Improving the Methodology for Monitoring Trends in the Digital Development of Economic Systems
Improving the Methodology for Monitoring Trends in the Digital Development of Economic Systems

Author(s): Natalia Buletova, Olga Demushina
Subject(s): Social Sciences, Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Digitalization index; digitalization trends; servitization of economy; original typology of economic systems
Summary/Abstract: Purpose: The authors set a goal to develop a model of investigating and comparing nationaleconomic systems according to the level of their servitization and digitalization. Design/methodology/approach: The research methods include: 1) an author’s structuralanalysis method based on the calculation of coordination indicators by aggregated values Grossvalue added, and supplemented by a method of graphical analysis of the results of measuringintersectoral proportions over time and the author's typology of national economic systems interms of economic development, including digital development; 2) systematization of theresults of international indices of digitization of the economy or public administration systemsfor correlation with the results of structural analysis. Findings: It was found out that the results of structural analysis and a distribution of thecountries according to their economic development are closely correlated with the results ofinternational rankings which proves the validity of the model. Research/practical implications: The research outcomes may be used by governments andresearchers to evaluate and monitor economic development at the national and internationallevel, and construct rankings of countries or regions according to their digitalization level. Originality/value: The presented study is the first attempt to explore economic developmentof the countries according to the level of digitalization (from agrarian to highly industrialservice-oriented, for which the dominant share of services in the structure of GVA and a highlevel of digitalization according to international ratings is typical). The proposed method ofstructural analysis and the model developed by the authors are unique. The only exception isthe digitalization rating of the public administration system (an example of the E-GovernmentDevelopment Index), since it characterizes not the level of servitization the economy and thetrend of its digitalization, but the result of the digitization of governmental functions.

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