We then performed a correlation analysis between the variables, and three models were estimated using the generalized moments panel method (GMM) using a fixed cross-section. A statistical analysis of the variables was carried out separately for all OECD countries and the transition and innovation countries groups. We used a panel data sample from the World Bank covering 36 OECD countries from 2000 to 2019. The study of this gap in the literature allows us to infer important implications for policymakers to implement the digital agenda more efficiently. However, there are still no studies that analyze this problem for the group of OECD countries, let alone divide these countries according to their level of economic development to assess the differences between more developed countries and less developed. This longitudinal study analyzes the impact of the digital economy on economic growth in Organisation for Economic Co-operation and Development (OECD)’s countries, divided into groups by their level of development (transition and innovation countries).Įmpirical studies on information and communications technology (ICT)’s impact on countries’ economic growth have increased over the last few years. The paper demonstrates that ICT is a key enabler in the successful implementation of radical new strategies. – This paper shows that coming up with a radical business model that breaks the rules of the game in an industry is easy! The difficult part is to implement such radical strategies in the marketplace so as to deliver real value to customers in a cost‐efficient and profitable way. ICT also allows strategic innovators to scale up their business models quickly and so protect themselves from competitive attacks. – The paper shows that ICT enables firms to: reach consumers that most competitors cannot serve profitably offer radically new value propositions to consumers that other firms cannot deliver in a cost‐efficient way and put in place value chains that no other firm could do efficiently. Several of these cases are used in the paper to highlight the points made. – Generalizations are made based on 20 case studies of companies that strategically innovated in their industries by introducing radical new business models. – To show how information and communication technologies (ICTs) could help a company implement radical new strategies.
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