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Effects of Broadband and Telephone Subscription on Exports in New Global Era: Evidence from Southeast European Countries

Author

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  • Muhamet J. Spahiu
  • John McArdle
  • Betim J. Spahiu
  • Esat Durguti

Abstract

The overall objective of the present research is to examine the influence of information technology components on the export-to-GDP ratio, especially focused on the changes caused by the events of the 20th century for Southeast European countries (SEC). The motivation for selecting these countries is to evaluate whether they have achieved a sufficient level to adapt digital developments. To overcome these challenges, the study uses a hybrid technique, employing random-effects (RE) and fixed-effects (FE) regression and Arellano-Bond estimations on panel data gathered from 13 countries from 2006 to 2021. The results confirm that fixed broadband subscriptions (FBS), gross formation capital (GFC) and official exchange rate (ORE), have a strong positive effect on the export-to-GDP ratio. Additionally, fixed telephone subscriptions (FTS), foreign direct investments (FDI) and inflation (INF) have a significant negative impact on the export-to-GDP ratio. The Arellano-Bond technique reveals that FBS, INF and ORE have a positive effect on exports, whereas FTS, GFC and FDI have a negative effect. The novelty of this research is that it uses data comparisons that are not related to a single determinant in the economy but are conditioned to advancement, especially concerning global markets and the exploitation of gaps created by changes in supply chains. Implications for Central European audience: Depending on the research results, it is anticipated that the policy-making structures and other regulatory authorities will create a clear overview of the importance of digitization and its dynamics in the realization of exports and the mitigation of the trade deficit. These discoveries will encourage the highly empowered actors to redesign the policies that will affect the expansion and increase of the quality of the infrastructure of broadband and telephone subscriptions. By expanding and increasing the quality of the economic structure of the respective countries, they will be able to maximize the progress of the export value, which is one of the main goals of almost every country included in the analysis.

Suggested Citation

  • Muhamet J. Spahiu & John McArdle & Betim J. Spahiu & Esat Durguti, 2024. "Effects of Broadband and Telephone Subscription on Exports in New Global Era: Evidence from Southeast European Countries," Central European Business Review, Prague University of Economics and Business, vol. 2024(3), pages 31-47.
    • Handle: RePEc:prg:jnlcbr:v:2024:y:2024:i:3:id:351:p:31-47
    DOI: 10.18267/j.cebr.351
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    References listed on IDEAS

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    1. Alina Mihaela Dima & Liviu Begu & Maria Denisa Vasilescu & Maria Alexandra Maassen, 2018. "The Relationship between the Knowledge Economy and Global Competitiveness in the European Union," Sustainability, MDPI, vol. 10(6), pages 1-15, May.
    2. Jong Woo Kang & Suzette Dagli, 2018. "International trade and exchange rates," Journal of Applied Economics, Taylor & Francis Journals, vol. 21(1), pages 84-105, January.
    3. Mei Ling Wang & Chang Hwan Choi, 2019. "How information and communication technology affect international trade: a comparative analysis of BRICS countries," Information Technology for Development, Taylor & Francis Journals, vol. 25(3), pages 455-474, July.
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    More about this item

    Keywords

    Export; digitalization; panel data models;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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