Transition to the Digital Economy, Its Measurement and the Relationship between Digitalization and Productivity

Yasin Yilmaz ()
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Yasin Yilmaz: Bandirma Onyedi Eylul University, Department of Labor Economics and Industrial Relations, Balıkesir, Turkey

Istanbul Journal of Economics-Istanbul Iktisat Dergisi, 2021, vol. 71, issue 1, 283-316

Abstract: Technological developments have shown their effects in all areas of life, especially economy in the world. The most obvious examples of this are the Agricultural and Industrial Revolutions, which are economically based revolutions. Today, technological developments have changed dimensions with the digitalization process. Today technological transformation have been happening faster than it has been seen in the past, the human-machine cooperation in working life has been starting to turn in favor of machines and the mechanization and automation production, which is seen only in blue-collar jobs, is spread to all work areas including white-collar works, production as a result of robotization of the machines used in new automation (Cobot) The substitution of labor with these new technology products is among the most obvious features of this digitization period. The first aim of the study is to compare Turkey with the countries that should compete in the digitalization process. For this, International Digital Economy and Society Index (I-DESI) dimensions and indicators, which were created by the EU and used to measure the competitiveness of EU countries in the digitalization process, were used. Secondly, the effects of digitalization on productivity have been researched through a literature review. In the study; exploratory research from research design methods, secondary data from data types, and documentation method from qualitative research methods, were used. The scope of the study consists of the economic effects of the digitalization process. Technological developments increase productivity in both product and labor markets. For this reason, it is thought that the digitalization process will positively affect both total factor productivity and labor productivity. In addition, when examinations are made within the scope of I-DESI, it is seen that Turkey has not yet reached a sufficient level in the digitalization process.

Keywords: Digitization; Digital Economy; I-DESI; Productivity; Labor Productivity JEL Classification : J01; J21; J23 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ist:journl:v:71:y:2021:i:xi:p:283-316

DOI: 10.26650/ISTJECON2020-833105

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