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Information Society Development As A Factor Of Economic Growth: European Union Countries Experience

Author

Listed:
  • Marina Akhmetova

    (Perm National Research Polytechnic University, Russia)

  • Aleksandra Krutova

    (Perm National Research Polytechnic University, Russia)

Abstract

The paper deals with the key aspects of information society development and its component – digital economy. Correlation and regression analysis was conducted based on statistical data for 27 countries of the European Union for the period from 2016 to 2018. The authors selected for research purposes such groups of indicators as the availability and use of information and communication technologies (ICT), individual's skills in the field of ICT for personal and professional needs, and the level of ICT sector development. The analysis revealed a range of digital economy factors that have significant impact on the GDP per capita. Namely it allows to identify the most significant factors affecting the economy of the EU countries. Along with that using best practice analysis the authors suggest priority areas for improving and implementing government programs in order to provide higher rates of economic growth.

Suggested Citation

  • Marina Akhmetova & Aleksandra Krutova, 2020. "Information Society Development As A Factor Of Economic Growth: European Union Countries Experience," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 18(4), pages 335-353.
    • Handle: RePEc:brv:journl:v:18:y:2020:i:4:p:335-353
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    File URL: https://fmv.euba.sk/RePEc/brv/journl/mv2020-4.pdf
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    More about this item

    Keywords

    information society; digital economy; correlation; regression; GDP; economic growth;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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