A cross-country analysis of ICT diffusion, economic growth, and global competitiveness
This study explores the causal relationships between information and communications technology (ICT) and economic growth. It spans the post-Great Recession period of 2008-2017, which is both a period of economic tumult and slow recovery but also significant pathbreaking developments in ICT technolog...
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| Veröffentlicht in: | Applied economics in the digital era |
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| Weitere Verfasser: | , |
| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2020
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Tag hinzufügen | Zusammenfassung: | This study explores the causal relationships between information and communications technology (ICT) and economic growth. It spans the post-Great Recession period of 2008-2017, which is both a period of economic tumult and slow recovery but also significant pathbreaking developments in ICT technologies. Generalized Method of Moments estimation is applied to a dynamic panel of 107 countries to examine causality between ICT measures and economic growth. The study is unique in that it distinguishes between more affluent and less affluent countries, which makes a significant difference in the results. Stronger and statistically significant causal impacts exist in less affluent countries from mobile internet penetration to GDP per capita. Conversely, causal impacts are statistically detected from GDP per capita growth to mobile internet penetration in both more affluent and less affluent countries. However, a weak and delayed causal impact occurs from GDP per capita to fixed broadband penetration in more affluent countries; none in less affluent countries. Granger-causality between mobile internet penetration and GDP per capita is, indeed, bidirectional, at least in less affluent countries. |
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| ISBN: | 9783030406004 |