The impact of e-commerce on economic growth

E- commerce is a new model of commerce based on internet connection, that managed to become an important part of the global trading in modern era. Use of e-commerce increased and became a part of daily life as the world wide web spread and information-based economics improved. This new trade model, e-commerce, offers many different solutions to both businesses and consumers when compared to traditional commerce models and creates various effects on economic indicators of countries. E-commerce was chosen as topic of this research in this context, and empirical analysis was conducted regarding whether e-commerce had effects on economic growth of countries or not. This paper has three chapters. Chapter one focuses on the term "e-commerce" itself and deals with its scope, advantages and disadvantages it brings, global e-commerce markets and various closely related issues. Second chapter explains how e-commerce is related with other economic concepts. Third chapter is about the author's original research investigating relationship between e-commerce and economic growth conducted through utilizing dated panel method on compiled data regarding economic developments of 29 European Union countries comprising 10 years. As a result of the conducted dated panel method, it was discovered that e-commerce had a positive effect on economic growth of countries.