Digital transformation of gross domestic product
Bibliographic entry
Babica, V. Digital transformation of gross domestic product / V. Babica, D. Sceulovs // Мировая экономика и бизнес-администрирование малых и средних предприятий : материалы 16-го Международного научного семинара, проводимого в рамках 18-ой Международной научно-технической конференции «Наука – образованию, производству, экономике», 26 марта 2020 года, Минск, Республика Беларусь / Белорусский национальный технический университет. – Минск : Право и экономика, 2020. – С. 42-43.
Abstract
Digital technologies introduced by the Industry 4.0 has brought significant changes to the private and public sectors of the world economy. Enterprises are challenged to capitalize on continuing advancement of digital innovation, governments are facing changes at macroeconomic level. The study is determined by the increasing confusion between measurements of gross domestic product (GDP) measurement and digital economy. Based on the literature review this paper aims to analyse how digital transformation affects GDP statistics. The paper is among a few studies, which concerns correlations between GDP and level of national digital transformation. The study sets out areas for future research of digital innovation adoption influence on the main macroeconomics indicator.