EU enlargement: Digital economy in Europe: Evaluation of countries’ performances

Nela Miloševiæ (), Marina Dobrota () and Slaðana Barjaktaroviæ Rakoèeviæ ()
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Nela Miloševiæ: University of Belgrade, Faculty of Organizational Sciences, Jove Iliæa 154, Belgrade, Serbia
Marina Dobrota: University of Belgrade, Faculty of Organizational Sciences, Jove Iliæa 154, Belgrade, Serbia
Slaðana Barjaktaroviæ Rakoèeviæ: University of Belgrade, Faculty of Organizational Sciences, Jove Iliæa 154, Belgrade, Serbia

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2018, vol. 36, issue 2, 861-880

Abstract: The accelerated expansion of the Internet as a communication tool, the mobile internet, and the social networks and commercial platforms, commonly observed as digitalisation, have greatly affected the functioning of the economy and with it also businesses, public institutions, and individuals. The state of the digitalisation of business and industry varies between the European Union (EU) countries and regions. Each economy struggles to keep up with digitalisation in order to keep their productivity and achievement on a high level. Using the Composite I-distance Indicator (CIDI) methodology, we have created a multivariate indicator that can serve as a measurement of digital economy performances. Furthermore, we evaluate and rank 28 countries in EU (EU-28), based on their digital performances. We made an in-depth comparative analysis of countries in Europe, providing information about each economy with information on where they currently stand in terms of digital economy and what steps they need to undertake to improve and boost up their position in the domain of digitalisation.

Keywords: digital economy; ranking; CIDI; evaluation of countries; EU countries (search for similar items in EconPapers)
JEL-codes: C30 C49 O52 P51 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (5)

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