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Transforming the Socio Economy with Digital innovation - 1st Edition - ISBN: 9780323884655, 9780323884662

Transforming the Socio Economy with Digital innovation

1st Edition

Authors: Chiho Watanabe Yuji Tou Pekka Neittaanmäki
Paperback ISBN: 9780323884655
eBook ISBN: 9780323884662
Imprint: Elsevier
Published Date: 6th May 2021
Page Count: 318
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Transforming the Socio Economy with Digital Innovation explores the impacts of digital innovation on socioeconomic phenomena, resilience and governance. The book examines the limitation of using GDP as a measure of economic growth in digital societies, stressing how the Internet promotes a "free" culture that cannot be captured through GDP data. The book synthesizes multi-dimensional research consisting of digital platform ecosystems observations, theoretical appraisals, statistical methods development, in-depth empirical analysis, and database construction for analysis and outcomes compilation. Utilizing analysis from more than 500 global ICT leaders, this book identifies potential challenges and solutions for academic analysis, economic planning and policymaking.

Key Features

  • Presents consistently organized chapter structures to create a strong narrative
  • Provides concrete, evidence-based proposed solutions
  • Includes appendices of mathematics for techno-economic analysis


Researchers, scholars and graduate students. Analysts, consultants, managers, planner, policy makers

Table of Contents

1. Introduction

2. The Productivity Paradox and the Limitations of GDP in the Digital Economy
2.1. The Increasing Significance of the Mismatch in the Digital Economy
2.2. The Productivity Paradox: From “Computer-Initiated” to “Internet-Initiated”
2.3. New Spin-off Business Strategies from a PoT Society to an IoT Society
2.4. The Limitations of GDP in Measuring the Digital Economy
2.5. Conclusion

3. The Growth of Uncaptured GDP
3.1. Structural Sources of the Productivity Decline in the Digital Economy
3.2. The Two-Faced Nature of ICT
3.3. The Shift from Monetary to Non-Monetary Consumption
3.4. Measuring Uncaptured GDP
3.5. Conclusion

4. The Emergence of Soft Innovation Resources
4.1 The New Stream of the Digital Economy and Beyond
4.2 Remarkable Disruptive Business Models that Emerge New Innovations
4.3 Soft Innovation Resources
4.4 Assessment of Soft Innovation Resources
4.5. Conclusion
References* * Reference for 4.2 are listed in each of the 6 subsections 4.2.1 - 4.2.6.

5. Neo Open Innovation in the Digital Economy
5.1. R&D-Driven Growth in an IoT Society
5.2. Bipolarization of ICT-Driven Development
5.3. R&D Expansion vs. the Decline in Productivity
5.4. Neo Open Innovation
5.5. Conclusion

6. The Transformation of R&D into Neo Open Innovation
6.1. A New Concept of R&D in Neo Open Innovation
6.2. The Fusion of Technology Management and Financial Management
6.3. Investor Surplus Leveraging Stakeholder Capitalization
6.4. Orchestrating Techno-Financing Systems
6.5. Conclusion

7. Operationalizing Uncaptured GDP with Neo Open Innovation
7.1. New Direction in Research for Future Neo Open Innovation
7.2. Conceptualize and Operationalize the Transformation Process
7.3. Tracking the Return of Input Journey as Outcomes via Digital Transformation
7.4. Embedding Growth during the R&D Process
7.5. Conclusion

8. Conclusion

Appendix I. Basic Mathematics for Techno-economic Analysis
Appendix II. Database for Techno-economic Analysis
Appendix III. Remarkable Disruptive Business Models that Emerge New Innovations


No. of pages:
© Elsevier 2021
6th May 2021
Paperback ISBN:
eBook ISBN:

About the Authors

Chiho Watanabe

Chihiro Watanabe is Professor Emeritus of Tokyo Institute of Technology and Research Professor of University of Jyväskylä. He is the author of 7 books and 200 journal articles, sits on the Board of 8 journals and academic associations, and is recipient of 7 honorable awards. Prior to academia, he worked for 26 years at the Ministry of International Trade and Industry. His research focuses on institutional innovation and techno-economics.

Affiliations and Expertise

Professor Emeritus, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, Japan; Research Professor, University of Jyvaskyla, Jyväskylä, Finland

Yuji Tou

Yuji Tou is Associate Professor at Tokyo Institute of Technology and Research Officer of Economic and Social Jyväskylä Research Institute of Cabinet Office. He is co-author of 5 books and 30 journal articles. His research focus is on techno-economics.

Affiliations and Expertise

Associate Professor, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, Japan

Pekka Neittaanmäki

Pekka Neittaanmäki is Professor at University of Jyväskylä and the UNESCO Chair on Digital Platforms for Emerging Economies. He is the author of 50 books and 300 articles. He is on the Board of 10 journals and academic associations and has received 10 honorable awards. His research is on digital platform economics and information technology industrial applications.

Affiliations and Expertise

Professor, University of Jyväskylä, Jyväskylä, Finland

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