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Digitalization, Quality of Life and Purchasing Power

Author

Listed:
  • Roland Z. Szabó

    (Corvinus University of Budapest)

  • Márk János Tátrai

    (Corvinus University of Budapest)

Abstract

The World Economic Forum stated that while digitalization caused a rapid productivity growth, it has also had its disadvantages. Can digitalization be the catalyst of economic development? Our hypothesis contributes to the debate that the higher the level of digital development in a given country, the greater the quality of life and purchasing power it can achieve due to the benefits of various digital technologies. In our research, we investigated the relationship between the Digital Economy and Society Index (DESI), the Quality of Life Index (QLI) and the Purchasing Power Index (PPI) among the EU countries from 2014 to 2019. We acquired datasets from Eurostat and Numbeo and examined correlations between indices. We found a strong positive relationship between the level of digitalization, the quality of life, and the purchasing power.

Suggested Citation

  • Roland Z. Szabó & Márk János Tátrai, 2020. "Digitalization, Quality of Life and Purchasing Power," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 16(02), pages 97-102.
    • Handle: RePEc:mic:tmpjrn:v:16:y:2020:i:02:p:97-102
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    digitalization; ICT; transformation; European Union; middle income trap;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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