IMPACT OF E-COMMERCE ON INTERNATIONAL TRADE AMONG OECD COUNTRIES
Keywords:
E-commerce; International Trade; OECD Countries; Digital Economy; Information and Communication Technology (ICT); Cross-Border Trade; Globalization; Supply Chain Management; SMEs; Trade Facilitation.Abstract
In recent decades, technology and digitalization have evolved as one of the most crucial factors in driving economic growth and determining the dynamics of trade flows across nations on a global scale. The adoption of technology and e-commerce has opened up new avenues for enhancements in international trade in OECD countries. This study is conducted with a primary aim of investigating the relationship between e-commerce and international trade. Adopting annual data spanning 24 years from 1998 to 2022, gathered from the World Development Indicators, the research utilizes the empirical application of gravity model of trade- workhorse for international trade analysis. The empirical results indicate a statistically significant impact of e-commerce on international trade in OECD countries. The results are robust, so the policies aimed at improving telecommunication technologies to enhance e-commerce and capitalize on the potential benefits of international trade can be implemented based on them.
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