Digitalization and Business Activity. The Struggle to Catch Up in CEE Countries

Daniela Livia Trașcă, George Marian Ștefan, Daniela Nicoleta Sahlian, Răzvan Hoinaru and George-Laurențiu Șerban-Oprescu
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Daniela Livia Trașcă: Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010734 Bucharest, Romania
George Marian Ștefan: Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010734 Bucharest, Romania
Daniela Nicoleta Sahlian: Department of Accounting and Auditing, Bucharest University of Economic Studies, 010734 Bucharest, Romania
Răzvan Hoinaru: School of Business and Management, Queen Mary, University of London (QMUL), London E1 4NS, UK
George-Laurențiu Șerban-Oprescu: Department of Economic Doctrines and Communication, Bucharest University of Economic Studies, 010734 Bucharest, Romania

Sustainability, 2019, vol. 11, issue 8, 1-17

Abstract: Increases in productivity and competitiveness of an economy are based mostly on the actions of companies in terms of providing technical capital to workers and of operations efficiency (management, financial, recruitment, finding markets and suppliers, internal and external communication, etc.) through digitalization. This paper deals with the way in which the economies and companies in Central and Eastern European (CEE) countries manage to adapt to the trend that started, mostly after 2000, in digitalization; also, it analyzes the extent to which an increase in the degree of business upgrading via integrating digital technology into the business model leads to a surge in economic performances (productivity, exports) and, consequently, to a greater attractivity to foreign capital flows.

Keywords: business digitalization; value added; digital agenda; technology; SMEs (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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