Publication detail

The impact of digital transformation on the country's social progress

HORNUNGOVÁ, J. PETROVÁ, K.

Original Title

The impact of digital transformation on the country's social progress

Type

journal article - other

Language

English

Original Abstract

The purpose of this paper is to investigate whether there is a relationship between the level of digitalisation and social stability (satisfaction) in EU countries, through two main indices. There are many predominantly benefits associated with digitalization, which can be at the macro, micro, and personal level of the individual. For example, economic growth, increasing productivity, well-being for people or better transparency. The DESI and WHI index data, as well as GDP per capita, were analysed using statistical methods, specifically Pearson's correlation coefficient and regression analysis. The aim is to identify the relationship between the DESI and WHI and then determine the relationship between these indices and GDP per capita. According to the basic statistic results the highest value of DESI and WHI indicator was obtained by Finland. Luxembourg had the highest reported GDP per capita. The lowest results were achieved in Romania (DESI) and Bulgaria (WHI and GDPC). A strong positive relationship was found across all relationships analysed (DESI-WHI, DESI-GDPC and WHI-GDPC). In the case of DESI and WHI, the model captures 64.9 % of the data, in the case of DESI and GDPC, 46.7 %, and in the case of WHI and GDPC, the model reflects 58.9 % of the data. For all combinations, a regression function was determined to be linear, increasing. Thus, it means that for all combinations, if one variable increases, the other variable will also increase at the same time. Economic growth, as measured by GDP per capita, can be well explained by (is influenced by) the DESI index and is also positively influenced by the WHI. The survey shows that digitalisation needs to be given enough attention because this factor is closely linked to social progress and not only that, the pandemic has clearly shown us that digital services are our future in many area.

Keywords

digital transformation, social progress, Digital Economy and Society Index (DESI), World Happiness Index (WHI), correlation analysis, regression analysis

Authors

HORNUNGOVÁ, J.; PETROVÁ, K.

Released

30. 12. 2022

ISBN

2336-6508

Periodical

Trends in Economics and Management

Year of study

16

Number

40

State

Czech Republic

Pages from

9

Pages to

20

Pages count

10

URL

https://trends.fbm.vutbr.cz/index.php/trends/article/view/650

BibTex

@article{BUT180147,
  author="Jana {Hornungová} and Kateřina {Petrová}",
  title="The impact of digital transformation on the country's social progress",
  journal="Trends in Economics and Management",
  year="2022",
  volume="16",
  number="40",
  pages="9--20",
  doi="10.13164/trends.2022.40.9",
  issn="2336-6508",
  url="https://trends.fbm.vutbr.cz/index.php/trends/article/view/650"
}