IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i11p4684-d1406117.html
   My bibliography  Save this article

Digital Transformation of Hungary’s Economy between 2015 and 2021: Results and Future Objectives

Author

Listed:
  • László Török

    (Department of Engineering Management and Enterprise, Industrial Process Management Institute, Faculty of Engineering, University of Debrecen, Ótemető u.2-4., 4028 Debrecen, Hungary)

Abstract

Hungary is a member of the European Union (E.U.), so more than three-quarters of its trade relations are with the E.U. Hungary’s strategic objective is to be among the top-ten E.U. member states in digitalization by 2030. This study aims to examine the country’s digitization development and planned digitization programs and, based on these, to predict Hungary’s expected digitization status. This study also attempts to answer whether Hungary is among the ten most digitally developed E.U. member states. We use the K-means clustering method to assess the current state of digitization and different generic methods to determine future development. The results show that Hungary’s digital development is close to the middle level of the E.U. However, future digital development in Hungary will be more dynamic than in the European Union. This more dynamic Hungarian growth is predicted to catch up with the average of the E.U.’s digital development. However, the results of the extrapolation calculations show that the Hungarian goal of Hungary being among the ten most developed digital countries in the E.U. by 2030 is unrealistic.

Suggested Citation

  • László Török, 2024. "Digital Transformation of Hungary’s Economy between 2015 and 2021: Results and Future Objectives," Sustainability, MDPI, vol. 16(11), pages 1-16, May.
  • Handle: RePEc:gam:jsusta:v:16:y:2024:i:11:p:4684-:d:1406117
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/11/4684/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/16/11/4684/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. AlNuaimi, Bader K. & Kumar Singh, Sanjay & Ren, Shuang & Budhwar, Pawan & Vorobyev, Dmitriy, 2022. "Mastering digital transformation: The nexus between leadership, agility, and digital strategy," Journal of Business Research, Elsevier, vol. 145(C), pages 636-648.
    2. Guandalini, Ilaria, 2022. "Sustainability through digital transformation: A systematic literature review for research guidance," Journal of Business Research, Elsevier, vol. 148(C), pages 456-471.
    3. Junping Yang & Ruiqi Wu & Haochun Yang, 2023. "Digital Transformation and Enterprise Sustainability: The Moderating Role of Regional Virtual Agglomeration," Sustainability, MDPI, vol. 15(9), pages 1-21, May.
    4. Sascha Kraus & Paul Jones & Norbert Kailer & Alexandra Weinmann & Nuria Chaparro-Banegas & Norat Roig-Tierno, 2021. "Digital Transformation: An Overview of the Current State of the Art of Research," SAGE Open, , vol. 11(3), pages 21582440211, September.
    5. Marti, Luisa & Puertas, Rosa, 2023. "Analysis of European competitiveness based on its innovative capacity and digitalization level," Technology in Society, Elsevier, vol. 72(C).
    6. Chunying Cui & Ziwei Yan, 2023. "Does the Digital Economy Promote Domestic Non-Tradable Sectors?: Evidence from China," Sustainability, MDPI, vol. 15(3), pages 1-23, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niels Vandevenne & Jonas Van Riel & Geert Poels, 2023. "Green Enterprise Architecture (GREAN)—Leveraging EA for Environmentally Sustainable Digital Transformation," Sustainability, MDPI, vol. 15(19), pages 1-39, September.
    2. Jinshan Zhang & Man Liu, 2024. "How to Leverage Digital Sustainability Orientation to Promote Environmentally Sustainable Practices of Manufacturing Enterprises in China," Sustainability, MDPI, vol. 16(12), pages 1-20, June.
    3. Rafael Martínez-Peláez & Alberto Ochoa-Brust & Solange Rivera & Vanessa G. Félix & Rodolfo Ostos & Héctor Brito & Ramón A. Félix & Luis J. Mena, 2023. "Role of Digital Transformation for Achieving Sustainability: Mediated Role of Stakeholders, Key Capabilities, and Technology," Sustainability, MDPI, vol. 15(14), pages 1-27, July.
    4. Zahoor, Nadia & Zopiatis, Anastasios & Adomako, Samuel & Lamprinakos, Grigorios, 2023. "The micro-foundations of digitally transforming SMEs: How digital literacy and technology interact with managerial attributes," Journal of Business Research, Elsevier, vol. 159(C).
    5. Paraskevi Boufounou & Magdalini Mavroudi & Kanellos Toudas & Georgios Georgakopoulos, 2022. "Digital Transformation of the Greek Banking Sector in the COVID Era," Sustainability, MDPI, vol. 14(19), pages 1-13, September.
    6. Fatih Gurcan & Gizem Dilan Boztas & Gonca Gokce Menekse Dalveren & Mohammad Derawi, 2023. "Digital Transformation Strategies, Practices, and Trends: A Large-Scale Retrospective Study Based on Machine Learning," Sustainability, MDPI, vol. 15(9), pages 1-23, May.
    7. Nadeem, Kashif & Wong, Sut I. & Za, Stefano & Venditti, Michelina, 2024. "Digital transformation and industry 4.0 employees: Empirical evidence from top digital nations," Technology in Society, Elsevier, vol. 76(C).
    8. Bargoni, Augusto & Santoro, Gabriele & Messeni Petruzzelli, Antonio & Ferraris, Alberto, 2024. "Growth hacking: A critical review to clarify its meaning and guide its practical application," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    9. Jinkyo Shin & Md Alamgir Mollah & Jaehyeok Choi, 2023. "Sustainability and Organizational Performance in South Korea: The Effect of Digital Leadership on Digital Culture and Employees’ Digital Capabilities," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    10. Guangdi Zhang & Yaojun Ye & Mengya Sun, 2023. "Assessing the Static and Dynamic Efficiency of Digital Economy in China: Three Stage DEA–Malmquist Index Based Approach," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    11. Du, Juntao & Shen, Zhiyang & Song, Malin & Zhang, Linda, 2023. "Nexus between digital transformation and energy technology innovation: An empirical test of A-share listed enterprises," Energy Economics, Elsevier, vol. 120(C).
    12. Lorenzo Ardito, 2023. "The influence of firm digitalization on sustainable innovation performance and the moderating role of corporate sustainability practices: An empirical investigation," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5252-5272, December.
    13. Julien Gosse & Chris CM Forman & Nicolas van Zeebroeck, 2023. "Adoption of ICT and Environmental Management Practices: Empirical Evidence from European Firms," Working Papers TIMES² 2023-070, ULB -- Universite Libre de Bruxelles.
    14. Nieto, María Jesús & Santamaria, Luis & Bammens, Yannick, 2023. "Digitalization as a facilitator of open innovation: Are family firms different?," Technovation, Elsevier, vol. 128(C).
    15. Ana M. Osorio & Luisa F. Úsuga & Jaime A. Restrepo-Carmona & Isabel Rendón & Julián Sierra-Pérez & Rafael E. Vásquez, 2024. "Methodology for Stakeholder Prioritization in the Context of Digital Transformation and Society 5.0," Sustainability, MDPI, vol. 16(13), pages 1-18, June.
    16. Shivam Gupta & Jazmin Campos Zeballos & Gema del Río Castro & Ana Tomičić & Sergio Andrés Morales & Maya Mahfouz & Isimemen Osemwegie & Vicky Phemia Comlan Sessi & Marina Schmitz & Nady Mahmoud & Mnen, 2023. "Operationalizing Digitainability: Encouraging Mindfulness to Harness the Power of Digitalization for Sustainable Development," Sustainability, MDPI, vol. 15(8), pages 1-37, April.
    17. Inam ul Haq & Sofia Anwar & Abdul Quddoos & Faraz Riaz, 2022. "Estimation of Digital Transformation in South Asian Economies: An Application of Broad-Spectrum Approach," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 152-160.
    18. Bencsik, Barbara & Palmié, Maximilian & Parida, Vinit & Wincent, Joakim & Gassmann, Oliver, 2023. "Business models for digital sustainability: Framework, microfoundations of value capture, and empirical evidence from 130 smart city services," Journal of Business Research, Elsevier, vol. 160(C).
    19. Basile, L.J. & Carbonara, N. & Panniello, U. & Pellegrino, R., 2024. "The role of big data analytics in improving the quality of healthcare services in the Italian context: The mediating role of risk management," Technovation, Elsevier, vol. 133(C).
    20. Yanan Liang & Cheng Zhang, 2024. "Digital transformation and total factor productivity of enterprises: evidence from China," Economic Change and Restructuring, Springer, vol. 57(1), pages 1-22, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:11:p:4684-:d:1406117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.