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. 2023 Jul 7;9(7):e17654. doi: 10.1016/j.heliyon.2023.e17654

Table 5.

Digital economy toot kit comparison.

Tool Kit Weighting Factor Used Takes Into Consideration
Most Dataset Publicly Available in Nigeria Currently Feasible for Developing Countries
Economy Government Social Wellbeing Free services Peculiarities of Developing Economies
Digital Economy and Society Index (DESI) (2020) No Free Yes No Yes No No No No
Network Readiness Index (NRI) (2020) Yes Yes Yes Yes No No No Yes
Electronic Government Development Index (EGDI) (2020) Yes No Yes No No No No Yes
ICT Development Index (2017) Yes No No Yes Yes No No Yes
Measuring digital development: facts and figures (2020) No Yes No Yes No No Yes Yes (Not Extensive Enough)
Going Digital Toolkit (2020) No Yes No Yes Yes No No Yes
ROAM-X framework (2020) Yes No No Yes No No No Yes
Digital Economy Country Assessment (DECA) (2020) Yes No Yes No No No Yes
Digital Adoption Index – (2016) NO No Yes Yes No Yes Yes
Research and Analysis on the Index System of Digital Economy in Anhui Province (2021) Yes Yes No No Yes No No No
Study on the effect of digital economy on high-quality economic development in China (2021) Yes No No No No No No No
Impact of broadband speed on economic outputs: An empirical study of OECD countries Yes No No No Yes
Impact of ICT development on economic growth. A study of OECD European union countries Yes Yes No Yes No No No Yes
Measuring the efficiency of digital convergence (data envelopment analysis (DEA) and Malmquist productivity index) Yes Yes No No No No No No
A new measure of digital economic activity and its impact on local opportunity No No No No No Yes Yes Yes
Approaches to Defining and Measuring Russia's Internet Economy Based on System of National Accounts (SNA), Yes Yes No No No No No NO