Digital transformation and economic growth (on the example of the Belarusian economy)

  • Галина G. Goloventchik Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus
  • Mikhail M. Kovalev Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Abstract

The aim of the article is to forecast the potential economic growth of Belarus and the impact of the digital economy on this potential, considering the global trends forming the new digital economy of the XXI century. The article suggests a methodology of measuring the index of readiness for the digital economy. On the basis of this methodology a model is built of calculating the modernization rate, which is necessary for evaluation of the total factor productivity which determines the economic growth rate.

Author Biographies

Галина G. Goloventchik, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

senior lecturer at the department of international economic relations, faculty of international relations

Mikhail M. Kovalev, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

doctor of sciences (physics and mathematics), full professor; professor at the department of analytical
economics and econometrics, faculty of economics

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Published
2018-10-24
Keywords: economic growth, new economy, digital economy
How to Cite
GoloventchikГ. G., & Kovalev, M. M. (2018). Digital transformation and economic growth (on the example of the Belarusian economy). Journal of the Belarusian State University. Economics, 1, 102-121. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2243
Issue
No 1 (2018): Journal of the Belarusian State University. Economics
Section
O. Economic Development, Innovation, Technological Change, and Growth

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