A Panel Data Model on e-Business Development of Nations
by John, Varughese Kizhakkacharuvil
Title: | A Panel Data Model on e-Business Development of Nations |
Author(s): | John, Varughese Kizhakkacharuvil |
Issued date: | 2017-09-05 |
Publisher: | e-CASE & e-Tech Fall 2017, Seoul, S. Korea |
Citation: | John,Varughese K. (2017), 'A Panel Data Model on e-Business Development of Nations', e-CASE & e-Tech Fall-2017, Seoul, Korea, pp. 4-31. |
Abstract: |
e-Business development has become a key factor for the sustainable economic growth and development of any nation in this new era of digital revolution. This is a macro level study based on the hypothesis that the e-business development of a nation can be predicted on the basis of four independent estimators, namely, 1) Country Characteristics; 2) Business Sophistication; 3) Technological Readiness; and 4) e-Government Support. A panel data of five years (2012-2016) relating to 132 world countries were collected and analyzed. The objective of the study is to develop a panel data regression model (fixed effect) which could test the theoretical foundation that e-business development of a nation could be predicted by the above four estimators. Suitable measurement indicators are collected from reliable sources like IBRD, IMF, WEF, UNCTAD, UN e-Government Report and the Transparency International for the measurement of the variables in the study. The overall functional relationship of the model is proved statistically significant on obtaining a significant F-value at <1% level and also with a high R-square value. All the coefficients are positive and significant at 1% level and hence it is proved that country characteristics, business sophistication, technological readiness, and e-government support have strong positive association to the e-business development of a nation. The growth of e-business, of course, leads to a raise in investment in Information Communication Technology (ICT) which turned out to a raise in productivity and economic growth of a nation. In conclusion, e-Business development of a nation shall be explained as ‘the formation of a culture of innovation, sophistication, discipline, adaptation, and transformation of businesses and society at large’. |
Keyword(s): | e-Business
Innovation Sophistication Transformation Panel data |
Resource type: | Research Paper |
Extent: | 27 |
Type: | Text |
File type: | application/pdf |
Language: | eng |
Rights: | This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner. |
Rights holder(s): | Author |
URI: | http://repository.au.edu/handle/6623004553/19831 |
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