The impact of digital and socio-economic factors on the GDP per capita of European countries
DOI:
https://doi.org/10.24136/cxy.2026.002Keywords:
GDP per capita, digital economy, linear regressionAbstract
Motivation: The ongoing digitalisation and development of artificial intelligence have a significant impact on European economies. Understanding how AI and other digital and social variables influence GDP per capita is crucial for designing effective development policies.
Aim: The aim of the article is to identify the impact of digital and socio-economic parameters on the GDP per capita of European countries.
Materials and methods: Quantitative analysis was employed in the study, utilising both univariate and multivariate linear regression models. Based on Eurostat data for 2023, the situation was assessed in 28 European countries.
Results: The analysis showed statistically significant relationships between most of the evaluated parameters and the level of GDP per capita, particularly strong in univariate models. The strongest effects were observed for the level of AI acceptance and employment in the science and technology sector. In multivariate models, some parameters lost their statistical significance, which may be due to a reduced number of observations and complex relationships between predictors. The results highlight the importance of human resources and digitalisation in shaping the level of economic development.
Downloads
References
Ampuła, D. (2014). Regresja jako metoda procesu predykcji. Problemy Techniki Uzbrojenia, 130(2), 67–78.
Andrey, Z., Evgeniy, K., Yulia, B., & Zarema, D. (2020). Influence of the level of development of the digital environment on the trend of gross domestic product in the countries of the European Union. E3S Web of Conferences, 211, 04006. https://doi.org/10.1051/e3sconf/202021104006.
Fernández-Portillo, A., Almodóvar-González, M., & Hernández-Mogollón, R. (2020). Impact of ICT development on economic growth: A European analysis. Technology in Society, 63, 101420. https://doi.org/10.1016/j.techsoc.2020.101420.
Hamilton, J.R., Tee, S., & Maxwell, S.J. (2023). AI and firm competitiveness. Proceedings of the International Conference on Electronic Business, 23, 17–24.
Heinze, G., & Dunkler, D. (2017). Five myths about variable selection. Transplant International, 30(1), 6–10. https://doi.org/10.1111/tri.12895.
Heinze, G., Wallisch, C., & Dunkler, D. (2018). Variable selection — A review and recommendations for the practicing statistician. Biometrical Journal, 60(3), 431–449. https://doi.org/10.1002/bimj.201700067.
Magoutas, A. I., Chaideftou, M., Skandali, D., & Chountalas, P. T. (2024). Digital Progression and Economic Growth: Analyzing the Impact of ICT Advancements on the GDP of European Union Countries. Economies, 12(3), 63. https://doi.org/10.3390/economies12030063.
Marino, D., Gil Lafuente, J., & Tebala, D. (2023). Innovations and development of artificial intelligence in Europe: Some empirical evidences. European Journal of Management and Business Economics, 32(5), 620–636. https://doi.org/10.1108/EJMBE-03-2023-0085.
Mićić, L. (2017). Digital transformation and its influence on GDP. Economics, 5(2), 135–147. https://doi.org/10.1515/eoik-2017-0028.
Mihai, F., Aleca, O.E., & Gheorghe, M. (2023). Digital transformation based on AI technologies in European Union organizations. Electronics, 12(11), 2386. https://doi.org/10.3390/electronics12112386.
Mubarak, F., Suomi, R., & Kantola, J. (2020). Confirming the links between socio-economic variables and digitalization worldwide. Journal of Information, Communication and Ethics in Society, 18(4), 551–568. https://doi.org/10.1108/JICES-02-2019-0021.
Saam, M. (2024). The impact of artificial intelligence on productivity and employment: How can we assess it and what can we observe? Intereconomics, 59(1), 47–53. DOI: 10.2478/ie-2024-0006
Sari, A.Y. (2024). The impact of AI on global GDP: Comparative analysis between countries. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.5341626.
Sitarski, K., Wiśniewski, M., Gąsiorkiewicz, A., & Sobolewska, O. (Eds.). (2017). Gospodarka cyfrowa 2016: Zarządzanie, innowacje, społeczeństwo i technologie. Wydział Zarządzania, Politechnika Warszawska.
Su, X., Yan, X., & Tsai, C. (2012). Linear regression. WIREs Computational Statistics, 4(3), 275–294. https://doi.org/10.1002/wics.1198.
Toader, E., Firtescu, B., Roman, A., & Anton, S. (2018). Impact of information and communication technology infrastructure on economic growth: An empirical assessment for the EU countries. Sustainability, 10(10), 3750. https://doi.org/10.3390/su10103750.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Catallaxy

This work is licensed under a Creative Commons Attribution 4.0 International License.



