The Growing Trend of Digital Economy: A Review Article

Limna, Pongsakorn; Kraiwanit, Tanpat; Siripipatthanakul, Supaprawat

doi:10.25147/ijcsr.2017.001.1.106

Cited by 23 publications

(11 citation statements)

References 36 publications

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“…[17] implied that in order to contribute to the form, variety, and superiority of ecological information, as well as smartphone applications for tracking the environment and factory pollution discharges, a large proportion of the population in China must be reached. The usage of big data in businesses has risen as a result of companies being compelled to use it to grow their current operations or fix their replicas [18].…”

Section: Literature Reviewmentioning

confidence: 99%

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh

Bhuiyan,

Uddin,

Milon

2023

FinTech

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The objective of this study is to assess the current and future potential of the digital economy in Bangladesh, with the goal of fostering national development and prosperity by the year 2041. Concurrently, this study examines the various aspects of the digital economy through the lens of the Fourth Industrial Revolution and emerging technologies, specifically focusing on the utilization of information and communication technology (ICT) in Bangladesh. The methodology section employs a qualitative approach to ascertain the research objectives, utilizing secondary data. The purpose of this study is to provide an overview of the contemporary status of the digital economy, focusing on emerging trends that have a significant impact on the national gross domestic product (GDP). Companies and individuals possess an understanding of the digital economy, which has the potential to mitigate the digital divide and establish a robust connection between technology and the economy. The research contributes to a more thorough understanding that Bangladesh is ranked 40th out of 193 nations at present; with the advancement of the digital economy, it will move up to 24th place in 2034. Future research can perhaps be expanded by adopting a qualitative methodology to explore the concept of a smart Bangladesh.

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Section: Literature Reviewmentioning

confidence: 99%

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh

Bhuiyan,

Uddin,

Milon

2023

FinTech

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“…From the perspective of promoting domestic economic development, DE is an important momentum [33] and has a significant impact on production and lifestyle. There are some bottlenecks in the process of transitioning from a linear economy to a circular economy [34], and digitalization can play an important role in supporting a circular economy [35].…”

Section: Digital Economymentioning

confidence: 99%

Impact of Digital Economy on the High-Quality Development of China’s Service Trade

Cui

Tang

2023

Sustainability

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High-quality development of service trade (HDST) is becoming increasingly important for China’s high-quality development (HD). This builds new development patterns and cultivates new competitive advantages. In the digital economy (DE) era, HDST ushers an important opportunity. The use of DE to promote HDST is the focus of China’s current economic development strategy. After theoretical analysis using panel data of 18 sample regions (municipalities, provinces, directly under the central government, and autonomous regions) in China from 2012 to 2021, this study empirically studies the impact and mechanism of DE on HDST. The research results indicate that DE has significantly promoted the HDST in China. Based on its mechanism, the HDST can also be promoted by improving the human capital level. Moreover, compared with the eastern region, DE plays a more significant role in promoting the HDST in the central and western regions. With the opening of the new process of “digital China” construction, DE has played a stronger role in promoting the HDST after 2015. Based on theoretical and empirical analysis, suggestions are put forward to promote the HDST through the development of DE considering three aspects: improve the DE level, promote the coordinated development of regions, and strengthen personnel training, which provides references for relevant departments to formulate policies. For the promotion of HDST in China, this study provides an important reference from the perspective of improving the level of DE.

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“…As technology, especially the internet and mobile communications, keeps advancing, globalization is entering a new phase in the digital era. Computers and other innovations in information and communication technology (ICT) play a crucial role in shaping a more connected global financial system and information space (Limna, Kraiwanit, & Siripipatthanakul, 2023). The growth of online businesses has found a substantial market due to the significant increase in internet users resulting from digitization.…”

Section: Introductionmentioning

confidence: 99%

Multiplier transformation of E-commerce to S-commerce in emerging economy

Asanprakit,

Kraiwanit

2024

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Relevance. Electronic commerce (e-commerce) and social commerce (s-commerce) are transforming business and consumer behaviour in Southeast Asia, propelled by digital advancements and increased internet and smartphone usage. This trend is significantly influencing economic growth and market dynamics in these emerging economies. Research Objective. This study aims to perform a comparative analysis of e-commerce and s-commerce across Southeast Asian countries. Additionally, it seeks to explore the evolution from e-commerce to s-commerce in emerging economies, examining the opportunities and challenges embedded in this transition, and discussing the implications for businesses and consumers alike. Data and Methods. To achieve these objectives, we used a quantitative approach, surveying 872 Thai participants through an online questionnaire using a convenience sampling technique. Additionally, we analyzed the data comparing e-commerce and s-commerce across Southeast Asian countries using the documentary method and content analysis. Results. Consumer spending through e-commerce and s-commerce has a significant positive impact on economic growth in Thailand, surpassing the impact of government spending. Private consumption, a substantial component of Thailand's GDP, stimulates production, investment, and job creation, fostering overall economic advancement. In Southeast Asia, distinct e-commerce trends are evident: Thailand benefits from high internet and smartphone usage, Indonesia from robust social media engagement, and Vietnam from a focus on social commerce and mobile, cross-border e-commerce. These diverse trends underscore the necessity for businesses to tailor their strategies to each country's unique consumer behaviors and preferences. Conclusions. The study confirms the significant impact of electronic consumption through e-commerce and social media on GDP growth. This form of consumption not only drives demand but also creates jobs, enhances efficiency, and opens up opportunities for international trade, fostering sustained economic development. In light of these findings, governments are advised to bolster digital infrastructure and support businesses in their digital transition. Meanwhile, businesses are recommended to adapt to digital models, emphasize consumer engagement, expand globally through online platforms, and integrate sustainable practices. Collectively, these measures are designed to harness the full potential of electronic consumption for sustainable and robust economic growth.

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The Growing Trend of Digital Economy: A Review Article

Cited by 23 publications

References 36 publications

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh

Prospective Areas of Digital Economy in the Context of ICT Usages: An Empirical Study in Bangladesh

Impact of Digital Economy on the High-Quality Development of China’s Service Trade

Multiplier transformation of E-commerce to S-commerce in emerging economy

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