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

Dimitrie-Daniel Placinta (), Elena-Aura Grigorescu (), Bogdan-Stefan Posedaru (), Florin-Valeriu Pantelimon (), Corina-Marina Mirea () and Andrei Bobocea ()

Informatica Economica, 2022, vol. 26, issue 2, 20-28

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.

Keywords: Evolution; Value added; ICT sector; Central and South-East Europe (SEE) (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aes:infoec:v:26:y:2022:i:2:p:20-28

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