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Assessing The Effects Of The Ict Sector Development In The European Union

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  • Sorin-Iulian CIOACA
  • Adrian ENCIU

Abstract

Starting from the latest developments from the European Union, this article analyses the impact of the dynamics of the Information and Communication Technologies (ICT) sector towards achieving sustainable economic growth. We use data panel models to assess these effects, by considering data for the member states of the European Union, for the 2008-2017 time frame. The study reveals the positive effect of the ICT sector on wealth accumulation at the European Union level, as measured by the GDP per capita indicator. A negative effect was seen on income distribution at the European level, as the development of the ICT sector may lead to increasing income inequality. These results may draw attention to those involved in adopting and implementing the measures envisaged in the European Union, in order to attain the expected sustainable goals, mainly those associated with reducing poverty and income inequality.

Suggested Citation

  • Sorin-Iulian CIOACA & Adrian ENCIU, 2018. "Assessing The Effects Of The Ict Sector Development In The European Union," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(1), pages 174-187, November.
    • Handle: RePEc:rom:mancon:v:12:y:2018:i:1:p:174-187
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