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Scientific paper - Original scientific paper
Impact of ICT sector deployment on the economic development of the European Union
In: Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business. University of Zagreb, Faculty of Economics & Business, 2020. pp. 491-503. https://doi.org/10.22598/odyssey/2020.2
Petrić, Marin; Garbin Praničević, Daniela; Šimundić, Blanka

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Petrić, M., Garbin Praničević, D. & Šimundić, B. (2020). Impact of ICT sector deployment on the economic development of the European Union. Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business (pp. 491-503). University of Zagreb, Faculty of Economics & Business. doi: 10.22598/odyssey/2020.2

Petrić, Marin, et al. "Impact of ICT sector deployment on the economic development of the European Union." Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business, University of Zagreb, Faculty of Economics & Business, 2020, pp. 491-503. https://urn.nsk.hr/urn:nbn:hr:124:518649

Petrić, Marin, Daniela Garbin Praničević and Blanka Šimundić. "Impact of ICT sector deployment on the economic development of the European Union." In Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business, 491-503. University of Zagreb, Faculty of Economics & Business, 2020. Accessed 2025 February 05. https://urn.nsk.hr/urn:nbn:hr:124:518649

Petrić, M., Garbin Praničević, D. and Šimundić, B. (2020) 'Impact of ICT sector deployment on the economic development of the European Union', Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business, University of Zagreb, Faculty of Economics & Business, pp. 491-503. Available at: https://urn.nsk.hr/urn:nbn:hr:124:518649 (Accessed 05 February 2025)

Petrić M, Garbin Praničević D, Šimundić B. Impact of ICT sector deployment on the economic development of the European Union. Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business. University of Zagreb, Faculty of Economics & Business; 2020. Pp. 491-503. [cited 2025 February 05] Available at: https://urn.nsk.hr/urn:nbn:hr:124:518649

M. Petrić, D. Garbin Praničević and B. Šimundić, "Impact of ICT sector deployment on the economic development of the European Union", Proceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business University of Zagreb, Faculty of Economics & Business, 2020. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:124:518649 [Accessed: 05 February 2025]

Metadata
Title (english)Impact of ICT sector deployment on the economic development of the European Union
AuthorMarin Petrić
AuthorDaniela Garbin Praničević
AuthorBlanka Šimundić
Author's institutionUniversity of Split
Faculty of economics Split
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The information and communication technology (ICT) usage and the digitalization, as the broader implication of ICT deployment, fosters innovation and social cohesion and, over time, becomes an increasingly important driver of economic and social growth. Moreover, the digitalization yield directly to economic growth through the ICT supply side by enhancing the contribution of ICT goods and services in total value added (i.e. production effect). Although the impact of ICT on economic growth and overall development over time become more evident, due to rising in ICT investments and ICT usage, the analyses based on the comprehensive indicators of the economic and the ICT development, still remain open for additional research attention. In that context, the aim of the paper is to explore the impact of the ICT sector on the development of EU countries. In this research context, the Human Development Index (HDI) was used as an indicator of economic development, that indicate the life quality of individuals in EU countries in terms of their income, the estimated life expectancy and the educational level. Additionally, International Digital Economy and Society Index (DESI) is used as an indicator of the ICT sector development. The empirical research was conducted on a sample of 28 EU countries. By using a dynamic panel model it was determined that ICT variable influence the HDI of EU countries. Survey results also indicate that broadband Internet usage, individual-level of Internet use and e commerce use positively contribute to the EU economic development, while the use of e government services and the increase number of the ICT professionals employed have a negative impact on the same variable. Since the research results provide insight into the areas relevant for economic development the same may contribute and be used as a guideline for development policies at national and sectoral levels as well
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review - international
Publication versionPublished version
Publication titleProceedings of FEB Zagreb 11th International Odyssey Conference on Economics and Business
Numberingpp. 491-503
p-ISSN2671-132X
DOIhttps://doi.org/10.22598/odyssey/2020.2
URN:NBNurn:nbn:hr:124:518649
Publication2020
ConferenceTitle: FEB Zagreb 11th International Odyssey Conference on Economics and Business
Location: virtual conference, Croatia
Start date: 2020-06-16
End date: 2020-06-20
Assembly type: Other
Type of resourceText
PublisherUniversity of Zagreb, Faculty of Economics & Business
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2024-09-09 11:43:54