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Increasing Use Of Digital Technologies In Function Of Economic Growth In European Countries

Author

Listed:
  • Valentina Mucunska Palevska

    (University of Tourism and Management in Skopje, North Macedonia)

  • Blagica Novkovska

    (University of Tourism and Management in Skopje, North Macedonia)

Abstract

Impact of the Information and Communication Technologies (ICT) on economic growth, recently attracted high research intererst. Thus, it has been found that in the case of developed European economies the considered impact is significant. In general, ICT diffusion has significant impact on the economic growth in high-income countries while smaller effect is observed in middle-income and low income countries. In the present work we study multiple aspects of the impact of ICT as a factor of the economic growth of European countries, both EU-28 and candidate countries. The internet usage across the regions is discussed in details. Social networking, online banking, egovernment and e-commerce aspects are considered separately. Values for EU-28 are compared with these for Republic of North Macedonia, Montenegro, Serbia, Albania and Turkey. Digital gap between the elderly persons urban and rural areas is also studied. Rather low presence of online banking in some countries outside of EU-28 has been found. Based on analyses following recommendations are made: to create policies to shape the digital single market; to improve the digital infrastructure in North Macedonia, Montenegro, Serbia, Albania and Turkey; to bridge the digital divide between urban and rural areas.

Suggested Citation

  • Valentina Mucunska Palevska & Blagica Novkovska, 2021. "Increasing Use Of Digital Technologies In Function Of Economic Growth In European Countries," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 12(1), pages 84-94.
    • Handle: RePEc:ris:utmsje:0308
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    References listed on IDEAS

    as
    1. Blagica Novkovska & Ksenija Dumicic, 2019. "Ordering Goods And Services Online In South East European Countries: Comparison By Cluster Analysis," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 10(2), pages 163-173.
    2. Nair, Mahendhiran & Pradhan, Rudra P. & Arvin, Mak B., 2020. "Endogenous dynamics between R&D, ICT and economic growth: Empirical evidence from the OECD countries," Technology in Society, Elsevier, vol. 62(C).
    3. Nicky J. Welton & Howard H. Z. Thom, 2015. "Value of Information," Medical Decision Making, , vol. 35(5), pages 564-566, July.
    4. Vu, Khuong & Hanafizadeh, Payam & Bohlin, Erik, 2020. "ICT as a driver of economic growth: A survey of the literature and directions for future research," Telecommunications Policy, Elsevier, vol. 44(2).
    5. Ulzii-Utas Narantsatsralt & Sanggil Kang, 2017. "Social Network Community Detection Using Agglomerative Spectral Clustering," Complexity, Hindawi, vol. 2017, pages 1-10, November.
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    More about this item

    Keywords

    e-Business and Competitive Strategy; Information and communication technologies;

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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