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The Impact of ICT Investments on GDP in Central and South-East Europe

Author

Listed:
  • Dimitrie-Daniel PLACINTA
  • Elena-Aura GRIGORESCU
  • Bogdan-Stefan POSEDARU
  • Florin-Valeriu PANTELIMON
  • Corina-Marina MIREA
  • Andrei BOBOCEA

Abstract

This paper provides a comparative analysis between Central and Southeastern European (SEE) countries, members of the European Union, based on their investment in the ICT sector over a period of 2008-2019. The countries analyzed are as follows: Austria, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Malta, Poland, Romania, Slovakia. The conclusion of the article is that there is a strong correlation (83%) between the ICT investments indicator and the GDP indicator, and there are negative correlations between the percentage of ICT personnel in total employment, business expenditure on R&D (BERD) in the ICT sector as a percentage of total R&D expenditure by NACE Rev. 2 activity, the R&D personnel in the ICT sector as percent of total R&D personnel by NACE Rev. 2 activity and GDP for the mentioned countries with the 2008-2019. These last three negative correlations were expected due to the focus on the outsourcing activities, inefficient R&D sector for the countries mentioned above from Central and South-East Europe during the 2008-2019 period.

Suggested Citation

  • Dimitrie-Daniel PLACINTA & Elena-Aura GRIGORESCU & Bogdan-Stefan POSEDARU & Florin-Valeriu PANTELIMON & Corina-Marina MIREA & Andrei BOBOCEA, 2022. "The Impact of ICT Investments on GDP in Central and South-East Europe," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 26(2), pages 20-28.
    • Handle: RePEc:aes:infoec:v:26:y:2022:i:2:p:20-28
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