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Digital Leadership in the Economies of the G20 Countries: A Secondary Research

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  • Afriyadi Cahyadi

    (Institute of Economics, Hungarian University of Agriculture and Life Sciences, Páter Karoly u.1., H-2100 Gödöllő, Hungary
    Faculty of Economics, Sriwijaya University, Jl. Raya Palembang-Prabumulih Km. 32, Indralaya 30662, Indonesia)

  • Róbert Magda

    (Institute of Economics, Hungarian University of Agriculture and Life Sciences, Páter Karoly u.1., H-2100 Gödöllő, Hungary
    Vanderbijlpark Campus, North-West University, Vanderbijlpark 1900, South Africa)

Abstract

Digitalization in leadership practice requires broader research. Today’s economic leaders must be in line with the global mindset in supporting a culture of innovation. The purpose of this study is to investigate the digital leadership capabilities of the G20 countries in terms of digital readiness, innovation, and competitiveness 4.0 and to determine the relationship between these variables. The global digital readiness index 2019 (Cisco 2020) was utilized to obtain data on digital readiness (X), the global innovation index (Cornell University et al. 2019) was applied for the data collection on innovation (Y1), and the global competitiveness 4.0 index (WEF 2019) was used to obtain data on competitiveness 4.0 (Y2). All data were cross-sectional for the year 2019. Digital readiness consists of basic needs, human resources, ease of doing business, business and government investment, start-up environment, technology infrastructure, and technology adoption. The components of innovation are institutions, human capital and research, infrastructure, market sophistication, business sophistication, knowledge and technology outputs, and creative outputs. Competitiveness 4.0 is about institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism, and innovation capability. We found that G20 countries had the digital leadership capability in digital readiness, innovation, and competitiveness 4.0. The G20 countries were leaders in global digitalization. Some of them were consistent in digital readiness and innovation. Some were consistent in digital readiness and competitiveness 4.0, and some others were consistent in their 4.0 innovation and competitiveness 4.0. Digital readiness, innovation, and competitiveness 4.0 positively related to each other.

Suggested Citation

  • Afriyadi Cahyadi & Róbert Magda, 2021. "Digital Leadership in the Economies of the G20 Countries: A Secondary Research," Economies, MDPI, vol. 9(1), pages 1-15, March.
    • Handle: RePEc:gam:jecomi:v:9:y:2021:i:1:p:32-:d:512482
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    References listed on IDEAS

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    2. Farida M. Issatayeva & Gulnara M. Aubakirova & Aliya D. Maussymbayeva & Lyussiya I. Togaibayeva & Valery V. Biryukov & Elena Vechkinzova, 2023. "Fuel and Energy Complex of Kazakhstan: Geological and Economic Assessment of Enterprises in the Context of Digital Transformation," Energies, MDPI, vol. 16(16), pages 1-23, August.
    3. Marti, Luisa & Puertas, Rosa, 2023. "Analysis of European competitiveness based on its innovative capacity and digitalization level," Technology in Society, Elsevier, vol. 72(C).
    4. Turgut Karakose & Ibrahim Kocabas & Ramazan Yirci & Stamatios Papadakis & Tuncay Yavuz Ozdemir & Murat Demirkol, 2022. "The Development and Evolution of Digital Leadership: A Bibliometric Mapping Approach-Based Study," Sustainability, MDPI, vol. 14(23), pages 1-26, December.
    5. Suryawijaya, Tito Wira Eka & Priono, Samuel Adi & Ingsih, Kusni, 2022. "G20: Vehicle for Indonesia's Economic Recovery," OSF Preprints 8cvjp, Center for Open Science.

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    More about this item

    Keywords

    digital leadership; digital readiness; innovation; competitiveness 4.0; G20; secondary research;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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