THE PARTICIPATION OF ICT IN ACTIVITIES OF ECONOMIC SUBJECTS IN SMALL ECONOMY

Valentina Mucunska Palevska and Blagica Novkovska ()
Additional contact information
Valentina Mucunska Palevska: University of Tourism and Management in Skopje, Macedonia
Blagica Novkovska: University of Tourism and Management in Skopje, Macedonia

UTMS Journal of Economics, 2018, vol. 9, issue 2, 157-168

Abstract: The use of digital technology in business is of particular interest to researchers because information and communication tools generate changes that reflect on the productivity of organizations and the economic development of countries. This paper examines the relationship between information and communication technologies (ICT) and economic entities in small countries, i.e. the level of investment and application of digital technology in the operation of economic entities in the Republic of Macedonia and the impact on economic growth and development. Relevant data for the period from 2013 to 2017 were used to analyze the situation. Based on the obtained indicators, it has been shown that economic entities are insufficiently investing in information and communication technology that results in low level of application in the operation, and thus reduced productivity and profitability. It is concluded that attracting foreign direct investments and increasing exports require Macedonian organizations to change their existing way of working by increasing the use of ICTs and actively engaging in the implementation of E-Business in their operations

Keywords: investing in ICT; digital economy; productivity (search for similar items in EconPapers)
JEL-codes: D83 L86 L96 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://utmsjoe.mk/files/Vol.%209%20No.%202/UTMSJOE ... levska-Novkovska.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:0246

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Ace Milenkovski, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Assistant Professor. Dejan Nakovski, PhD ().