Modern trends of impact on economic development of countries: e-commerce and R&D

Tetiana Zatonatska1, Oleksandr Rozhko1, Nataliia Tkachenko1
1. Taras Shevchenko National University of Kyiv (Ukraine)
129 - 135
Cite as:
Zatonatska, T., Rozhko, O., & Tkachenko, N. (2018). Modern Trends of Impact on Economic Development of Countries: E-Commerce and R&D. Marketing and Management of Innovations, 4, 129-135.


The rapid development of information technology provides high growth rates of e-commerce. Today, e-business plays an important role in the structure of economies of advanced countries. In Ukraine, it develops more slowly than in neighbouring countries due to economic, social and political instability, low purchasing capacity of the population, lower demand for goods and services, devaluation of hryvnia, currency fluctuations, etc. However, domestic economists predict that the importance of e-commerce for the Ukrainian economy will increase annually. In such circumstances, the issue of identifying relationships between e-commerce and investment in research and development with the country's economic development becomes relevant as well as finding of tools for measuring the extent of e-commerce's impact on economic growth. The aim of the article is to construct a set of economic and mathematical models to assess the impact of e-commerce and investment in research and development on the country's economic development. Comparing the results of modelling in three countries, it has been determined that the value of e-commerce and R&D expenditures is more significant for GDP per capita growth in Ukraine and Poland due to the higher level of ICT development in Austria and its approximation to the saturation point relative to the growth rates of innovation industries. While comparing the levels of exposure to e-commerce and R&D costs in these countries, it was found that e-commerce occupies the first position only in Austria. While analysing the parameters of the models of three countries, it has been determined that GDP per capita is the most sensitive to changes in the indicators in the Ukrainian model. That demonstrates that the economy of Ukraine is less stable compared to Poland and Austria. Expenditure on R&D and e-commerce has a significant impact on the country's economic development and contributes to increasing of gross domestic product and productivity of manufacture.

e-commerce, research and development, economic development, economic growth, economic and mathematical modelling.

  1. Anvari, R. & Norouzi, D. (2018), “The impact of e-commerce and R&D on economic development in some selected countries”, available at (Accessed 25 October 2018).
  2. Liu, Tk., Chen, Jr., Huang, C. J. & Yang, Chi. (2013). E-commerce, R&D, and productivity: Firm-level evidence from Taiwan. Information Economics and Policy, 25, 272-283.
  3. Lund M., J. F., & McGuire, S. (2005). Institutions and development: Electronic commerce and economic growth. Organization Studies, 26(12), 1743-1763.
  4. Karlsson, E. & Liljevern, J. (2017). ICT Investment and the Effect on Economic Growth: International business school «Jönköping university», Bachelor thesis.
  5. Yousefi, A. (2011). The impact of information and communication technology on economic growth: evidence from developed and developing countries. Economics of Innovation and New Technology, 20:6,581-596.
  6. Niebel, T. (2016). ICT and economic growth: Comparing developing, emerging and developed countries. ZEW Discussion Papers, 14,117.
  7. Venturini, F. (2006). ICT and Productivity Resurgence: A growth model for the Information Age. IDEAS Working Paper Series from RePEc, 259.
  8. Hossain, Z., Ishaq Bhatti, M. & Ali, Z. (2004). An econometric analysis of some major manufacturing industries: A case study. Managerial Auditing Journal, 19: 6, 790-795. 
  9. Pham, T. & Nguyen, D. (2010). Does exchange rate policy matter for economic growth? Vietnam evidence from a cointegration approach. Economics Bulletin, 1, 169-181.
  10. Zatonatska, T. & Novosolova, V. (2017). Modeljuvannja vplyvu elektronnoji komerciji na ekonomičnyj rozvytok krajiny. [Modeling of impact of e-commerce on economic development]. Finansovo-kredytna dijalʹnistʹ: problemy teoriji ta praktyky – Financial and credit activity: problems of theory and practice, 1(22),265-273.
  11. Zatonatska, T. (2018). Models for analysis of impact of the e-commerce on indicators of economic development of Ukraine, Poland and Austria. Marketing and Management of Innovations, 2, 44-53.
  12. The official site of Eurostat. (2018), available at: (Accessed 25 October 2018).
  13. The official site of World Bank (2018), available at: (Accessed 25 October 2018).
  14. The official site of State Statistics Service of Ukraine (2018), available at: (The official site of Ministry of Finance of Ukraine (2018), available at: (Accessed 25 October 2018).