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by api_or_ipa 2435 days 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_&...

1 comments

Lithuania itself is pretty good at digital economy and has pretty strong fintech scene for the country that size.