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Telecommunication infrastructure on the regions

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telecommunication infrastructure on the region’s economic growth. The author finds thatexpanding ICT in the form of mobile phone subscriber’s growth has been an importantcontributor to increasing the per capita income of the region for the period under review.This is the reason for why the results indicate that a 10% increase in mobile phonepenetration leads to a 1.2% change in GDP per capita. Latif et al. [45] estimate the impactof ICT, foreign direct investment, trade, and globalization on economic growth in BRICScountries, using panel data for 2000–2014. Empirical results show that ICT has had asignificant positive impact on economic growth, but that the impact may vary betweencountries, depending on the degree of use of ICT by those countries.Regarding the other three variables, authors also find a positive effect on economicgrowth. Based on G20 countries data, in another study, Pradhan et al. [4] investigates therelationship between economic growth, ICT infrastructure, consumer price index, labor forceparticipation, and gross domestic fixed capital formation. The authors find that all fourvariables contribute to increasing economic growth in the analyzed countries. Since 2007, inthe context of the emergence of new innovations in the field of information technology,especially that of cloud computing technology, there is an increase in the interest of manyresearchers and policymakers at EU level for both the theoretical and empirical analysis ofthe economic effects of adoption and rapid dissemination of this new technology. Accordingto Etro [46], cloud computing is “a new general purpose Internet-based technology throughwhich information is stored in servers and provided as a service and on-demand to clients”.The European Commission [47] emphasizes that the adoption of cloud computing technologyby businesses and other organizations can lead to significant increases in efficiency acrossthe economy. Given the positive effects of the new technology, the European Commission
TECHNOLOGY IN GLOBAL ECONOMY9argues the need for European countries to support, through various measures, the rapiddiffusion of cloud computing so that Europe becomes a global power in the field of cloudcomputing.MethodologyThe qualitative research methodology is used in this research.This paper investigatesthe effects of some IT infrastructure indicators on economic growth in EU countries. Itsanalysis includes 12 indicators, and the data were obtained from four available sources: thedatabase of the International Telecommunications Union (ITU), the OECD database, theWorld Development Indicators (WDI) database (World Bank), and the EuropeanCommission. This methodology aligned with the purpose of the study, and provided data forthe research question. The focus was also on understanding how the information technologyinfrastructure can better engage in the 21st century global economy. The goal of qualitativeresearch itself is to explore experiences from the viewpoint of people living within a specific

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Term
Spring
Professor
Ankit
Tags
Economics, Developed country

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