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I've heard so much about Estonia's digital economy, but I struggle to see the effect it has on it's own economy. Now, my data might be bad, but a cursory look
by api_or_ipa 7y ago
I've heard so much about Estonia's digital economy, but I struggle to see the effect it has on it's own economy. Now, my data might be bad, but a cursory look at Estonia's GDP growth rate shows perfectly normal growth alongside Lithuania and Latvia [0]. Using Latvia and Lithuania to control for a digital economy, Estonia should see greater growth, but it doesn't. If going head-first into a digital economy had a significant pay-off, it should show up in the data. Until it does, I'm still sceptical.
0: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_kd_zg&scale_y=lin&ind_y=false&rdim=region&idim=country:EST:LVA:LTU&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...
- alko4141 7y agoLithuania itself is pretty good at digital economy and has pretty strong fintech scene for the country that size.