JEL Classifications: O40, O47
THE EFFECTIVENESS OF DIGITAL TECHNOLOGIES AND ECONOMIC GROWTH Author: Tinatin Mshvidobadze
| Published: 2022-05-17
| Pages: 111-114
For Citation: Mshvidobadze, T. (2022). The Effectiveness of Digital Technologies on Economic Growth. Globalization and Business. 13, 111-114. https://doi.org/10.35945/gb.2022.13.016
The article describes the impact of digital technologies on the level of social and economic development of the society, provides a rating of the largest IT companies in terms of the volume of business capitalization. The necessity of digital transformation of the management of the socio-economic development of society and organizations is substantiated. The research used groupings of economic activities that directly influence the development of the digital economy. Using the data of regression models, the coefficients of GDP elasticity from the development of the studied sectors were calculated and used to forecast GDP under the development influence of the studied sectors while maintaining the existing trends. A forecast of GDP growth in Ukraine has been constructed, taking into account the processes of digitalization of the economy in accordance with certain trends. The forecast dynamics of changes in GDP under the influence of the IT sector development until 2023 was also illustrated. The results showed that stimulating the development of information and communication technologies has significant prospects for activating digitalization processes in all spheres of the economy and society and increasing GDP.
Digital Technologies, Digitalization, Economic Growth, Modelling, GDP
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