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The role of digitalization in the economy

Author

Listed:
  • Arzu Huseynova

    (Ministry of Economy, Economic Research Institute)

  • Huseyn Salimli

    (Azerbaijan Technical University)

Abstract

This study extensively analyzes the role and impacts of digitalization in the economy. Modern global trends show that digital technologies have become the main driving force of economic development. The article defines the concept and scope of the digital economy, reviews the impacts of digitalization on economic growth, productivity, innovation, and competitiveness. The literature review examines the economic impacts of digital transformation based on sources published in leading scientific journals around the world. The empirical part analyzes survey ...

Suggested Citation

  • Arzu Huseynova & Huseyn Salimli, 2025. "The role of digitalization in the economy," The Scientific-Analytical Journal "Economic Reforms", Center for Analysis of Economic Reforms and Communication of the Republic of Azerbaijan, vol. 2025(2), pages 30-50, February.
    • Handle: RePEc:azr:reform:v:2025:y:2025:i:2:p:30-50
    DOI: 10.30546/2790-2196.02.13.2025.3018
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    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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