The Impact of E-commerce and R&D on Economic Development in Some Selected Countries

This paper investigated the impact of e-commerce and R&D and two other variables on economy development in 21 selected countries. This study used panel data technique with Generalized Least Square Regression (GLS) method during the period of 2005 to 2013. The results showed that e-commerce and R&D had a positive and significant impact on GDP (Gross Domestic Product) per capita based on purchasing power parity, with e-commerce having a stronger development-enhancing effect in comparison to R&D. Health expenditure and government size as other dependent variables also had a positive influence on GDP per capita, which could be effective in improving and growing the economy.