Scientific Bulletin of the Odessa National Economic University 2021, 9-10, 72-77
Scientific approaches to the essence of the digital economy
Kotelevets Dmytro
PhD (Economics), Doctoral Student (Economics), IHE «Academician Yuriy Bugay International Scientific
and Technical University», Kyiv, E-mail:d.kotelevets21@gmail.com, ORCID ID: https://orcid.org/0000-0001-7778-6038
Cite this article:
Kotelevets D. (2021) Scientific approaches to the essence of the digital economy. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Naukovi pidkhody do traktuvannia sutnosti tsyfrovoi ekonomiky; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 9-10 (286-287), pp. 72-77.
Abstract
The relevance of the article is justified by the growing pace of the digital revolution in the world. Digital transformation of
enterprises in various sectors of the national economy is accompanied by changes in business models, approaches to management
and marketing, updating ways of communicating with stakeholders. Analysis of recent research and publications has revealed a
relevant approach to the scientific consideration of the essence of digitalization, which could be analyzed on micro- and macroeconomic levels. The author identifies the formation of a new type of economic system - the digital economy.
The aim of the article is to critically analyze and generalize scientific approaches to defining the essence of the digital economy.
The article presents the results of a literature review covering the views of both foreign and domestic scientists and experts from
international institutions (World Bank, International Monetary Fund, Organization for Economic Cooperation and Development).
The author highlights a set of common features in the analyzed definitions of the digital economy. Within the article the author
concludes that it is inappropriate to interpret the essence of the digital economy only on the basis of analysis of the technical and
technological aspects. Systematization of scientific approaches to the interpretation of the digital economy has identified three
typical approaches: technological (based on information and communication technologies and their implementation in various
economic activities); transformational (changing business models and features of enterprises under the digitalization process);
innovative / radical (formation of a new type of economy, the emergence of a new paradigm of national economy, caused by modern
information technology). The author defines the innovative (radical) approach as the most relevant and reasonable, as he proposes
to consider the digital economy as a new type of economic system within which the processes of production, exchange, distribution
and consumption are based on modern information and communication technologies, and its main actors transfer and efficient use
of information resources.
Keywords
digitalization; digital economy; information and communication technologies; digital transformation; scientific
approach.
JEL classification: A100, В20, Р400; DOI: 10.32680/2409-9260-2021-9-10-286-287-72-77
UD classification: 330.101
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