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Digital Contribution To Economic Growth

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  • V. S. Shiplyuk

Abstract

The article is devoted to the analysis of the influence of digital technologies on the transformation of production processes, in order to overcome the slowdown of economic growth and increase productivity. The analysis of dynamics of labor productivity and sources of its growth has been carried out; the conclusion has been made that in the next decade the increase of both labor productivity and economic growth will be provided due to the introduction of digital technologies. The types of digital technologies, which influence different spheres of society life and form the digital economy, are considered. Two approaches to understanding the category of "digital economy" have been identified, its content has been considered and its place in the model of the world economy has been defined. The analysis of indicators characterizing the contribution of digital technologies to economic growth is conducted. It is established that introduction of digital technologies leads to increase of labour productivity, competitiveness and capitalization, improvement of quality of life, formation of new markets, increase of safety and in the end provides economic growth.

Suggested Citation

  • V. S. Shiplyuk, 2020. "Digital Contribution To Economic Growth," Business Strategies, Real Economy Publishing House, vol. 8(12).
    • Handle: RePEc:aci:journl:y:2020:id:701
    DOI: 10.17747/2311-7184-2020-12-343-348
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