The Impact of Digital Economy on Economic Growth in South Africa
DOI:
https://doi.org/10.1229/tecempresarialjournal.v18i1.161Abstract
This research paper explores the impact of digital economy on economic growth in South Africa. With the increasing adoption of technology in the country, digital economy has become an important aspect of South Africa's economic development. This study aims to examine the relationship between digital economy and economic growth in South Africa, by analyzing the data from 2010 to 2020. The research methodology used in this study is a quantitative approach, using secondary data from various sources such as the World Bank, International Monetary Fund (IMF), and the South African Reserve Bank. The data is analyzed using econometric techniques, including regression analysis and correlation analysis. The findings of this study show a positive relationship between digital economy and economic growth in South Africa. The results suggest that digital economy has contributed significantly to economic growth in the country over the past decade. Furthermore, the study also highlights the potential of digital economy to further accelerate economic growth in South Africa. In conclusion, the results of this study emphasize the importance of digital economy in driving economic growth in South Africa. The findings suggest that policymakers and stakeholders in the country should continue to prioritize and invest in digital economy to sustain economic development and growth.
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