A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index

Asoy, Elif

doi:https://dx.doi.org/10.26650/ISTJECON2023-1327567

Araştırma Makalesi

DOI :10.26650/ISTJECON2023-1327567 IUP :10.26650/ISTJECON2023-1327567 Tam Metin (PDF)

A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index

The importance of information communication technology in fueling economic growth is widely acknowledged. In the current digital era, the International Digital Economy and Society Index (I-DESI) offers a more precise depiction alternative to the ICT indicators by serving as a better proxy for changes in the factors of production. It monitors the advancement of ICT in the EU27 and 14 non-EU nations, highlighting their strides towards a technologydriven economy. The objective of the study was to evaluate the influence of the I-DESI on economic growth through the utilization of the panel data method. Hence, gross domestic product (GDP) measured at constant prices was utilized as the dependent variable in the analysis, while the Index of Digital Economy and Society Integration (I-DESI), calculated by the European Commission, served as the independent variable. However, it’s important to note that the described index is current and limited at present. In line with this constraint, only four years of data, spanning from 2015 to 2018, were available. To ensure the accuracy of the model, diagnostic tests were conducted, and the Driscoll-Kraay standard error model was employed to assess the outcomes. Two models were constructed to achieve this goal, with the initial one revealing the relationship between the I-DESI and economic growth. The second model aimed to pinpoint the dimensions of the I-DESI that had the greatest impact on growth. According to findings obtained from the analysis, I-DESI and certain subdimensions which are digital skills, use of internet, integration of digital technology, and digital public services affect economic growth positively and significantly. A one percent increase in I-DESI results in a one percent increase in GDP. Similarly, each subdimension mentioned, where meaningful relationships have been identified, possesses explanatory power for GDP. Furthermore, evaluating the coefficient of these independent variables, changing the weight of dimensions can be considered.

Anahtar Kelimeler: Digital economy, Economic growth, Technology, International digital economy and society index, Driscoll-Kraay model

JEL Classification : O14 , O33 , O47

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APA

Asoy, E. (2024). A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index. İstanbul İktisat Dergisi, 74(1), 225-251. https://doi.org/10.26650/ISTJECON2023-1327567

AMA

Asoy E. A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index. İstanbul İktisat Dergisi. 2024;74(1):225-251. https://doi.org/10.26650/ISTJECON2023-1327567

ABNT

Asoy, E. A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index. İstanbul İktisat Dergisi, [Publisher Location], v. 74, n. 1, p. 225-251, 2024.

Chicago: Author-Date Style

Asoy, Elif,. 2024. “A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index.” İstanbul İktisat Dergisi 74, no. 1: 225-251. https://doi.org/10.26650/ISTJECON2023-1327567

Chicago: Humanities Style

Asoy, Elif,. “A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index.” İstanbul İktisat Dergisi 74, no. 1 (Mar. 2025): 225-251. https://doi.org/10.26650/ISTJECON2023-1327567

Harvard: Australian Style

Asoy, E 2024, 'A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index', İstanbul İktisat Dergisi, vol. 74, no. 1, pp. 225-251, viewed 10 Mar. 2025, https://doi.org/10.26650/ISTJECON2023-1327567

Harvard: Author-Date Style

Asoy, E. (2024) ‘A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index’, İstanbul İktisat Dergisi, 74(1), pp. 225-251. https://doi.org/10.26650/ISTJECON2023-1327567 (10 Mar. 2025).

MLA

Asoy, Elif,. “A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index.” İstanbul İktisat Dergisi, vol. 74, no. 1, 2024, pp. 225-251. [Database Container], https://doi.org/10.26650/ISTJECON2023-1327567

Vancouver

Asoy E. A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index. İstanbul İktisat Dergisi [Internet]. 10 Mar. 2025 [cited 10 Mar. 2025];74(1):225-251. Available from: https://doi.org/10.26650/ISTJECON2023-1327567 doi: 10.26650/ISTJECON2023-1327567

ISNAD

Asoy, Elif. “A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index”. İstanbul İktisat Dergisi 74/1 (Mar. 2025): 225-251. https://doi.org/10.26650/ISTJECON2023-1327567

Cilt 74, Sayı 12024, S. 225-251

ZAMAN ÇİZELGESİ

Gönderim	14.07.2023
Kabul	02.07.2024
Çevrimiçi Yayınlanma	19.07.2024

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A Better Proxy for Technology Determinant of Economic Growth: The International Digital Economy and Society Index

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APA

AMA

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Chicago: Author-Date Style

Chicago: Humanities Style

Harvard: Australian Style

Harvard: Author-Date Style

MLA

Vancouver

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