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Advances in digital innovations continue to dramatically change daily life, work and the economy. Transforming to a Digital Society and Economy provides deep insights for advancing economic growth in our developing digital world, explaining the underlying techno-economics and our ability to make informed decisions. Using empirical analyses derived from data-driven modeling, Transforming to a Digital Society and Economy explores the impacts of digital innovation on socio-economic phenomena, resilience, and governance. It 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, Transforming to a Digital Society and Economy identifies potential challenges and solutions for academic analysis, economic planning, and policy-making.
- Consistently organized chapter structures that create a strong narrative
- Concrete evidence-based proposed solutions
- Appendices of mathematics for techno-economic analysis
Researchers, scholars and graduate students. Analysts, consultants, managers, planner, policy makers
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
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
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
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
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
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
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
- eBook ISBN:
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.
Professor Emeritus, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, Japan; Research Professor, University of Jyvaskyla, Jyväskylä, Finland
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.
Associate Professor, Tokyo Institute of Technology, Meguro Yokohama Tamachi, Tokyo Kanagawa, Japan
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.
Professor, University of Jyväskylä, Jyväskylä, Finland
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