Does ICT Capital Affect Economic Growth in the EU-15 and EU-12 Countries?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86083198" target="_blank" >RIV/61989100:27510/15:86083198 - isvavai.cz</a>

Nalezeny alternativní kódy

RIV/61384399:31140/15:00045211

Výsledek na webu

<a href="http://dx.doi.org/10.3846/16111699.2012.754375" target="_blank" >http://dx.doi.org/10.3846/16111699.2012.754375</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3846/16111699.2012.754375" target="_blank" >10.3846/16111699.2012.754375</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does ICT Capital Affect Economic Growth in the EU-15 and EU-12 Countries?

Popis výsledku v původním jazyce

The paper examines economic growth in old and new member countries of the European Union (EU-15 and EU-12) during the years of 1994-2000 and 2001-2008 mainly due to changes in ICT capital development. The three-factor Cobb-Douglas production function is estimated through the panel general least squares method. Since ICT capital growth data are not available for all selected economies, the groups of countries were reduced to EU-14 and EU-7. The estimated panel production functions confirmed that the average growth of GDP in the EU-7 countries during 2001-2008 was supported by the stable growth of labour quantity and ICT-capital and increasing total factor productivity. A short-term drop in non-ICT capital growth with follow-up stagnation was caused rather by lower labour productivity. The research discovered that the drop in GDP growth in the EU-14 countries during 2001-2008 was a result of the slower growth of non-ICT capital and total factor productivity and the stagnated growth of ICT capital with low elasticity and showed that even the compensation of growth in labour quality did not prevent a decrease in total factor productivity and economic growth.

Název v anglickém jazyce

Does ICT Capital Affect Economic Growth in the EU-15 and EU-12 Countries?

Popis výsledku anglicky

The paper examines economic growth in old and new member countries of the European Union (EU-15 and EU-12) during the years of 1994-2000 and 2001-2008 mainly due to changes in ICT capital development. The three-factor Cobb-Douglas production function is estimated through the panel general least squares method. Since ICT capital growth data are not available for all selected economies, the groups of countries were reduced to EU-14 and EU-7. The estimated panel production functions confirmed that the average growth of GDP in the EU-7 countries during 2001-2008 was supported by the stable growth of labour quantity and ICT-capital and increasing total factor productivity. A short-term drop in non-ICT capital growth with follow-up stagnation was caused rather by lower labour productivity. The research discovered that the drop in GDP growth in the EU-14 countries during 2001-2008 was a result of the slower growth of non-ICT capital and total factor productivity and the stagnated growth of ICT capital with low elasticity and showed that even the compensation of growth in labour quality did not prevent a decrease in total factor productivity and economic growth.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

<a href="/cs/project/EE2.3.20.0296" target="_blank" >EE2.3.20.0296: Výzkumný tým pro modelování ekonomických a finančních procesů na VŠB-TU Ostrava</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

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

Název periodika

Journal of business economics and management

ISSN

1611-1699

e-ISSN

—

Svazek periodika

16

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

20

Strana od-do

387-406

Kód UT WoS článku

000346355500007

EID výsledku v databázi Scopus

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