Study Regarding the Impact of ICT Development on Romania’s Economic Growth

Vanesa Madalina Vargas (), Sorin Cristian Nita and Razvan Hoinaru
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Vanesa Madalina Vargas: Bucharest University of Economic Studies
Sorin Cristian Nita: Bucharest University of Economic Studies
Razvan Hoinaru: Queen Mary University of London

A chapter in Digital Economy and New Value Creation, 2022, pp 1-10 from Springer

Abstract: Abstract Digitalization is a reality that happens all around the world and people enjoy the benefits it offers. After several analysis of the literature review, we have discovered there might be a connection between the development of the Information and Communication Technologies and the Gross Domestic Product. If such a hypothesis holds true, a source of support for countries’ economic development might have been found. In order to test it, the Augmented Dickey Fuller test was used to check whether the time series have unit roots, followed by using the Granger causality test for analyzing the causality between the time series. The variables tested for this article are: level of internet access, internet purchases by individuals and gross domestic product, the latter being the dependent variable. Results showed us that while level of internet access has a positive, direct causal relationship, the variable purchases by individuals cannot be connected to the evolution of the GDP.

Keywords: Digitalization; Internet access; Internet purchases; GDP (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-07265-9_1

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DOI: 10.1007/978-3-031-07265-9_1

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