Strohmaier2019_Article_ASystemicPerspectiveOnSocioeco.pdf (1.27 MB)
A systemic perspective on socioeconomic transformation in the digital age
journal contribution
posted on 2023-06-09, 18:28 authored by Rita Strohmaier, Marlies Schuetz, Simone VannucciniDigitalization has set the stage for a stream of radical innovations that have the potential to trigger a new technological revolution and cause deep structural changes throughout the economy, affecting not only the technology base, but also the facilitating structure (including production, infrastructure and markets), public policy, and the environment. Focusing on these building blocks, we combine network analysis and composite indicators into a novel framework to investigate a country’s socioeconomic system both across its components and over time. Its empirical application to a set of Western and Asian countries over 10 years gives insights into their socioeconomic performance and development, as well as their capability to absorb technological change. A structural decomposition analysis further allows investigating the evolution of countries’ structural transformation over time and shows the impact of digitalization and Industry 4.0 in this regard.
History
Publication status
- Published
File Version
- Published version
Journal
Journal of Industrial and Business EconomicsISSN
0391-2078Publisher
SpringerExternal DOI
Page range
1-18Department affiliated with
- SPRU - Science Policy Research Unit Publications
Research groups affiliated with
- Space Research Group Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2019-07-23First Open Access (FOA) Date
2019-07-23First Compliant Deposit (FCD) Date
2019-07-22Usage metrics
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