Ict And Economic Growth: Links And Possibilities Of Engaging



The paper deals with analysis and evaluation of impact of information and communication technologies (ICT) on economic growth at the different hierarchical levels. Based on global tendencies of ICT development and their use as a factor of competitive advantages, it is proved that sustainable socioeconomic growth has acquired features of permanent digital development. For developing countries steep ICT development can enforce new impulse of economic progress, which in turn, is proved by correlation analysis and modeling of ICT factors influence on the main financial results. Considering current ICT development trends in business (based on case study of Ukraine ICT use statistics as one of the developing countries) and their relations with financial results, the main policy making actions aiming at further economic development can be defined. They should be aimed mainly at Internet access outspread and web-technologies effective use, particularly in the field of e-commerce.


ICT, economic growth, GDP, competitiveness, entrepreneurship

Full Text:



BOTRIĆ, Valerija, BOŽIĆ, Ljiljana and BROZ, Tanja. Explaining firm-level total factor productivity in post-transition: manufacturing vs. services sector. Journal of International Studies. 2017. Vol. 10, no. 3, pp. 77–90.

CHORNEI, Ruslan K., M., Hans Daduna V. and KNOPOV, Pavel S. Controlled Markov Fields with Finite State Space on Graphs. Stochastic Models. 2005. Vol. 21, no. 4, pp. 847–874.

GRISHNOVA, Olena, CHERKASOV, Andriy and BRINTSEVA, Olena. Transition to a new economy: transformation trends in the field of income and salary functions. Problems and Perspectives in Management. 2019. Vol. 17, no. 2, pp. 18–31.

HOLOVATYI, M. The state and society: The conceptual foundations and social interaction in the context of formation and functioning of states. Economic Annals-XXI. 2015. Vol. 9-10, pp. 4-8.

HU, Xiang, GONG, Yang, LAI, Chun and LEUNG, Frederick K.s. The relationship between ICT and student literacy in mathematics, reading, and science across 44 countries: A multilevel analysis. Computers & Education. 2018. Vol. 125, pp. 1–13.

Global ICT Development Index. ITU [online]. 2018. [Accessed 1 June 2019]. Available from: https://www.itu.int/net4/ITU-D/idi/2017/index.html.

IEF Downloads. Index of Economic Freedom Data, Maps and Book Chapters [online]. 2017. [Accessed 1 June 2019]. Available from: https://www.heritage.org/index/download.

JIN, Sangki and CHO, Cheong Moon. Is ICT a new essential for national economic growth in an information society? Government Information Quarterly. 2015. Vol. 32, no. 3, pp. 253–260.

KARDAKOV, Oleksandr. Cherez ataku virusu Petya Ukraina za pihodyny vtratyla 10 mlrd hryven – ekspert [Because of Petya Virus Attack Ukraine Lost 10 Billion UAH in Half an Hour – Expert] Segodnya.ua [online]. 3 November 2017. [Accessed 1 June 2019]. Available from: https://ukr.segodnya.ua/economics/enews/iz-za-ataki-virusa-petya-ukraina-za-polchasa-poteryala-10-mlrd-griven-ekspert-1069181.html.

KUBIV, Stepan. Ukrainu na 80% pokryiut shvydkisnym dostupom do internetu. [80% of Ukraine will be Covered by High-Speed Internet Access] Segodnya.ua [online]. [Accessed 1 June 2019]. Available from: https://ukr.segodnya.ua/economics/enews/ukrainu-na-80-pokroyut-skorostnym-dostupom-v-internet-1109685.html.

LAZÁNYI, K., ČEPEL, M., BILAN, S. Comparison of Trust and Social Relations among Students in Russian and Hungarian Higher Education. Economics and Sociology, 2017 10(4), 162-174. doi:10.14254/2071-789X.2017/10-4/13

LECHMAN, Ewa. Networks Externalities as Social Phenomenon in the Process ICT Diffusion. Economics & Sociology. 2018. Vol. 11, no. 1, pp. 22–43.

LECHMAN, Ewa. Still ‘few, slow and low’? On the female dimension of technology, labour markets and economic activity: Evidence for the period of 1990-2017. Economics & Sociology. 2019. Vol. 12, no. 1, pp. 11–38.

LIU, Dejian, HUANG, Ronghuai and WOSINSKI, Marek. Development of Smart Cities: Educational Perspective. Lecture Notes in Educational Technology Smart Learning in Smart Cities. 2017. pp. 3–14.

MENDY, D., & WIDODO, T. (2018). Do Education Levels Matter on Indonesian Economic Growth?. Economics and Sociology, 11(3), 133-146. doi:10.14254/2071-789X.2018/11-3/8

MISHCHUK, Halyna, BILAN, Yuriy and PAVLUSHENKO, Liudmyla. Knowledge Management Systems: Issues In Enterprise Human Capital Management Implementation in Transition Economy. Polish Journal of Management Studies. 2016. Vol. 14, no. 1, pp. 163–173.

PORTER, Michael E. Competitive Advantage: Creating and Sustaining Superior Performance. New York: Free Press, 1985, 592 р.

REDWOOD, James, THELNING, Sasha, ELMUALIM, Abbas and PULLEN, Stephen. The Proliferation of ICT and Digital Technology Systems and their Influence on the Dynamic Capabilities of Construction Firms. Procedia Engineering. 2017. Vol. 180, pp. 804–811.

SZAROWSKÁ, I. Does public R&D expenditure matter for economic growth? GMM approach. Journal of International Studies, 2017 10(2), 90-103. doi:10.14254/2071-8330.2017/10-2/6

Vykorystannia informatsiino-komunikatsiinykh tekhnolohii na pirpryiemstvakh [Use of Information and Communication Technology at Companies]. State Statistics Service of Ukraine / Information Society [online]. 2017. [Accessed 1 June 2019]. Available from: http://www.ukrstat.gov.ua/metaopus/2017/3_03_00_02_2017.htm.

TAMBOTOH, Johan J.c., MANUPUTTY, Augie D. and BANUNAEK, Frids E. Socio-economics Factors and Information Technology Adoption in Rural Area. Procedia Computer Science. 2015. Vol. 72, pp. 178–185.

WANNAPAN, Satawat and CHAIBOONSRI, Chukiat. An Analysis of ICT Sectors and Economic Growth: Evidence from ASEAN Countries. Advances in Panel Data Analysis in Applied Economic Research Springer Proceedings in Business and Economics. 2018. pp. 189–201.

Competitiveness Rankings. Global Competitiveness Index 2017-2018 [online]. 2019. [Accessed

June 2019]. Available from: http://reports.weforum.org/global-competitiveness-index-2017-2018/competitiveness-rankings/#series=GCI.B.09.02.

The Global Risks Report 2019. World Economic Forum [online]. 2019. [Accessed 1 June 2019]. Available from: https://www.weforum.org/reports/the-global-risks-report-2019.

The Global Risks Report 2018. World Economic Forum [online]. 2018. [Accessed 1 June 2019]. Available from: https://www.weforum.org/reports/the-global-risks-report-2018.

The Global Risks Report 2017. World Economic Forum [online]. 2017. [Accessed 1 June 2019]. Available from: https://www.weforum.org/reports/the-global-risks-report-2017.

The Global Risks Report 2016. World Economic Forum [online]. 2016. [Accessed 1 June 2019]. Available from: https://www.weforum.org/reports/the-global-risks-report-2016.

The Global Risks 2015 Report. World Economic Forum [online]. 2015. [Accessed 1 June 2019]. Available from: http://reports.weforum.org/global-risks-2015.

YEO, Benjamin and GRANT, Delvin. Predicting service industry performance using decision tree analysis. International Journal of Information Management. 2018. Vol. 38, no. 1, pp. 288–300.

ŻELAZNY, R. Determinants and measurement of smart growth: evidence from Poland. Journal of International Studies, 2017. 10(1), 34-45. doi:10.14254/2071-8330.2017/10-1/2

DOI (HTML - FULL TEXT): https://doi.org/10.13165/IE-19-13-1-07


  • There are currently no refbacks.

"Intellectual Economics" ISSN online 1822-8038 / ISSN print 1822-8011