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
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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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
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