Digitization and Population Welfare in the New EU Member States

Elena Pelinescu (), Marioara Iordan () and Mihaela-Nona Chilian ()
Additional contact information
Elena Pelinescu: Institute of Economic Forecasting, Bucharest, Romania. Corresponding author.
Marioara Iordan: Institute of Economic Forecasting, Bucharest, Romania.
Mihaela-Nona Chilian: Institute of Economic Forecasting, Bucharest, Romania.

Journal for Economic Forecasting, 2021, issue 4, 59-75

Abstract: Today we live in times of deep socio-economic transformations under the influence of digital technologies that influence both the sectors of activity and the population. Many compare the transformations of the digital age with the former industrial revolutions generated by the steam engine or electricity, considering that they provide opportunities to improve life, change the nature and structure of organizations and markets, jobs and skills, of security and social and economic interactions (OECD, 2019). The impact of digitization on society is the object of concern of both international bodies looking for instruments to measure the effects of new digital technologies, and of specialists concerned with the effects on costs, sustainability of development, competitiveness, economic growth, etc. The current study aims to highlight the influence of digitization on the welfare of population by using a panel model for 11 CEE countries (Romania, Bulgaria, Estonia, the Czech Republic, Croatia, Hungary, Latvia, Lithuania, Poland, Slovenia and Slovakia). Using data for the period 2000-2019, the results highlight, as expected, the positive influence on population welfare of digitization and human capital.

Keywords: digitization; digital gaps; population welfare; panel models; Central and Eastern European countries (search for similar items in EconPapers)
JEL-codes: C23 I25 I31 O57 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.ipe.ro/rjef/rjef4_2021/rjef4_2021p59-75.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:rjr:romjef:v::y:2021:i:4:p:59-75

Access Statistics for this article

Journal for Economic Forecasting is currently edited by Lucian Liviu Albu and Corina Saman

More articles in Journal for Economic Forecasting from Institute for Economic Forecasting Contact information at EDIRC.
Bibliographic data for series maintained by Corina Saman ( this e-mail address is bad, please contact ).