THE MAIN INDICATORS OF THE ECONOMY DIGITAL TRANSFORMATION IN THE CONTEXT OF NEW APPROACH TO SUSTAINABILITY

Inese Trusina () and Elita Jermolajeva ()
Additional contact information
Inese Trusina: Latvia University of Life Sciences and Technologies, Jelgava, Latvia
Elita Jermolajeva: Latvia University of Life Sciences and Technologies, Jelgava, Latvia

EURINT, 2022, vol. 9, 255-278

Abstract: The paper focuses on key questions to the contemporary challenges call for a shift from the current linear economic model to models that will see nature as a life support system for social prosperity within the ecological economy paradigm and digital transformation. The aim of the article is to present the model of open non-equilibrium socio-economic complex system and its sustainability conditions formalization in terms of an invariant coordinate system. As well as to present the results of a formalization of sustainable development monitoring using the energy flows changing analysis approach, and the impact of condition of digital transformation. The authors carried out an assessment of sustainable development and analyzed indicators of sustainable development and the level of digital and their correlation. When calculating the parameters, Eurostat data and UN databases were used. The authors presented the results and initial interpretation of the follow countries France, Sweden, USA, China, Russia. The paper reinterprets the significance of the digital transformation concept and further elaboration of the power approach for monitoring the socio-economic system development.

Keywords: sustainability; energy flows; power; techno-economical paradigm; digital transformation (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eurint.uaic.ro/proceedings/articles/EURINT2022_TRU.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jes:eurint:y:2022:v:9:p:255-278

Access Statistics for this article

More articles in EURINT from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().