concluded that some political and economic factors may hinder the effectiveness of the digital partnership, unless concrete measures that go beyond traditional bilateral policymaking approaches are implemented. It is therefore recommended to emphasize the need to enhance the efficacy of the digital partnership by taking bolder actions to develop digital trade. Full article
(This article belongs to the Special Issue Economic Development in the Digital Economy Era)
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