Effects of digitalization on financialization: Empirical evidence from European countries

Ha, Le Thanh

doi:10.1016/j.techsoc.2021.101851

Cited by 68 publications

(41 citation statements)

References 80 publications

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“…Following Ha ( 2022a , b ), Ha and Thanh ( 2022 ), and Myovella et al ( 2020 ), our key explanatory variable, digital business ( ), includes selling online (eCOMM_SO), e-Commerce sales (eCOMM_ES), e-Commerce web sales (eCOMM_WS), and e-Business, and customer relation management (eBUSS_CRM) usage. We take the digital business data from the European Statistics (Eurostat) (Eurostat—Community survey on ICT usage in Households and by Individuals, Eurostat—ICT in Enterprises survey).…”

Section: Empirical Methodologymentioning

confidence: 99%

“…By considering ICT, Jamil ( 2021 ) highlights the social impacts of digitalization on some sectors, such as transport, health, business, and education, in both developed and developing economies. The ICT also appears to have favorable effects on the economic growth (Myovella et al 2020 ) or innovative activities and productivity of firms (Bouwman et al 2019 ), the financial sector (Ha 2022a ; Mignamissi and Djijo 2021 ), or employment sector (Avom et al 2021 ; Mossberger et al 2022 ).…”

Section: Introductionmentioning

confidence: 99%

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Impacts of digital business on global value chain participation in European countries

2022

AI & Soc

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As the first empirical study of the nonlinear effects of digital business on global value chains (GVC), we provide insight into the nonlinear effects of digital business on the global value chain (GVC) values. We employ four indicators, including the value of online selling, sales through E-commerce, and customer relationship management (CRM) usage, to capture the prevalence of digital business in the economy. By testing a sample of 25 European countries that have been analyzed using various econometric techniques over the period 2012–2019, our estimation results confirm that GVC values are a U-shaped function of digitalization. That is, an increase in digitalization pervasiveness initially induces more significant risks and uncertainties, hindering European countries from getting involved in or scale-up within the GVC. However, a rise in digitalization pervasiveness goes beyond a specific threshold, which facilitates GVC activities as more opportunities are created. Furthermore, our findings suggest that digital business contributes significantly to reducing the adverse influences of global uncertainty on the GVC values, while the marginal effects of digital business on GVC values become more pronounced in countries with the most advanced institutional structure.

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Section: Empirical Methodologymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Impacts of digital business on global value chain participation in European countries

2022

AI & Soc

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“…Digital public services: Similarly, we based on the study of Ha (2022a) to include four indicators to reflect the level of implementing digitalization in public sectors: the extent to which public service information is made available online; how the online journey is supported; whether public websites are mobile-friendly (DGDPS_UC); and the implementation of eID and eDocument capabilities in services designed to attract foreign businesses. In order to calculate this indicator, a weighted average of business mobility online availability, usability, eID cross-border use, and eDocument cross-border use are taken into consideration (DGDPS_BM), along with eGovernment service provision preconditions (DGDPS_KE).…”

Section: Digital Public Services (Dg_dps)mentioning

confidence: 99%

“…Economists have shown that increasing digitalization adoption may boost growth (Myovella et al 2020;Solomon and van Klyton 2020), decrease income inequality (Ha 2022a), promote financial development (Ha 2022a), and even diminish the size of the shadow economy (Ha et al, 2021a). Digitalization, according to the few studies that have addressed this perspective, is related to income levels (Ha and Thanh 2022), economic complexity Ha and Thanh (2022), institutions (Le and Nguyen 2019), and financial development (Ha 2022a). Due to the growing usage of the internet and mobile phones, people worldwide can interact more swiftly and cost effectively (Suvankulov et al 2012).…”

Section: Introductionmentioning

confidence: 99%

Socioeconomic and resource efficiency impacts of digital public services

2022

Environ Sci Pollut Res

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This paper measures the socioeconomic and resource-efficient influences of digital transformation in the public sector in the European region. To capture the socioeconomic impacts of digital public services, we employ a socioeconomic score index calculated as the unweighted average of the re-scaled scores for changes in employment, exports, and turnover from ecoindustries. Regarding resource-efficient impacts, we employ the resource efficiency score index measured as the unweighted average of the re-scaled scores for material, energy productivity, and the intensity of greenhouse gas (GHG) emissions. Measures such as user-centricity, business mobility, and key enablers are used to demonstrate the level of digitalization in the public sector. According to our estimations based on various econometric techniques, digital public services have a favorable effect on the economy and society through a positive impact on employment, exports, and turnover of eco-industries. The effects of digitalization on resource productivity follow a nonlinear U-shaped curve, suggesting that the improvement of resource efficiency is only present when the digital transformation process reaches a certain level.

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“…As the concept of digitalisation is relevant to a wide range of various industries, it is natural that there are many studies that have been conducted on the topic. Digital connectivity, internet use, e-business, e-commerce, and e-services are all used to quantify digitalisation [1]. Ashok [2] presumes that digitalisation will regulate the link between cooperation (the breadth of external partners and the depth of consumers' involvement) and internal resource commitment to increase the advantages received from business process innovation.…”

Section: Introductionmentioning

confidence: 99%

Digitalisation as the Indicator of the Evidence of Sustainability in the European Union

Burinskienė

Seržantė

2022

Sustainability

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Digitalisation provides access to an integrated network of information that can benefit society and businesses. However, the evidence of sustainability in business is less researched. In our paper, by building up the research approach, we address the relevant gap by investigating how sustainable development goals represent the interrelationship between digitalisation and sustainability. Such research is particularly important because understandings of digitalisation and sustainability determine how different actors, including business managers and policymakers, act in response to those imperatives to develop future employees skills starting from school age. Following a multi-method approach, we have combined our analysis into two steps examining the relationship between digitalisation and sustainability. Building digital networks, business managers and policy makers using digital means can create some unique opportunities to strategically address sustainable development challenges for the United Nations Targets (SDG) to ensure higher productivity, education, and an equality-oriented society. This point of view describes the potential of digitalisation for society and businesses of the future. The authors revise the links between digitalisation and sustainability in the European Union countries by using data available in Eurostat and UNECE public databases. The two-stage methodology for the identification of the relationship between ICT and sustainability is used in the paper and a linear regression model is applied. The results showed tiers with five SDGs, focusing on business, and all these tiers are fixed in the constructed equations for each SDG. The recommended solution is statistically valid and proves the novelty of this research. Among digitalisation indicators, only mobile-cellular subscriptions and fixed-broadband sub-basket prices in part do not affect researched sustainable development indicators.

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Effects of digitalization on financialization: Empirical evidence from European countries

Cited by 68 publications

References 80 publications

Impacts of digital business on global value chain participation in European countries

Impacts of digital business on global value chain participation in European countries

Socioeconomic and resource efficiency impacts of digital public services

Digitalisation as the Indicator of the Evidence of Sustainability in the European Union

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