Abstract
The purpose of this paper is to identify the influence of the usage of information and communication technology (ICT) on the competitiveness of European countries. Over the last 30 years, the development and usage of ICT has increased. In order to investigate the impact of ICT on the competitiveness of European countries, we conducted a panel regression analysis. We collected data for the period of five years (2007–2011) from the European statistical database – Eurostat and Global Competitiveness Report. We found that ICT plays an important role in the achievement of global competitiveness of European countries. The results also revealed that ICT has the highest impact on the Global Competitiveness Index and Efficiency enhancers' sub-index. Additionally, we found that ICT is less influential on Basic Requirements sub-index and Innovation and Sophistication Factor sub-index.
Highlights
The global economy and social environment have under‐ gone a significant change over the last 30 years, primarily due to the influence of information and communication technology (ICT) usage
The aim of this paper is to analyse the influence of ICT usage on competitiveness indicators, measured by selected components of the competitiveness index: Global Compet‐ itiveness Index, Efficiency Enhancers sub-index, Basic Requirements sub-index, as well as Innovation and Sophistication Factor sub-index
Panel regression analysis was used with the aim of examining the hypotheses in order to estimate the influence of ICT technologies on competitiveness of European countries
Summary
The global economy and social environment have under‐ gone a significant change over the last 30 years, primarily due to the influence of ICT usage. The government is trying to improve ICT possibilities by fostering PC and Internet access and increasing highspeed broadband connectivity This has a positive impact on business processes and the economic model. In the area of e-government and e-learning, Singapore is the leader It holds second place in the Global Information Technology Report 2014 [7]. Countries, such as Singapore, which base their development and progress on ICT, are more compet‐ itive than other countries. This is confirmed by their high position on the competitiveness scale (Singapore, second place, Global Competitiveness Report, 2014) [8].
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