Katarina Belanova – University of Economics, 1 Dolnozemska Street, 852 35 Bratislava, Slovakia
DOI: https://doi.org/10.31410/ITEMA.2021.9
5th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2021, Online/virtual, October 21, 2021, CONFERENCE PROCEEDINGS published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-51-6, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2021
Abstract
This paper aims to evaluate the level of digital transformation of Slovakia by the use of the index of digital transformation provided by the European Commission, as well as to examine the relationship between digital transformation and economic development. Since digitalisation is crucial to businesses, Integration of digital technology, as one of DESI 2020 dimensions, was analysed in more detail. Comparison, time series and correlation analyses are used for assessing the issue. The author found out that Slovakia lags far behind in terms of digitalisation. Slovakia is ranked 22nd of 28 evaluated countries, slightly below the EU – 28 average. All relevant indicators, including Integration of digital technology, have not improved enough to keep pace with the EU average. Moreover, the author confirmed the dependence of digital transformation and economic country performance. The implications of this relationship are of significant importance to policymakers regarding how much support should be given to encourage digital transformation
Keywords
Digitalisation; DESI; GDP per capita
References
Aly, H. (In Press). Digital transformation, development and productivity in developing countries: Is artificial intelligence a curse or a blessing?. Review of Economics and Political Science.
Andrews, D., Criscuolo, C. & Gal, P. (2016). The Best versus the Rest: The Global Productivity Slowdown, Divergence across Firms and the Role of Public Policy. OECD Productivity Working Papers, No. 5, OECD, Paris. https://dx.doi.org/10.1787/24139424
Gal, P., et al. (2019). Digitalisation and productivity. OECD Economics Department Working Papers. No. 1533, OECD Publishing, Paris. https://doi.org/10.1787/5080f4b6-en.
Innovation Finance Advisory and European Investment Bank (2019). Financing the digitalisation of SMEs. https://www.eib.org/attachments/thematic/financing_the_digitalisation_of_ smes_en.pdf
OECD (2019). Productivity Growth in the Digital Age. https://www.oecd.org/going-digital/productivity-growth-in-the-digital-age.pdf
Park, H. & Choi, S.O. (2019). Digital innovation adoption and its economic impact focused on path analysis at national level. Journal of Open Innovation: Technology, Market, and Complexity, 5(3), 56.
Sabbagh, K., Friedrich, R.O.M.A.N., El-Darwiche, B.A.H.J.A.T., Singh, M.I.L.I.N.D. & Koster, A.L.E.X. (2013). Digitization for economic growth and job creation: regional and industry perspective. The global information technology report, 2013, 35-42.
Sorbe, S. et al. (2019). Digital Dividend: Policies to Harness the Productivity Potential of Digital Technologies. OECD Economic Policy Papers, No. 26, OECD Publishing, Paris. https:// doi.org/10.787/273176bc-en.
