IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v18y2024i1p1324-1334n1021.html
   My bibliography  Save this article

Evaluating Economic Efficiency through Digital Technologies

Author

Listed:
  • Mihai Florin

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Aleca Ofelia

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Stanciu Andrei

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Iordache Daniel-Marius

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The rapid advancement of digital technologies has generated increased interest among researchers to investigate and evaluate the impact of these technologies on economic efficiency. The purpose of this study is to identify and analyze the influence of digital technologies on economic efficiency in the countries of Europe and the European Union (EU) over seven years (2016-2022), for which the necessary data was found. The fundamental question of the study is: which countries in the European Union and across the entire European continent exhibit a trend of increasing revenues from the ERP system market, and among these, where is an influence on GDP observed? A group of 42 countries was analyzed, consisting of 27 countries from the European Union and 15 non-member countries, and the period studied ranges from 2016 to 2022. The study reveals that, generally, in countries where revenues from the ERP market are on the rise, there is a positive trend in economic efficiency. The study's estimates suggest that the level of internet usage in a country and the workforce with an advanced level of education significantly influence GDP per capita at the level of the countries in the European Union and the entire European continent. The conclusions of our study are based on theoretical predictions and the relevant results of other studies. The research indicates that ERP systems, as part of digital technologies and other macroeconomic factors, play an important role in stimulating economic efficiency in the European Union member states and those outside the union.

Suggested Citation

  • Mihai Florin & Aleca Ofelia & Stanciu Andrei & Iordache Daniel-Marius, 2024. "Evaluating Economic Efficiency through Digital Technologies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 1324-1334.
    • Handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1324-1334:n:1021
    DOI: 10.2478/picbe-2024-0109
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2024-0109
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2024-0109?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sanjeev Dewan & Kenneth L. Kraemer, 2000. "Information Technology and Productivity: Evidence from Country-Level Data," Management Science, INFORMS, vol. 46(4), pages 548-562, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sujin Park & Ali Tafti & Galit Shmueli, 2024. "Transporting Causal Effects Across Populations Using Structural Causal Modeling: An Illustration to Work-from-Home Productivity," Information Systems Research, INFORMS, vol. 35(2), pages 686-705, June.
    2. Francesco Venturini, 2009. "The long-run impact of ICT," Empirical Economics, Springer, vol. 37(3), pages 497-515, December.
    3. Charles Amo Yartey, 2006. "Financial Development, the Structure of Capital Markets, and the Global Digital Divide," IMF Working Papers 2006/258, International Monetary Fund.
    4. Ronald Kumar, 2014. "Exploring the role of technology, tourism and financial development: an empirical study of Vietnam," Quality & Quantity: International Journal of Methodology, Springer, vol. 48(5), pages 2881-2898, September.
    5. Hong Guo & Lin Hao & Tridas Mukhopadhyay & Daewon Sun, 2019. "Selling Virtual Currency in Digital Games: Implications for Gameplay and Social Welfare," Information Systems Research, INFORMS, vol. 30(2), pages 430-446, June.
    6. Prasanna Tambe & Lorin M. Hitt, 2014. "Job Hopping, Information Technology Spillovers, and Productivity Growth," Management Science, INFORMS, vol. 60(2), pages 338-355, February.
    7. Kevin Zhu & Kenneth L. Kraemer, 2005. "Post-Adoption Variations in Usage and Value of E-Business by Organizations: Cross-Country Evidence from the Retail Industry," Information Systems Research, INFORMS, vol. 16(1), pages 61-84, March.
    8. Hemant K. Bhargava & Abhay Nath Mishra, 2014. "Electronic Medical Records and Physician Productivity: Evidence from Panel Data Analysis," Management Science, INFORMS, vol. 60(10), pages 2543-2562, October.
    9. Young Lee & Jeong Hun Oh & Hwan-Joo Seo, 2002. "Digital Divide and Growth Gap: A Cumulative Relationship," WIDER Working Paper Series DP2002-88, World Institute for Development Economic Research (UNU-WIDER).
    10. Prasanna Tambe, 2014. "Big Data Investment, Skills, and Firm Value," Management Science, INFORMS, vol. 60(6), pages 1452-1469, June.
    11. John S. Hill & Myung-Su Chae & Jinseo Park, 2012. "The Effects of Geography and Infrastructure on Economic Development and International Business Involvement," Journal of Infrastructure Development, India Development Foundation, vol. 4(2), pages 91-113, December.
    12. Ajoy Ketan Sarangi & Rudra Prakash Pradhan, 2020. "ICT infrastructure and economic growth: a critical assessment and some policy implications," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 47(4), pages 363-383, December.
    13. Viswanath Venkatesh & Tracy Ann Sykes, 2013. "Digital Divide Initiative Success in Developing Countries: A Longitudinal Field Study in a Village in India," Information Systems Research, INFORMS, vol. 24(2), pages 239-260, June.
    14. Francesco Venturini, 2005. "How Much Does IT Consumption Matter for Growth? Evidence from National Accounts," Rivista di Politica Economica, SIPI Spa, vol. 95(1), pages 57-110, January-F.
    15. S J Ho & S K Mallick, 2010. "The impact of information technology on the banking industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(2), pages 211-221, February.
    16. Sun, Hongye & Kim, Giseung, 2021. "The composite impact of ICT industry on lowering carbon intensity: From the perspective of regional heterogeneity," Technology in Society, Elsevier, vol. 66(C).
    17. Alam, Syed Shah & Nik Hashim, Nik Hazrul & Rashid, Mamunur & Omar, Nor Asiah & Ahsan, Nilufar & Ismail, Md Daud, 2014. "Small-scale households renewable energy usage intention: Theoretical development and empirical settings," Renewable Energy, Elsevier, vol. 68(C), pages 255-263.
    18. Shahiduzzaman, Md. & Alam, Khorshed, 2014. "The long-run impact of Information and Communication Technology on economic output: The case of Australia," Telecommunications Policy, Elsevier, vol. 38(7), pages 623-633.
    19. Saia, Artjom, 2023. "Digitalization and CO2 emissions: Dynamics under R&D and technology innovation regimes," Technology in Society, Elsevier, vol. 74(C).
    20. Liao, Hailin & Wang, Bin & Li, Baibing & Weyman-Jones, Tom, 2016. "ICT as a general-purpose technology: The productivity of ICT in the United States revisited," Information Economics and Policy, Elsevier, vol. 36(C), pages 10-25.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1324-1334:n:1021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.