Analyzing the economic footprint of e-commerce on

Transcript:Analyzing the economic footprint of e-commerce on:
Analyzing the economic footprint of e-commerce on real GDP growth Radomir Sylvester Robert, Șerbu Răzvan, Lucian Blaga University of Sibiu, Sibiu, Romania First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 About myself I’m Robert, a Ph.D. student specializing in economics, at Lucian Blaga University of Sibiu. I work in the food sector and I’m passionate about finding new ways to improve it. I believe thriving businesses in this sector drive broader economic growth. First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 About the article This article presents a study examining how e-commerce sales influenced Real Gross Domestic Product (GDP) growth from 2020 to 2022. Using Eurostat data on e-commerce sales and Real GDP growth rate, the study focuses on businesses with 10 or more employees. Results are expected to show a positive correlation between e-commerce activity and GDP growth, highlighting e-commerce's importance for economic development. The findings could inform business decisions and policymaking for sustainable growth. First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 E-commerce and Economic Growth In Liu's (2012) study, an econometric model is utilized to investigate the connection between e-commerce advancement and economic growth, with a specific emphasis on the landscape of Chinese e-commerce. The findings of the study suggest that e-commerce not only fosters economic growth but also assumes a strategic position in driving overall economic expansion. First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 In their 2015 study, Falk and Hagsten explored the link between e-commerce activities and labor productivity growth in 14 European countries spanning from 2002 to 2010. Their findings revealed a notable positive correlation between e-sales and labor productivity growth. First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 Impact of E-commerce on Real GDP and Economic Development Smyrnova (2021) discussed current trends in digital communications by enterprises, noting the positive impact of e-business development on the world economy. The study pointed out that e-commerce accelerates economic growth, reduces inflation, increases productivity, and enhances employment, underscoring the growing influence of e-commerce on national economic development. First Annual FORTHEM conference FORTHEM – For the Future March 6-8, 2024 Methodology The empirical analysis is grounded on data extracted from two principal sources: the "E-commerce sales of enterprises by size class of enterprise" (isoc_ec_esels)