Open AccessPRODUCING OR PLAYING? INVESTIGATING INTERNET INFLUENCE ON ECONOMIC GROWTH
Author(s) -
Łukasz Konopielko,
O. A. Demchenko
Publication year - 2018
Publication title -
cbu international conference proceedings ...
Language(s) - English
Resource type - Journals
eISSN - 1805-997X
pISSN - 1805-9961
DOI - 10.12955/cbup.v6.1164
Subject(s) - per capita , the internet , economics , positive correlation , international economics , vector autoregression , real gross domestic product , negative correlation , international trade , monetary economics , business , demographic economics , demography , computer science , medicine , population , sociology , world wide web
This paper is focused on determining the effects of increase in the Internet usage on economic development of two groups of countries: OECD and NON-OECD countries. Two separate Vector Autoregression models were used. The hypotheses were inspired by claims that GDP per capita and trade, including trade in services, have a positive correlation with Internet usage growth. The hypotheses were tested on a set of 26 OECD and 21 NON-OECD countries for a period of 20 years, from 1995 to 2015. Results of the paper do not confirm the existence of a direct positive correlation between GDP per capita and Internet users. For all countries, a direct comparison of the chosen variables show a negative correlation. For OECD countries, trade in services has a positive correlation with Internet usage growth, while for NON-OECD countries both trade and trade in services showed a positive correlation with Internet usage growth.