Measuring the Impact of Business Digitalization on Indonesia's Economic Growth in 2020, 2022, and 2023: A Study of Electronic Commerce, Marketing, and Digital Payments
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Key Points
Electronic commerce significantly enhances Indonesia's economic growth, indicating its crucial role in the digital economy.
Digital payments, however, show a significant negative effect on economic growth, raising concerns over their impact.
This analysis used panel data regression to evaluate the relationships between digitalization and economic growth.
Understanding these dynamics can guide efforts to leverage digital tools for better economic outcomes in Indonesia.
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Implication
Analysis shows electronic commerce boosts economic growth in Indonesia, while digital payments negatively affect it.