E-commerce Development in Europe: A Panel Data Analysis 2003–2017

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dc.contributor.author Ortiz, Alma Lucero
dc.contributor.author Rodríguez, José Carlos
dc.contributor.author Gómez, Mario
dc.contributor.other Ekonomická fakulta cs
dc.date.accessioned 2020-11-25T08:54:54Z
dc.date.available 2020-11-25T08:54:54Z
dc.identifier.issn 1212-3609
dc.identifier.uri https://dspace.tul.cz/handle/15240/158175
dc.description.abstract The Internet is a networking infrastructure that allows people’s communication throughout the world, transcending time and space limits. Nowadays, the Internet has changed the way of doing business, leading to a digital economy. Indeed, e-commerce has emerged as commercial transactions conducted over the Internet, which has become a source of economic growth for countries. In this sense, the research question conducting this research is as follows: what are the main variables that have affected the development of e-commerce in European countries from 2003 to 2017? In so doing, panel data econometric methods are used in this research. The tests of cross-section dependence (Pesaran test), unit root (Cross-sectional Im, Pesaran and Shin tests), cointegration (Kao and Fisher-Johansen tests), and heterogeneous causality (Hurlin and Dumitrescu test) are applied. In this regard, the results show that the variables in this research are characterized by a transversal dependence, and that they are integrated of order one. Furthermore, there is evidence that the variables are cointegrated, suggesting that there is a long-term relationship equilibrium between these variables. In addition, there is a bidirectional causality relationship between R&D spending (RD) and mobile phone penetration (MPP). Also, there is a unidirectional relationship from the development of e-commerce (EC) to RD and from per capita disposable income (PI) to RD. Besides, results suggest a positive and significant effect of MPP, RD, and PI on the EC in European developed countries. Therefore, these results show that the CE of the developed countries of Europe could be promoted through the improvement of the MPP, DR and IP. en
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dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject economic growth en
dc.subject e-business en
dc.subject e-commerce en
dc.subject digital economy en
dc.subject econometric model en
dc.subject.classification O52
dc.subject.classification C01
dc.title E-commerce Development in Europe: A Panel Data Analysis 2003–2017 en
dc.type Article en
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2020-4-006
dc.identifier.eissn 2336-5604
local.relation.volume 23
local.relation.issue 4
local.relation.abbreviation E+M cs
local.relation.abbreviation E&M en
local.faculty Faculty of Economics
local.citation.spage 89
local.citation.epage 101
local.access open
local.fulltext yes
local.filename EM_4_2020_6


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