DIGITAL ECONOMY AS A SOURCE OF EMERGENT GROWTH

Abstract

The scientific issue "Digital economy as a source of emergent growth" is important because it adds to the development of the general theory of the digital economy. After all, solving this issue necessitates answering important general questions about the scale, structure of the digital economy and its multiplier effect on other sectors. At the same time, this scientific issue is important for the Ukrainian economy, which has to find sources of rapid stabilization and post-war recovery. The purpose of this study is to more precisely identify the concept of "Emergent Growth" and apply the ideas (contents) of this concept in the context of transforming the digital economy into a source of "Emergent Growth" of the Ukrainian economy. Part of the overall goal of this study is to identify the main circumstances that hampered emergent growth before the start of the active phase of the Moscow-Ukrainian war and may hinder growth in the post-war recovery. Accordingly, we are discussing the circumstances that hinder the digital economy and its IT sector from becoming a source of emergent growth. The research uses the tools of the theory of endogenous/exogenous economic growth, structural analysis, analysis based on rating evaluation, analysis of the digital economy and ICT sector economic indicators dynamics. The results of the research were embodied in: determining the content of the emergent growth category based on its connections with the endogenous/exogenous growth, developed/developing economies, sustainable growth categories; judgements about the general conditions for transforming the digital economy into a source of emergent growth; substantiating the potential of the Ukrainian ICT sector as a source of "Emergent Growth" of the Ukrainian economy; the use of the scheme of the digital economy economic cycle to explain the content of "Emergent Growth"; substantiating the potential of the Ukrainian ICT sector as a source of "Emergent Growth" of the Ukrainian economy and outlining some features of the Ukrainian economy and society, which objectively inhibit the real performance of the role of the source (factor) of "Emergent Growth" by the ICT sector.