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Digital transformation and socio-economic development in emerging economies: A multinational analysis

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  • David, Lemuel Kenneth
  • Wang, Jianling
  • Brooks, William
  • Angel, Vanessa

Abstract

While digital technologies have the potential to significantly boost socio-economic development, their impact varies across emerging economies. This study investigates the influence of internet and mobile penetration on economic growth and human development indices in 30 emerging economies from 2008 to 2023. Using advanced econometric models, structural equation modeling (SEM), and data envelopment analysis (DEA), the research offers a detailed analysis of digital transformation's role in these regions. Case studies from Ghana, Indonesia, and Venezuela provide contextual insights, highlighting the importance of robust digital governance. The results indicate a strong correlation between digital penetration and GDP growth, contingent on effective governance structures. The study concludes with key policy recommendations to enhance digital infrastructure and governance for sustainable development.

Suggested Citation

  • David, Lemuel Kenneth & Wang, Jianling & Brooks, William & Angel, Vanessa, 2025. "Digital transformation and socio-economic development in emerging economies: A multinational analysis," Technology in Society, Elsevier, vol. 81(C).
    • Handle: RePEc:eee:teinso:v:81:y:2025:i:c:s0160791x25000247
    DOI: 10.1016/j.techsoc.2025.102834
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    References listed on IDEAS

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    5. Qi, Limuge & Yang, Lan & Ta, Mier, 2025. "The impact of digital economy on regional resource allocation efficiency: an analysis based on resource flow speed and direction," Finance Research Letters, Elsevier, vol. 82(C).
    6. Boateng, Seth Acquah & Jiancheng, Xi & Karikari, Frank Agyemang & Sackitey, Gabriel Mordzifa & Moro, Kamal Deen, 2025. "Resource dependencies, market concentration, trade barriers and green technology deployment: A comparative analysis of solar, wind, and hydropower installation patterns," Renewable Energy, Elsevier, vol. 255(C).
    7. Chotia, Varun & Khoualdi, Kamel & Broccardo, Laura & Yaqub, Muhammad Zafar, 2025. "The role of cyber security and digital transformation in gaining competitive advantage through Strategic Management Accounting," Technology in Society, Elsevier, vol. 81(C).

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