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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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    7. Rahman, Md. Mominur & Hossain, Md. Emran, 2025. "Digital dynamics in technology adoption: Exploring socio-economic development through technology and education," Technology in Society, Elsevier, vol. 82(C).
    8. Lingyao Wang & Taofeng Wu & Fangrong Ren, 2025. "Exploring the Role of Digital Economy in Energy Optimization of Manufacturing Industry Under the Constraint of Carbon Reduction? Based on Spatial Panel Threshold Hybrid Model," Energies, MDPI, vol. 18(11), pages 1-26, May.

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