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
    ---><---

    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.

    We have no bibliographic references for this item. You can help adding them by using 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.