IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v16y2024i1p127-139.html
   My bibliography  Save this article

The Necessity of the Digital Economy for Sustainable Economic Growth in OECD Countries

Author

Listed:
  • Boni David Jonathan Yapi
  • Mehdi Seraj
  • Huseyin Ozdeser

Abstract

This paper’s main intent is to study the relationship between the digital economy and the sustainable economic growth of selected OECD countries from 2016 to 2020. In doing so, we will also endeavor to shed a brighter light on distinct elements of the digital economy and to comprehend their collective inputs on the economic returns of the digital systems. To achieve this, secondary data have been gathered to contribute to the quantitative design research method. We further employed a panel data set and regression techniques such as the unit root test, the cointegration test and the dynamic GMM amongst others. The results of the study revealed that sustainable economic growth is slightly significantly linked to the input of the digital economy in the short and long run. However, it has also been discovered that e-commerce revenues have a significantly positive effect on sustainable economic growth in the short and long run. Lastly, this study recommended the establishment of national and international economic metrics, reflecting more on the presence of digital systems.

Suggested Citation

  • Boni David Jonathan Yapi & Mehdi Seraj & Huseyin Ozdeser, 2024. "The Necessity of the Digital Economy for Sustainable Economic Growth in OECD Countries," Journal of Economics and Behavioral Studies, AMH International, vol. 16(1), pages 127-139.
    • Handle: RePEc:rnd:arjebs:v:16:y:2024:i:1:p:127-139
    DOI: 10.22610/jebs.v16i1(J).3693
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3693/2423
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3693
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v16i1(J).3693?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Erik Brynjolfsson & Brian Kahin (ed.), 2002. "Understanding the Digital Economy: Data, Tools, and Research," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262523302, December.
    2. Vu, Khuong & Hanafizadeh, Payam & Bohlin, Erik, 2020. "ICT as a driver of economic growth: A survey of the literature and directions for future research," Telecommunications Policy, Elsevier, vol. 44(2).
    3. Lingmei Kong & Xiaoyu Zhang & Yunguo Li & Haoran Wang & Yuanzhi Jiang & Sheng Wang & Mengqing You & Chengxi Zhang & Ting Zhang & Stephen V. Kershaw & Weitao Zheng & Yingguo Yang & Qianqian Lin & Mingj, 2021. "Smoothing the energy transfer pathway in quasi-2D perovskite films using methanesulfonate leads to highly efficient light-emitting devices," Nature Communications, Nature, vol. 12(1), pages 1-8, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Raf Buyle & Mathias Van Compernolle & Eveline Vlassenroot & Ziggy Vanlishout & Peter Mechant & Erik Mannens, 2018. "“Technology Readiness and Acceptance Model” as a Predictor for the Use Intention of Data Standards in Smart Cities," Media and Communication, Cogitatio Press, vol. 6(4), pages 127-139.
    2. Abdulqadir, Idris A. & Asongu, Simplice A., 2022. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 44-61.
    3. Yanrui Chen, 2024. "Research on the impact of the digital economy on the level of industrial structure: An empirical study of 280 cities in China," PLOS ONE, Public Library of Science, vol. 19(3), pages 1-16, March.
    4. Mwananziche, Josephat & Myovella, Godwin & Karacuka, Mehmet & Haucap, Justus & Moshi, Goodiel, 2023. "Is digitalization a booster for economic growth in Africa? Short run and long run evidence from Tanzania," Telecommunications Policy, Elsevier, vol. 47(10).
    5. Charles Shaaba Saba & Nicholas Ngepah, 2022. "ICT Diffusion, Industrialisation and Economic Growth Nexus: an International Cross-country Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2030-2069, September.
    6. Njangang, Henri & Beleck, Alim & Tadadjeu, Sosson & Kamguia, Brice, 2022. "Do ICTs drive wealth inequality? Evidence from a dynamic panel analysis," Telecommunications Policy, Elsevier, vol. 46(2).
    7. Oughton, Edward J. & Amaglobeli, David & Moszoro, Marian, 2023. "What would it cost to connect the unconnected? Estimating global universal broadband infrastructure investment," Telecommunications Policy, Elsevier, vol. 47(10).
    8. Edquist, Harald, 2022. "The economic impact of mobile broadband speed," Telecommunications Policy, Elsevier, vol. 46(5).
    9. Valentina Mucunska Palevska & Blagica Novkovska, 2021. "Increasing Use Of Digital Technologies In Function Of Economic Growth In European Countries," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 12(1), pages 84-94.
    10. Huang, Jie & Lu, Hongyang & Du, Minzhe, 2025. "Can digital economy narrow the regional economic gap? Evidence from China," Journal of Asian Economics, Elsevier, vol. 98(C).
    11. Ajoy Ketan Sarangi & Rudra Prakash Pradhan, 2020. "ICT infrastructure and economic growth: a critical assessment and some policy implications," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 47(4), pages 363-383, December.
    12. Shuaitao Jiao & Qiubi Sun, 2021. "Digital Economic Development and Its Impact on Econimic Growth in China: Research Based on the Prespective of Sustainability," Sustainability, MDPI, vol. 13(18), pages 1-19, September.
    13. Alexandra Gennadyevna Koval & Maria Yuryevna Evdokimova, 2020. "Features of E-commerce Development in BRICS States," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 9, pages 79-92, September.
    14. repec:osf:osfxxx:va375_v1 is not listed on IDEAS
    15. Lee, Chien-Chiang & Yahya, Farzan, 2024. "Mitigating energy instability: The influence of trilemma choices, financial development, and technology advancements," Energy Economics, Elsevier, vol. 133(C).
    16. Irfan, Erum & Ali, Yousaf & Sabir, Muhammad, 2022. "Analysing role of businesses’ investment in digital literacy: A case of Pakistan," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    17. Falk, Martin & Hagsten, Eva, 2021. "Impact of high-speed broadband access on local establishment dynamics," Telecommunications Policy, Elsevier, vol. 45(4).
    18. Mounir Dahmani & Mohamed Mabrouki & Adel Ben Youssef, 2022. "ICT, trade openness and economic growth in Tunisia: what is going wrong?," Economic Change and Restructuring, Springer, vol. 55(4), pages 2317-2336, November.
    19. Stamopoulos, Dimitrios & Dimas, Petros & Tsakanikas, Aggelos, 2022. "Exploring the structural effects of the ICT sector in the Greek economy: A quantitative approach based on input-output and network analysis," Telecommunications Policy, Elsevier, vol. 46(7).
    20. repec:ers:journl:v:xxiv:y:2021:i:2b:p:240-256 is not listed on IDEAS
    21. Atif Awad, 2024. "Do ICT and economic globalisation offer benefits to all nations? Findings from a moments quantile regression," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(3), pages 5817-5841, March.
    22. Adel Ben Youssef & Mounir Dahmani, 2008. "The Impact of ICT on Student Performance in Higher Education: Direct Effects, Indirect Effects and Organisational Change," Post-Print halshs-00936560, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arjebs:v:16:y:2024:i:1:p:127-139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jebs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.