The Digital Economy and the Productivity Paradox

This book questions why digitalisation is not translating into higher productivity and economic expansion, exploring this paradox through the lens of Schumpeter's creative destruction hypothesis. It analyses the digital economy as the next stage of socio-economic evolution, with a focus on digital technologies in the industrial economy.

Michä W-odarczyk is Assistant Professor at the Department of Risk Management and Insurance at Cracow University of Economics, Krakow, Poland. Rafä Wis-a is Associate Professor in Economics at the Department of Economics and Innovation of the Jagiellonian University, Krakow, Poland.

1. The Digital Economy - Concept and Distinguishing Features 2. Schumpeterian Theory of Economic Development 3. Dimensions of the Digital Economy 4. The Problem of Measuring the Development of the Digital Economy 5. Explanatory Characteristics of the Digital Economy of EU Countries 6. Level of Digital Saturation of EU Economies - Presentation of Results