Digital transformation and economic cooperation: The case of Western Balkan countries
Apstrakt
Digital transformation is increasingly affecting many aspects of the world economy. It is boosting economic growth, has an impact on foreign direct investments and increases international trade. Hence, the aim of the paper is to analyse digital transformation in relation with the economic cooperation between Western Balkan economies. In order to do so, we construct two indicators: the harmonised index of economic cooperation among Western Balkan economies and the indicator of digital transformation convergence. The results indicate a rising trend of economic cooperation amongst Western Balkan countries, with cooperation dominated by foreign trade. Even though Western Balkan countries have experienced an increased digital transformation convergence, they are still lagging behind the EU in the use of digital technologies. Hence, placing more emphasis on digital transformation could potentially boost the region's GDP and thus economic cooperation among them.
Ključne reči:
Western Balkan countries / regional economic cooperation / digital transformationIzvor:
Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics, 2020, 38, 2, 697-722Izdavač:
- Univ Rijeka, Fac Ecomomics, Rijeka
DOI: 10.18045/zbefri.2020.2.697
ISSN: 1331-8004
WoS: 000604970700015
Scopus: 2-s2.0-85098936328
Institucija/grupa
Fakultet organizacionih naukaTY - JOUR AU - Broz, Tanja AU - Buturac, Goran AU - Parežanin, Miloš PY - 2020 UR - https://rfos.fon.bg.ac.rs/handle/123456789/2082 AB - Digital transformation is increasingly affecting many aspects of the world economy. It is boosting economic growth, has an impact on foreign direct investments and increases international trade. Hence, the aim of the paper is to analyse digital transformation in relation with the economic cooperation between Western Balkan economies. In order to do so, we construct two indicators: the harmonised index of economic cooperation among Western Balkan economies and the indicator of digital transformation convergence. The results indicate a rising trend of economic cooperation amongst Western Balkan countries, with cooperation dominated by foreign trade. Even though Western Balkan countries have experienced an increased digital transformation convergence, they are still lagging behind the EU in the use of digital technologies. Hence, placing more emphasis on digital transformation could potentially boost the region's GDP and thus economic cooperation among them. PB - Univ Rijeka, Fac Ecomomics, Rijeka T2 - Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics T1 - Digital transformation and economic cooperation: The case of Western Balkan countries EP - 722 IS - 2 SP - 697 VL - 38 DO - 10.18045/zbefri.2020.2.697 UR - conv_2436 ER -
@article{ author = "Broz, Tanja and Buturac, Goran and Parežanin, Miloš", year = "2020", abstract = "Digital transformation is increasingly affecting many aspects of the world economy. It is boosting economic growth, has an impact on foreign direct investments and increases international trade. Hence, the aim of the paper is to analyse digital transformation in relation with the economic cooperation between Western Balkan economies. In order to do so, we construct two indicators: the harmonised index of economic cooperation among Western Balkan economies and the indicator of digital transformation convergence. The results indicate a rising trend of economic cooperation amongst Western Balkan countries, with cooperation dominated by foreign trade. Even though Western Balkan countries have experienced an increased digital transformation convergence, they are still lagging behind the EU in the use of digital technologies. Hence, placing more emphasis on digital transformation could potentially boost the region's GDP and thus economic cooperation among them.", publisher = "Univ Rijeka, Fac Ecomomics, Rijeka", journal = "Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics", title = "Digital transformation and economic cooperation: The case of Western Balkan countries", pages = "722-697", number = "2", volume = "38", doi = "10.18045/zbefri.2020.2.697", url = "conv_2436" }
Broz, T., Buturac, G.,& Parežanin, M.. (2020). Digital transformation and economic cooperation: The case of Western Balkan countries. in Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics Univ Rijeka, Fac Ecomomics, Rijeka., 38(2), 697-722. https://doi.org/10.18045/zbefri.2020.2.697 conv_2436
Broz T, Buturac G, Parežanin M. Digital transformation and economic cooperation: The case of Western Balkan countries. in Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics. 2020;38(2):697-722. doi:10.18045/zbefri.2020.2.697 conv_2436 .
Broz, Tanja, Buturac, Goran, Parežanin, Miloš, "Digital transformation and economic cooperation: The case of Western Balkan countries" in Zbornik radova Ekonomskog fakulteta u Rijeci / Proceedings of Rijeka Faculty of Economics, 38, no. 2 (2020):697-722, https://doi.org/10.18045/zbefri.2020.2.697 ., conv_2436 .