Toward a Digital Economy in Ecuador: Adoption of Emerging Technologies and Innovation Investment, 2018-2023

Abstract

This study examines Ecuador's progress in digital economy development and emerging technologies adoption between 2018 and 2023, compared to the Latin American regional context. Utilizing an advanced quantitative methodology, this research analyzes internet access, innovation investment, and the adoption rate of emerging technologies (artificial intelligence, blockchain, and IoT) using official data from the World Bank, CEPAL, MINTEL Ecuador, and BID. Additionally, a systematic literature review was conducted following PRISMA 2020 guidelines, sourcing articles from Scopus and Web of Science (WoS). Results reveal that Ecuador has achieved significant improvements, particularly in internet penetration (CAGR 7.89%) and emerging technologies adoption (CAGR 26.23%). However, gaps persist compared to the regional average. Regression analyses show statistically significant trends (p < 0.001) across all indicators. Findings underscore the critical interdependence between digital infrastructure, innovation funding, and technological adoption. Ecuador's advancement requires integrated policy actions focusing on connectivity, R&D investment, and workforce digital upskilling.