The Digital Economy, ICT and Economic Growth in the CEE Countries

2015 ◽  
Vol 10 (3) ◽  
pp. 247-262 ◽  
Author(s):  
Łukasz Arendt
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Communication Technologies ◽  
General Purpose ◽  
Digital Economy ◽  
Gdp Growth ◽  
Eastern European ◽  
General Purpose Technologies ◽  
Information And Communication ◽  
The Impact

This paper focuses on the relationship between Information and Communication Technologies, GDP growth and productivity in the Central and Eastern European (CEE) countries. It elaborates on measures of the digital economy/information society, emphasizing the role of complementary factors to ICT that are crucial for the productive use of these General Purpose Technologies. The paper discusses the impact of technical progress, induced by the development of ICT, on sources of economic growth by describing changes in the contribution of ICT capital and non-ICT capital, labour and TFP to GDP growth in the CEE and EU-15 countries.

The Impact of Information and Communication Technologies on Economic Growth and Electricity Consumption

2020 ◽  
pp. 307-324
Author(s):  
Burcu Berke ◽  
Gülsüm Akarsu ◽  
Gökhan Obay
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Electricity Consumption ◽  
Communication Technologies ◽  
European Countries ◽  
Eastern European ◽  
Economic Variables ◽  
Information And Communication ◽  
Eastern European Countries ◽  
The Impact

Information overload is an important issue in the digital economy. Although, information can be easily accessed and disseminated by widespread use of information and communication technologies (ICT) since 1990s; among countries, there are still significant disparities in information access and utilization as well as ICT access and usage. ICT affect economy, industries and companies holistically and have important functions like increasing economic growth and promoting development. The basic purpose of this study is to analyze the impact of ICT on economic growth and electricity consumption for a group of Balkan and Eastern European countries by using other economic variables that affect electricity consumption and growth, such as income and electricity consumption for control purposes. This study employed a panel data method on a group of Balkan and Eastern European countries to verify the effect of other economic variables, primarily electricity consumption and found that ICT had positive impacts on economic growth.

The Impact of Information and Communication Technologies on Economic Growth and Electricity Consumption

2017 ◽  
pp. 176-200
Author(s):  
Burcu Berke ◽  
Gülsüm Akarsu ◽  
Gökhan Obay
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Electricity Consumption ◽  
Communication Technologies ◽  
European Countries ◽  
Eastern European ◽  
Economic Variables ◽  
Information And Communication ◽  
Eastern European Countries ◽  
The Impact

Information overload is an important issue in the digital economy. Although, information can be easily accessed and disseminated by widespread use of information and communication technologies (ICT) since 1990s; among countries, there are still significant disparities in information access and utilization as well as ICT access and usage. ICT affect economy, industries and companies holistically and have important functions like increasing economic growth and promoting development. The basic purpose of this study is to analyze the impact of ICT on economic growth and electricity consumption for a group of Balkan and Eastern European countries by using other economic variables that affect electricity consumption and growth, such as income and electricity consumption for control purposes. This study employed a panel data method on a group of Balkan and Eastern European countries to verify the effect of other economic variables, primarily electricity consumption and found that ICT had positive impacts on economic growth.

Four Questions on the Digital Economy

2019 ◽  
Vol 8 (1) ◽  
pp. 5-14
Author(s):  
Василий Свистунов ◽  
Vasiliy Svistunov ◽  
Виталий Лобачев ◽  
Vitaliy Lobachyev
Keyword(s):  
Information And Communication Technologies ◽  
Information Technologies ◽  
Practical Importance ◽  
Communication Technologies ◽  
Digital Economy ◽  
Current State ◽  
Information And Communication ◽  
State Of Affairs ◽  
National Economies ◽  
The Impact

The article is devoted to the analysis of the main modern trends of digitalization of the economies of the leading world powers. Particular attention is paid to the state of Affairs with the practice of information and communication technologies in the Russian Federation. The analysis of trends in the participation of the digital economy in the formation of GDP of a number of countries, including Russia. The impact of digitalization processes on the current state and further development of various spheres of management is assessed. The practice of development of strategic programs for the development of national economies, which determine the targets for the development and implementation of modern information technologies in various industries and activities to improve the efficiency of national socio-economic systems. The author’s position in determining the main features of the current state of the digital economy of Russia is based on the generalization of the results of studies conducted by a number of international companies, and is of practical importance in the study of the problem of the ongoing transformation of social and labor relations in the context of digitalization.

scholarly journals Revisiting the Nexus between Digital Economy and Economic Prosperity: Evidence from a Comparative Analysis

2021 ◽  
Vol 9 (2) ◽  
pp. 69-90
Author(s):  
Nidhal Mgadmi ◽  
Wajdi Moussa ◽  
Azza Béjaoui ◽  
Tarek Sadraoui ◽  
Afef Guachaoui
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Digital Technologies ◽  
Communication Technologies ◽  
Digital Economy ◽  
Economic Prosperity ◽  
Information And Communication ◽  
Short And Long Term ◽  
New Institutions

In this paper, we try to investigate the contribution of digitalization on economic growth in both developed and developing countries over the period 1990-2020. For this end, different econometric tools are applied on a panel dataset. Overall, we show that the digital technologies seem to significantly and positively affect economic growth in both groups of countries. The digitalization impact level tends to differ across countries. Our empirical results also display that the short- and long-term relationship between information and communication technologies and economic growth is well documented. Such results can be useful for policymakers to enhance the digital economy and provide novel channels to develop adequate policies and promote new institutions. So, benefits from digitalization can lead to realize substantial economic growth.

Digitalization of entrepreneurship as a driver of its growth

2020 ◽  
Vol 19 (7) ◽  
pp. 1218-1230
Author(s):  
O.B. Brichuk ◽  
A.D. Nevskaya
Keyword(s):  
Information And Communication Technologies ◽  
Communication Technologies ◽  
Digital Economy ◽  
Economic Life ◽  
Digital Government ◽  
Economic Agents ◽  
Key Factor ◽  
Information And Communication ◽  
Favorable Conditions ◽  
The Impact

Subject. The article considers the impact of digital economy on entrepreneurship, which is a key factor in influencing the social and economic life of countries with market economies. New economic processes are emerging, such as e-commerce, as well as new economic agents, such as digital government and digital enterprises, which, in turn, are shaping the digital entrepreneurial ecosystem. Objectives. We focus on exploring the impact of digital economy on business activity. Methods. The study draws on the methods of logical and statistical analysis. Results. The digital economy is forcing many States to take a new course in their policies to improve socio-economic processes. In 2017, the RF President's Decree was issued called On the Strategy for Information Society Development in the Russian Federation for 2017–2030, which is aimed at the development of information and communication technologies, including those ones in the economy. Conclusions. Any State should provide favorable conditions for digitalization of entrepreneurship. Public financial support is crucial for creating and fostering innovative center for development of new digital enterprises.

From e-Government to e-Governance

2013 ◽  
pp. 1-24
Author(s):  
Wolter Lemstra
Keyword(s):  
Information And Communication Technologies ◽  
Industrial Revolution ◽  
Communication Technologies ◽  
General Purpose ◽  
Policy Formation ◽  
Policy Action ◽  
General Purpose Technologies ◽  
Economic Paradigm ◽  
Information And Communication ◽  
The Many

In this chapter, the authors elaborate on the concepts of e-Government and e-Governance and place these concepts in the broader context of the introduction and diffusion of information and communication technologies. The question that is being addressed is “what should an effective and pro-active e-Government do?” For that purpose, the ICTs are not only considered general purpose technologies, but recognized as the driving force of an unfolding technological revolution. As such, a recurrent pattern in techno-economic and socio-economic development can be discerned that goes back to the First Industrial Revolution in Britain around the late 1700s and early 1800s. It is argued that appreciating the fifth instance of this pattern and recognizing the challenges each transition invokes can inform the policy formation process and make policy action more effective. In the broader context of roles that governments may assume, a stepwise approach is introduced to address the many challenges the diffusion of ICTs is bringing about in the economic and social realm, aimed at reaping the benefits implied in the new techno-economic paradigm.

scholarly journals A sustainable economy for Senegal: A transition to a digital-based economy

2018 ◽  
Vol 6 (12) ◽  
pp. 11-25
Author(s):  
NDIAYE SOULEYMANE
Keyword(s):  
Economic Growth ◽  
Information And Communication Technologies ◽  
Positive Impact ◽  
Estimation Method ◽  
Communication Technologies ◽  
Distributed Lag ◽  
Information And Communication ◽  
Auto Regressive ◽  
The Impact

The purpose of this article is to analyze the sustainability of the Senegalese economy towards a digital transition. To do this, this work focused on modeling the relationship between digital technologies and economic growth. We applied the ARDL (Auto-Regressive Distributed Lag) estimation method to model the long-term and short-term dynamics of the impact of the digital economy on economic growth in Senegal. The results of the estimates, as part of the specification used, lead to the conclusion that there is a positive impact of information and communication technologies (ICT) on economic growth. These results are mainly due to the productive nature of investment and factor productivity.

scholarly journals Does Information and Communication Technologies Sustain Economic Growth? The Underdeveloped and Developing Countries Case

2010 ◽  
pp. 147-160
Author(s):  
Erkan Erdil ◽  
I. Hakan Yetkiner ◽  
Burcu Türkcan
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Information And Communication Technologies ◽  
Communication Technologies ◽  
Data Set ◽  
Long Run ◽  
Determining Factors ◽  
Information And Communication ◽  
The Impact ◽  
The Relationship

This chapter tests the impact of ICT on economic growth for underdeveloped and developing countries by using a panel dataset for the period of 1995-2006. The authors first develop the theory of the relationship between ICT and economic growth. They show that ICT-capital has a positive effect both on long-run and transitional income per capita, if it is considered as a factor of production. Next, the authors estimate a panel data set with 131 underdeveloped and developing countries under the assumption that ICT is one of the determining factors of economic growth. They find that ICT has positive and significant effect on economic growth even after the use of some control variables.

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