Prague Economic Papers 2023, 32(2):129-158 | DOI: 10.18267/j.pep.824

Efficiency of Digital Economy in the Context of Sustainable Development: DEA-Tobit Approach

Viktorija Skvarciany ORCID...a, Indrė Lapinskaitė ORCID...a, Viktorija Stasytytė ORCID...a
a Vilnius Gediminas Technical University, Vilnius, Lithuania

The paper aims at measuring the efficiency of the digital economy in EU countries. For that purpose, data envelopment analysis (DEA) is used. Sub-dimensions of the Digital Economy and Society Index (DESI) are used as inputs and the Sustainable Development Goals Index (SDGI) as an output. The results revealed that Bulgaria, Italy and Romania are the most efficient digital economies in terms of human capital; Belgium, Bulgaria, Cyprus, Croatia, Estonia, Finland, Greece, Lithuania, Poland and Portugal in terms of connectivity; Bulgaria, Hungary and Romania in terms of integration of digital technology; and Romania in terms of digital public services. The result of tobit regression analysis showed that not all the indicators of the DESI dimensions positively influence the efficiency of the digital economy.

Keywords: digital economy, sustainable development, data envelopment analysis
JEL classification: F43, O47

Received: August 15, 2022; Revised: February 1, 2023; Accepted: February 7, 2023; Published: April 26, 2023  Show citation

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Skvarciany, V., Lapinskait&#, I., & Stasytyt&#, V. (2023). Efficiency of Digital Economy in the Context of Sustainable Development: DEA-Tobit Approach. Prague Economic Papers32(2), 129-158. doi: 10.18267/j.pep.824
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