Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305422 
Year of Publication: 
2024
Series/Report no.: 
ADBI Working Paper No. 1472
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This study investigates the impact of digitalization measured by digital competitiveness ranking and digital competitiveness scores on the real economic growth of 63 countries over the period 2017-2021, the period pre and during the COVID-19 pandemic. By employing panel data regression models, this study has revealed that digital competitiveness ranking improved the real GDP growth rates after controlling for several macroeconomic factors, but this positive impact was modest. Both digital competitiveness ranking and digital competitiveness scores had a stronger positive impact on the real economic growth during the pandemic, meaning that they reduced the negative impact of the COVID-19 pandemic on the real GDP growth rates of the studied countries. The findings of this study are robust since endogeneity issues were addressed using the GMM method. Based on these findings, this study offers several implications to policymakers and academicians.
Subjects: 
digitalization
digital economy
digital competitiveness
economic growth
the COVID-19 pandemic
JEL: 
O11
O33
O47
O50
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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