Mapping the Evolution of Digital Economy Business Models: A Decade of Insights through Bibliometric Analysis
Abstract
This study maps the evolution of research on digital economy business models over the past decade using bibliometric methods. Drawing on 226 articles retrieved from the Web of Science Core Collection (2013–2022), CiteSpace software was employed to visualize co-authorship, institutional networks, high-frequency and burst keywords, clusters, and co-citation patterns. The analysis reveals rapid growth of scholarship since 2018, yet highlights fragmented collaboration networks and limited integration across disciplines. Research hotspots such as digital transformation, platform innovation, and the sharing economy dominate the field, while emerging themes including artificial intelligence, circular economy, and digital entrepreneurship illustrate its expanding scope. Despite significant progress, the field remains in an exploratory stage, lacking a cohesive theoretical core. The study contributes by refining the intellectual map of digital economy business model research, identifying gaps, and outlining future directions for building integrated frameworks that link theory, innovation, and governance.
Keywords:
Digital economy, Platform economy, Business model innovation, Bibliometric analysis, CiteSpaceCopyright Notice & License:
This article is published under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0).
Under this license:
-
Authors retain copyright and grant the journal the right of first publication.
-
Users are free to share (copy and redistribute) and adapt (remix, transform, and build upon) the material for any purpose, including commercial use.
-
Proper attribution must be given to:
-
The original author(s),
-
PoliEcoM Administration Review as the source,
-
The article’s DOI or permanent URL,
-
And the license: Creative Commons Attribution 4.0 International License (CC BY 4.0).
-
There are no restrictions on commercial reuse, derivative works, or machine-readable access (e.g., AI training or meta-research).
License URL: https://creativecommons.org/licenses/by/4.0/

This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Amit, R., & Zott, C. (2001). Value creation in e‐business. Strategic management journal, 22(6‐7), 493-520.
Bellman, R., Clark, C. E., Malcolm, D. G., Craft, C. J., & Ricciardi, F. M. (1957). On the construction of a multi-stage, multi-person business game. Operations Research, 5(4), 469-503.
Catalini, C. (2017). How blockchain technology will impact the digital economy. Blockchains Smart Contracts Internet Things, 4, 2292-2303.
Chen, C. (2012). Predictive effects of structural variation on citation counts. Journal of the American Society for Information Science and Technology, 63(3), 431-449. https://doi.org/10.1002/asi.21694
Chen, C. (2014). The citespace manual. College of Computing and Informatics, 1(1), 1-84.
Chen, C., Hu, Z., Liu, S., & Tseng, H. (2012). Emerging trends in regenerative medicine: a scientometric analysis in CiteSpace. Expert opinion on biological therapy, 12(5), 593-608. https://doi.org/10.1517/14712598.2012.674507
Chen, Y., Chen, C., Liu, Z., Hu, Z., & Wang, X. (2015). The methodology function of CiteSpace mapping knowledge domains. Studies in Science of Science, 33(2), 242-253. https://doi.org/10.16192/j.cnki.1003-2053.2015.02.009
Cisco, U. (2020). Cisco annual internet report (2018–2023) white paper. Cisco: San Jose, CA, USA.
Costa, D. F., Carvalho, F. d. M., & Moreira, B. C. d. M. (2019). Behavioral economics and behavioral finance: a bibliometric analysis of the scientific fields. Journal of Economic Surveys, 33(1), 3-24. https://doi.org/10.1111/joes.12262
Freeman, L. C. (1977). A set of measures of centrality based on betweenness. Sociometry, 35-41.
Gilsing, V., Nooteboom, B., Vanhaverbeke, W., Duysters, G., & Van Den Oord, A. (2008). Network embeddedness and the exploration of novel technologies: Technological distance, betweenness centrality and density. Research Policy, 37(10), 1717-1731. https://doi.org/10.1016/j.respol.2008.08.01
Guan, H., & Guo, X. (2021). Research on New Trends of Brand Experience—Based on the Perspective of Bibliometrics. Journal of Commercial Economics.
Hamari, J., Sjöklint, M., & Ukkonen, A. (2016). The sharing economy: Why people participate in collaborative consumption. Journal of the association for information science and technology, 67(9), 2047-2059. https://doi.org/10.1002/asi.23552
Hu, Z., Sun, J., & Wu, Y. (2013). Research Review on Application of Knowledge Mapping in China. Library and information servce, 57(03), 131. https://doi.org/10.7536/j.issn.0252-3116.2013.03.024
Ju, J., Kim, M.-S., & Ahn, J.-H. (2016). Prototyping business models for IoT service. Procedia Computer Science, 91, 882-890. https://doi.org/10.1016/j.procs.2016.07.106
Kuebart, A. (2019). Geographies of relational coordination in venture capital firms. European Planning Studies, 27(11), 2206-2226. https://doi.org/10.1080/09654313.2019.1620696
Kuebart, A., & Ibert, O. (2019). Beyond territorial conceptions of entrepreneurial ecosystems: The dynamic spatiality of knowledge brokering in seed accelerators. Zeitschrift für Wirtschaftsgeographie, 63(2-4), 118-133. https://doi.org/10.1515/zfw-2018-0012
Li, F. (2020a). The digital transformation of business models in the creative industries: A holistic framework and emerging trends. Technovation, 92, 102012. https://doi.org/10.1016/j.technovation.2017.12.004
Li, F. (2020b). Leading digital transformation: three emerging approaches for managing the transition. International Journal of Operations & Production Management. https://doi.org/10.1108/IJOPM-04-2020-0202
Li, J. (2015). CiteSpace Chinese. http://cluster.ischool.drexel.edu/~cchen/citespace/manual/CiteSpaceChinese.pdf
Mayo, M. C., & Brown, G. S. (1999). Building a competitive business model. Ivey Business Journal, 63(3), 18-23.
Miroshnychenko, I., Strobl, A., Matzler, K., & De Massis, A. (2021). Absorptive capacity, strategic flexibility, and business model innovation: Empirical evidence from Italian SMEs. Journal of business research, 130, 670-682. https://doi.org/10.1016/j.jbusres.2020.02.015
Morris, M. H., Pitt, L. F., & Honeycutt, E. D. (2001). Business-to-business marketing: A strategic approach. Sage.
Negroponte, N., Harrington, R., McKay, S. R., & Christian, W. (1997). Being digital. Computers in Physics, 11(3), 261-262.
Price, D. d. S. (1976). A general theory of bibliometric and other cumulative advantage processes. Journal of the American society for Information science, 27(5), 292-306.
Romanova, O. (2018a). Industrial policy priorities of Russia in the context of challenges of the fourth industrial revolution. Part 1. Ekonomika Regiona= Economy of Regions(2), 420.
Romanova, O. (2018b). Industrial policy priorities of Russia in the context of challenges of the fourth industrial revolution. Part 2. Ekonomika Regiona= Economy of Regions(3), 806.
Russo-Spena, T., Tregua, M., D'Auria, A., & Bifulco, F. (2022). A digital business model: an illustrated framework from the cultural heritage business. International Journal of Entrepreneurial Behavior & Research. https://doi.org/10.1108/IJEBR-01-2021-0088
Soluk, J., Miroshnychenko, I., Kammerlander, N., & De Massis, A. (2021). Family influence and digital business model innovation: the enabling role of dynamic capabilities. Entrepreneurship Theory and Practice, 45(4), 867-905. https://doi.org/10.1177/1042258721998946
Su, Z., Zhang, M., & Wu, W. (2021). Visualizing sustainable supply chain management: A systematic scientometric review. SUSTAINABILITY, 13(8), 4409. https://doi.org/10.3390/su13084409
Täuscher, K., & Laudien, S. M. (2018). Understanding platform business models: A mixed methods study of marketplaces. European Management Journal, 36(3), 319-329. https://doi.org/10.1016/j.emj.2017.06.005
Teece, D. J. (2018). Profiting from innovation in the digital economy: Enabling technologies, standards, and licensing models in the wireless world. Research Policy, 47(8), 1367-1387. https://doi.org/10.1016/j.emj.2017.06.005
Wang, P., & Cheng, H. (2022). Evolutionary path, hot spots and outlook of domestic digital economy based on Knowledge Graph. Science and Management, 1-12.
Wang, Z., Zhang, X., & Tu, J. (2016). The expansion and alienation of platform power in the era of big data. Jiangxi Social Science(5), 222-228.
WTO. (2020). Government policies to boost innovation in the digital age. https://www.wto.org/english/res_e/booksp_e/wtr20_e/wtr20_e.pdf
Yan, S., Zhu, N., & Zeng, Y. (2014). Hotspot Topics and Evolution of Curriculum Researchin the Past 12 Years in China :Based on the Knowledge Mapping of Key Words of CSSCIEducational Journals Published in 2001-2012. Global Education, 43(3), 64-72.
Zhou, W., Kou, A., Chen, J., & Ding, B. (2018). A retrospective analysis with bibliometric of energy security in 2000–2017. Energy reports, 4, 724-732. https://doi.org/10.1016/j.egyr.2018.10.012
Zott, C., Amit, R., & Massa, L. (2011). The business model: recent developments and future research. Journal of management, 37(4), 1019-1042. https://doi.org/10.1177/0149206311406265

