On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union

Kostoska, Olivera and Hristoski, Ilija (2016) On the Pulse of ICT Revolution, Productivity, and Growth: Macedonia versus European Union. In: Proc. of the International Conference on Applied Internet and Information Technologies. “St Kliment Ohridski” University - Bitola, Republic of Macedonia, Bitola, Macedonia, pp. 358-374. ISBN 978-9989-870-75-0

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Information and Communication Technologies (ICTs) have become
more accessible, more powerful and more widespread. Yet, the use of ICTs is not
an end in itself. The impact that such technologies have on the economy and
society is what ultimately matters. Understanding the economics of ICTs requires
a deep and thorough knowledge of how the new technology generates the
economic impacts. The ICT revolution holds the transformative potentials,
offering many promises and benefits, even while posing severe risks and
challenges. Therefore, it is of great importance and still a challenge to measure
the capacity of countries to leverage ICTs for increased competitiveness and wellbeing. Aimed at reaching such a complex task, this paper employs the extensive
data compendium of the Networked Readiness Index (NRI) 2015 and a set of
supplemental data analysis tools (descriptive statistics, five-number summary
statistics and a Box & Whisker plot, Euclidean and statistical distances,
hierarchical cluster analysis and a corresponding dendrogram) to estimate both
the performance of Macedonia in the NRI and the country’s relative position vis-à-vis the EU member states. Looking at the trends since 2012 reveals that
Macedonia is one of the ten most improved countries in their overall NRI
performance. Nevertheless, the findings suggest that the country is lagging behind
the European average in most indicators. The EU member states with the shortest
statistical distance from Macedonia are Croatia, Cyprus, Romania, Hungary and
Slovenia. Quite the reverse, the Nordics (Finland, Sweden and Denmark) and
Western Europe (Luxemburg, Netherlands and UK) are the most ‘distant’
countries from Macedonia. These latter findings confirm the results obtained by
the five-number summary statistics and the hierarchical cluster analysis.

Item Type: Book Section
Subjects: Scientific Fields (Frascati) > Natural sciences > Computer and information sciences
Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 24 Sep 2019 09:35
Last Modified: 24 Sep 2019 09:35
URI: https://eprints.uklo.edu.mk/id/eprint/1958

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