DEVELOPMENT AND PERSPECTIVES OF DIGITAL ECONOMY IN THE REPUBLIC OF SERBIA

Authors

  • Petar Veselinović Faculty of Economics, University of Kragujevac Author
  • Nenad Stanišić Faculty of Economics, University of Kragujevac Author

DOI:

https://doi.org/10.7251/ZREFIS2122061V

Keywords:

digital economy, competitiveness, economic development

Abstract

The Internet revolution is driving new advances in the digital economy. The new economy must harmonize traditional and modern approaches to the economy in order to respond to the challenge of managing the country based on monitoring technological change and innovation. The digital economy is considered to be the key to solving a large number of social, economic, and other problems in society, as well as to achieving sustainable development and economic growth of the national economy. The evolution of information and communication technology on which the digital economy is based is an essential factor in ensuring labour productivity and economic growth. The main goal of this paper is to present the digital economy in the Republic of Serbia as a possible chance and opportunity for the realization of which it is necessary to establish a new business model, as well as to determine the relationship between the achieved level of digital development and economic development.

References

Atkinson, Robert D. 2000. Making the New Economy Grow. Washington: PPI

Bukht, Rumana, and Richard Heeks. 2017. “Defining, Conceptualising and Measuring the Digital Economy.” SSRN Electronic Journal. doi:10.2139/ssrn.3431732.

Bulturbayevich, Mahmudov. B. and Baxriddin M Jurayevich. 2020. ‘’The impact of the digital economy on economic growth.’’ International Journal of Business, Law and Education 1(1): 4-7.

Cornell Un., INSEAD, anb WIPO. 2017. The Global Innovation Index 2017: Innovation feeding the world. Ithaca, Fontainebleau, and Geneva

European Commision: 2018. International Digital Economy and Society Index .2018. Bruxelles.

European Commision: 2020. A Digital Agenda for Europe, Communication from the Commission to the European Parliament, The Council, The European Economic and Social Committee and the Committee of the Regions, Brussels, 26.8.2010, COM(2010) 245 final/2,cEurope 2020 Strategy [Com(2010) 2020].

Eurostat 2017. Acessed 23th April http://www.ec.europa.eu/eurostat

Lane, Neal. 1999. ‘’Advancing the digital economy into the 21st century.’’ Information Systems Frontiers 1: 317–320 (1999). https://doi.org/10.1023/A:1010010630396

Mesenbourg, Thomas. L. 2001. Measuring the digital economy. US Bureau of the Census.

OECD 2014. Organisation for Economic Co-operation and Development. Measuring the Digital Economy: A New Perspective. OECD Publishing.

Portulans institute. 2020. The Network Readiness Index 2020. Washington

Taleghani, Gholam Reza, Ali Ghafary, Alireza Keyhani, and Seyed Rohollah Ahmadi. 2013. ‘’Personality Characteristicsand Entrepreneurship in Online context.’’ International Research Journal of Applied and Basic Sciences 5(2): 183-191.

Tapscott, Don. 1996. The digital economy: Promise and peril in the age of networked intelligence (Vol. 1). New York: McGraw-Hill.

Varian, Hal. 2016. ‘’Intelligent technology: As digital applications encroach on various aspects of daily life, the impact on the economy will help us live smarter and better.’’ Finance And Development 53(3): 6-9.

Downloads

Published

2021-06-15

Issue

Section

Professional Paper

How to Cite

DEVELOPMENT AND PERSPECTIVES OF DIGITAL ECONOMY IN THE REPUBLIC OF SERBIA. (2021). Zbornik Radova Ekonomskog Fakulteta U Istočnom Sarajevu, 22, 61-67. https://doi.org/10.7251/ZREFIS2122061V