Towards Measuring the Economic Impact of Open Data by Innovating and Doing Business

Abstract

This paper provides some evidence about the impact open data has in the economic landscape, and therefore, contributes to the limited evidence in this subject. From a panel data corresponding to the period of 2014–2017 and a sample of 27 open data leader countries, the incidence of open data on the economic field is examined. The dependent variable, economic impact, is a latent variable based on innovation and doing business indicators. Results obtained show there is a significant and positive effect of open data, ICT development and income per capita on the economic impact.