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Digitalization and Business Activity. The Struggle to Catch Up in CEE Countries

Author

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  • Daniela Livia Trașcă

    (Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010734 Bucharest, Romania)

  • George Marian Ștefan

    (Department of Economics and Economic Policies, Bucharest University of Economic Studies, 010734 Bucharest, Romania)

  • Daniela Nicoleta Sahlian

    (Department of Accounting and Auditing, Bucharest University of Economic Studies, 010734 Bucharest, Romania)

  • Răzvan Hoinaru

    (School of Business and Management, Queen Mary, University of London (QMUL), London E1 4NS, UK)

  • George-Laurențiu Șerban-Oprescu

    (Department of Economic Doctrines and Communication, Bucharest University of Economic Studies, 010734 Bucharest, Romania)

Abstract

Increases in productivity and competitiveness of an economy are based mostly on the actions of companies in terms of providing technical capital to workers and of operations efficiency (management, financial, recruitment, finding markets and suppliers, internal and external communication, etc.) through digitalization. This paper deals with the way in which the economies and companies in Central and Eastern European (CEE) countries manage to adapt to the trend that started, mostly after 2000, in digitalization; also, it analyzes the extent to which an increase in the degree of business upgrading via integrating digital technology into the business model leads to a surge in economic performances (productivity, exports) and, consequently, to a greater attractivity to foreign capital flows.

Suggested Citation

  • Daniela Livia Trașcă & George Marian Ștefan & Daniela Nicoleta Sahlian & Răzvan Hoinaru & George-Laurențiu Șerban-Oprescu, 2019. "Digitalization and Business Activity. The Struggle to Catch Up in CEE Countries," Sustainability, MDPI, vol. 11(8), pages 1-17, April.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:8:p:2204-:d:222244
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    Citations

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    Cited by:

    1. Pawel Dobrzanski & Wojciech Grabowski, 2019. "Structural and productivity changes of Central and Eastern Europe," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 427-471.
    2. Kuzyk, M. & Simachev, Yu. & Fedyunina, A., 2020. "Participation of fast-growing SMEs in international trade and implications for public policy," Journal of the New Economic Association, New Economic Association, vol. 45(1), pages 208-218.
    3. Valentina Vasile & Mirela Panait & Simona-Andreea Apostu, 2021. "Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap," IJERPH, MDPI, vol. 18(20), pages 1-28, October.
    4. Diána Esses & Mária Szalmáné Csete & Bálint Németh, 2021. "Sustainability and Digital Transformation in the Visegrad Group of Central European Countries," Sustainability, MDPI, vol. 13(11), pages 1-14, May.
    5. Umair Akram & Melinda Timea Fülöp & Adriana Tiron-Tudor & Dan Ioan Topor & Sorinel Căpușneanu, 2021. "Impact of Digitalization on Customers’ Well-Being in the Pandemic Period: Challenges and Opportunities for the Retail Industry," IJERPH, MDPI, vol. 18(14), pages 1-21, July.
    6. Cristian-Mihai Vidu & Florina Pinzaru & Andreea Mitan, 2022. "What managers of SMEs in the CEE region should know about challenges of artificial intelligence’s adoption? – an introductive discussion," Nowoczesne Systemy Zarządzania. Modern Management Systems, Military University of Technology, Faculty of Security, Logistics and Management, Institute of Organization and Management, issue 1, pages 63-76.
    7. Fernández-Rovira, Cristina & Álvarez Valdés, Jesús & Molleví, Gemma & Nicolas-Sans, Ruben, 2021. "The digital transformation of business. Towards the datafication of the relationship with customers," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    8. Hornungová, Jana & Petrová, Kateřina, 2023. "The Relationship Between Digital Performance and Production of Greenhouse Gas Emissions in EU Countries: Correlation Analysis and ANOVA Method," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 15(1), January.
    9. Antonio Manuel Ciruela-Lorenzo & Ana Rosa Del-Aguila-Obra & Antonio Padilla-Meléndez & Juan José Plaza-Angulo, 2020. "Digitalization of Agri-Cooperatives in the Smart Agriculture Context. Proposal of a Digital Diagnosis Tool," Sustainability, MDPI, vol. 12(4), pages 1-15, February.
    10. Yaru Pan & Mu‐Yang Yang, 2024. "Research on the impact of digital infrastructure on the allocation efficiency of green resources in the service industry," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(1), pages 223-247, January.
    11. Brodny, Jarosław & Tutak, Magdalena, 2023. "Assessing the level of digital maturity in the Three Seas Initiative countries," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    12. Alina-Mihaela Dima & Claudia-Elena Țuclea & Diana-Maria Vrânceanu & Gabriela Țigu, 2019. "Sustainable Social and Individual Implications of Telework: A New Insight into the Romanian Labor Market," Sustainability, MDPI, vol. 11(13), pages 1-12, June.
    13. Jorge Tarifa-Fernández & Ana María Sánchez-Pérez & Salvador Cruz-Rambaud, 2019. "Internet of Things and Their Coming Perspectives: A Real Options Approach," Sustainability, MDPI, vol. 11(11), pages 1-15, June.
    14. Antonio Fernández-Portillo & Manuel Almodóvar-González & José Luís Coca-Pérez & Héctor Valentín Jiménez-Naranjo, 2019. "Is Sustainable Economic Development Possible Thanks to the Deployment of ICT?," Sustainability, MDPI, vol. 11(22), pages 1-15, November.
    15. Sugandha Huria & Kriti Sharma & Neha Jain & Ashley Jose, 2022. "Digitalization and Exports: A case of Indian Manufacturing MSMEs," Working Papers 2261, Indian Institute of Foreign Trade.
    16. George Marian Ștefan & Vlad Nerău & Daniela Livia Traşcă & Daniela Nicoleta Sahlian & Liviu Matac, 2019. "“Social Trilemma”: Empirical Evidence from Central and Eastern Europe," Sustainability, MDPI, vol. 11(17), pages 1-15, August.
    17. Georgeta Soava & Anca Mehedintu & Mihaela Sterpu, 2022. "Analysis and Forecast of the Use of E-Commerce in Enterprises of the European Union States," Sustainability, MDPI, vol. 14(14), pages 1-29, July.
    18. Ana María Sánchez Pérez & Jorge Tarifa Fernández & Salvador Cruz Rambaud, 2020. "Assessing Blockchain Investments through the Learning Option: An Application to the Automotive and Aerospace Industry," Mathematics, MDPI, vol. 8(12), pages 1-13, December.
    19. Barna Laura-Eugenia-Lavinia & Ionescu Bogdan-Ștefan, 2023. "ERP Systems as a Part of Business Digitalization Systems as a Part of Business Digitalization," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1897-1908, July.
    20. Marino-Romero, Jorge Alberto & Palos-Sánchez, Pedro R. & Velicia-Martín, Félix, 2024. "Evolution of digital transformation in SMEs management through a bibliometric analysis," Technological Forecasting and Social Change, Elsevier, vol. 199(C).
    21. Surender Khan & Anuj Goel, 2024. "A Perspective on Digital Transformation Among Indian Exporting Firms," FIIB Business Review, , vol. 13(1), pages 7-17, January.

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