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A Panel Regression Analysis of the Role of Globalization and Internet Penetration on Economic Development in the Czech Republic and Slovakia

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F23%3A39920875" target="_blank" >RIV/00216275:25410/23:39920875 - isvavai.cz</a>

  • Result on the web

    <a href="https://doi.org/10.34190/eckm.24.1.1295" target="_blank" >https://doi.org/10.34190/eckm.24.1.1295</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.34190/eckm.24.1.1295" target="_blank" >10.34190/eckm.24.1.1295</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    A Panel Regression Analysis of the Role of Globalization and Internet Penetration on Economic Development in the Czech Republic and Slovakia

  • Original language description

    A Panel Regression Analysis of the Role of Globalization and Internet Penetration on Economic Development in the Czech Republic and SlovakiaAbstrakt anglickyIt is evidently clear that globalization is seen widely in recent times as a means of knowledge-based economy, and more importantly, an instrumental indicator to influence economic development. For this reason, some researchers are increasingly interested in how globalization impacts our society leading to economic growth. In this paper, we investigate the relationship between globalization, internet penetration, and economic development in Czech Republic and Slovakia. Panel Regression analysis is employed to analyze a twenty two-year panel data (from 2000 to 2022), using secondary data from the World Bank, OECD, and UNDP database of the selected countries. We analyze globalization variables such as trade openness, internet penetration as independent variables and used infrastructural investment, political instability index, and labor force participation rate as control variables. Also, with economic development as a dependent variable, we used Human development index, and GNI per capita to ascertain the effect of globalization and internet penetration on economic development. The results showed a significant positive correlation between trade openness with HDI and GNI in both Czech and Slovakia. The analysis also found that internet penetration has a significant impact on HDI and GNI in Czech, but not on GNI in Slovakia. This study highlights the important role that globalization and internet penetration play in economic development and provides valuable insights for policymakers in Czech and Slovakia. The findings of this study contribute to the existing literature on the relationship between globalization, internet penetration, and economic development.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50202 - Applied Economics, Econometrics

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2023

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Proceedings of the 24th European Conference on Knowledge Management

  • ISBN

    978-1-914587-73-3

  • ISSN

    2048-8963

  • e-ISSN

    2048-8971

  • Number of pages

    9

  • Pages from-to

    384-393

  • Publisher name

    Academic Conferences International Limited

  • Place of publication

    Sonning Common

  • Event location

    Lisabon

  • Event date

    Sep 7, 2023

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article