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Digital technology, GAFA companies and the changing business world: growth trends in the ethereal economy 20 years later

Author

Listed:
  • Elena Sanchez Arnau

    (Universitat Politecnica de Valencia.)

  • Antonia Ferrer Sapena

    (Universitat Politecnica de Valencia.)

  • Enrique Alfonso Sanchez Perez

    (Universitat Politecnica de Valencia.)

Abstract

Taking a historical perspective, we analyze the economic growth of GAFA companies, and how they fit into the indicators that measure global human development. We explore the limits of growth -assuming that economic growth is inherent to good economic performance- by studying these cases, which are relevant insofar as they lead global economic growth in the new digital-based ("ethereal") economy. Our methodological approach contrasts the growth patterns of GAFA companies with general human growth parameters. This case-to-global study finds clear trends, suggesting that the ethereal economy is constrained only by the limits of human growth.

Suggested Citation

  • Elena Sanchez Arnau & Antonia Ferrer Sapena & Enrique Alfonso Sanchez Perez, 2023. "Digital technology, GAFA companies and the changing business world: growth trends in the ethereal economy 20 years later," Technium Social Sciences Journal, Technium Science, vol. 39(1), pages 350-369, January.
    • Handle: RePEc:tec:journl:v:39:y:2023:i:1:p:350-369
    DOI: 10.47577/tssj.v39i1.7703
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    References listed on IDEAS

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    More about this item

    Keywords

    Big Data; Linear trend; GAFA; ethereal economy; growth;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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