The impact of the digital economy on economic growth: The case of OECD countries

Detalhes bibliográficos
Autor(a) principal: Gomes,Sofia
Data de Publicação: 2022
Outros Autores: Lopes,João M., Ferreira,Luís
Tipo de documento: Artigo
Idioma: eng
Título da fonte: RAM. Revista de Administração Mackenzie
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712022000600701
Resumo: ABSTRACT Purpose: This longitudinal study analyzes the impact of the digital economy on economic growth in Organisation for Economic Co-operation and Development (OECD)’s countries, divided into groups by their level of development (transition and innovation countries). Originality/value: Empirical studies on information and communications technology (ICT)’s impact on countries’ economic growth have increased over the last few years. However, there are still no studies that analyze this problem for the group of OECD countries, let alone divide these countries according to their level of economic development to assess the differences between more developed countries and less developed. The study of this gap in the literature allows us to infer important implications for policymakers to implement the digital agenda more efficiently. Design/methodology/approach: We used a panel data sample from the World Bank covering 36 OECD countries from 2000 to 2019. A statistical analysis of the variables was carried out separately for all OECD countries and the transition and innovation countries groups. We then performed a correlation analysis between the variables, and three models were estimated using the generalized moments panel method (GMM) using a fixed cross-section. Findings: The impact of the digital economy as measured by the technology proxy – internet, mobile phone, and fixed-broadband – on the economic growth of OECD countries depends on their level of development and the measures of the technologies that capture the digital economy. ICTs positively influence the development of the economies of OECD countries and can be used as instruments by policymakers. These agents must implement policies that strengthen the physical and technological infrastructures of the ICTs, the digital empowerment of human capital, and more significant social equity in accessing the ICTs.
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spelling The impact of the digital economy on economic growth: The case of OECD countriesmobile telephoneinternetfixed broadbanddigital economyeconomic growthABSTRACT Purpose: This longitudinal study analyzes the impact of the digital economy on economic growth in Organisation for Economic Co-operation and Development (OECD)’s countries, divided into groups by their level of development (transition and innovation countries). Originality/value: Empirical studies on information and communications technology (ICT)’s impact on countries’ economic growth have increased over the last few years. However, there are still no studies that analyze this problem for the group of OECD countries, let alone divide these countries according to their level of economic development to assess the differences between more developed countries and less developed. The study of this gap in the literature allows us to infer important implications for policymakers to implement the digital agenda more efficiently. Design/methodology/approach: We used a panel data sample from the World Bank covering 36 OECD countries from 2000 to 2019. A statistical analysis of the variables was carried out separately for all OECD countries and the transition and innovation countries groups. We then performed a correlation analysis between the variables, and three models were estimated using the generalized moments panel method (GMM) using a fixed cross-section. Findings: The impact of the digital economy as measured by the technology proxy – internet, mobile phone, and fixed-broadband – on the economic growth of OECD countries depends on their level of development and the measures of the technologies that capture the digital economy. ICTs positively influence the development of the economies of OECD countries and can be used as instruments by policymakers. These agents must implement policies that strengthen the physical and technological infrastructures of the ICTs, the digital empowerment of human capital, and more significant social equity in accessing the ICTs.Editora MackenzieUniversidade Presbiteriana Mackenzie2022-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1678-69712022000600701RAM. Revista de Administração Mackenzie v.23 n.6 2022reponame:RAM. Revista de Administração Mackenzieinstname:Universidade Presbiteriana Mackenzie (UPM)instacron:MACKENZIE10.1590/1678-6971/eramd220029.eninfo:eu-repo/semantics/openAccessGomes,SofiaLopes,João M.Ferreira,Luíseng2022-10-04T00:00:00Zoai:scielo:S1678-69712022000600701Revistahttps://www.scielo.br/j/ram/https://old.scielo.br/oai/scielo-oai.phprevista.adm@mackenzie.br1678-69711518-6776opendoar:2022-10-04T00:00RAM. Revista de Administração Mackenzie - Universidade Presbiteriana Mackenzie (UPM)false
dc.title.none.fl_str_mv The impact of the digital economy on economic growth: The case of OECD countries
title The impact of the digital economy on economic growth: The case of OECD countries
spellingShingle The impact of the digital economy on economic growth: The case of OECD countries
Gomes,Sofia
mobile telephone
internet
fixed broadband
digital economy
economic growth
title_short The impact of the digital economy on economic growth: The case of OECD countries
title_full The impact of the digital economy on economic growth: The case of OECD countries
title_fullStr The impact of the digital economy on economic growth: The case of OECD countries
title_full_unstemmed The impact of the digital economy on economic growth: The case of OECD countries
title_sort The impact of the digital economy on economic growth: The case of OECD countries
author Gomes,Sofia
author_facet Gomes,Sofia
Lopes,João M.
Ferreira,Luís
author_role author
author2 Lopes,João M.
Ferreira,Luís
author2_role author
author
dc.contributor.author.fl_str_mv Gomes,Sofia
Lopes,João M.
Ferreira,Luís
dc.subject.por.fl_str_mv mobile telephone
internet
fixed broadband
digital economy
economic growth
topic mobile telephone
internet
fixed broadband
digital economy
economic growth
description ABSTRACT Purpose: This longitudinal study analyzes the impact of the digital economy on economic growth in Organisation for Economic Co-operation and Development (OECD)’s countries, divided into groups by their level of development (transition and innovation countries). Originality/value: Empirical studies on information and communications technology (ICT)’s impact on countries’ economic growth have increased over the last few years. However, there are still no studies that analyze this problem for the group of OECD countries, let alone divide these countries according to their level of economic development to assess the differences between more developed countries and less developed. The study of this gap in the literature allows us to infer important implications for policymakers to implement the digital agenda more efficiently. Design/methodology/approach: We used a panel data sample from the World Bank covering 36 OECD countries from 2000 to 2019. A statistical analysis of the variables was carried out separately for all OECD countries and the transition and innovation countries groups. We then performed a correlation analysis between the variables, and three models were estimated using the generalized moments panel method (GMM) using a fixed cross-section. Findings: The impact of the digital economy as measured by the technology proxy – internet, mobile phone, and fixed-broadband – on the economic growth of OECD countries depends on their level of development and the measures of the technologies that capture the digital economy. ICTs positively influence the development of the economies of OECD countries and can be used as instruments by policymakers. These agents must implement policies that strengthen the physical and technological infrastructures of the ICTs, the digital empowerment of human capital, and more significant social equity in accessing the ICTs.
publishDate 2022
dc.date.none.fl_str_mv 2022-01-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/1678-6971/eramd220029.en
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dc.publisher.none.fl_str_mv Editora Mackenzie
Universidade Presbiteriana Mackenzie
publisher.none.fl_str_mv Editora Mackenzie
Universidade Presbiteriana Mackenzie
dc.source.none.fl_str_mv RAM. Revista de Administração Mackenzie v.23 n.6 2022
reponame:RAM. Revista de Administração Mackenzie
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