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How ICT affects economic growth in the Euro area during the economic crisis

机译：ICT如何影响经济危机期间欧元区的经济增长

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摘要

The financial and economic crisis in Europe highlighted issues related to the competitiveness of member states, as well as the importance of measuring each country's economic efficiency. Professional experts and the academic community are making efforts to develop appropriate strategies for each country to achieve sustainable growth. In the era of international competition, Information and Communications Technologies (ICTs) have been studied as a source for economic growth. This current study aims to expand our understanding on how ICTs can lead to economic growth in the Eurozone, officially called the Euro area. Our research targeted a 20-year period (1996-2016) but most emphasis has been put on the period of the economic crisis (2008-2016). Growth accounting methodology has been used, alongside regression analysis and the Cobb-Douglas production function, in order to estimate the Eurozone countries' production functions. Results indicate that ICT capital is a factor of growing importance, during the economic crisis, which contributes positively to the economic growth of the Eurozone. Investments in ICT under economic crisis conditions seem to have a greater impact on development than in previous years, revealing the fundamental role of ICT in economic renaissance.
机译：欧洲的金融和经济危机强调了与会员国竞争力有关的问题，以及衡量每个国家的经济效率的重要性。专业专家和学术界正在努力为每个国家制定适当的战略，以实现可持续增长。在国际竞争时代，信息和通信技术（信息通信技术）被研究为经济增长的来源。本研究目前的研究旨在扩大我们对ICT在欧元区的经济增长如何导致欧元区的经济增长的理解。我们的研究有针对性为20年（1996-2016），但大多数重点都是经济危机时期（2008 - 2016年）。在回归分析和COBB-DOGGLAS生产功能的使用中使用了增长核算方法，以估计欧元区国家的生产职能。结果表明，在经济危机期间，ICT资本是一个越来越重要的因素，这促成了欧元区经济增长的积极贡献。经济危机条件下ICT的投资似乎对发展产生了更大的影响，而不是前几年，揭示了ICT在经济文艺复兴中的基本作用。

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