Causality Relationships Between Internet Penetration, Foreign Direct Investments, Foreign Trade and Economic Growth: An Investigation on BRICS-T Countries

With the widespread use of the internet, it has become important to examine the relationships between internet penetration and macroeconomic indicators. This study examines the causal relationships between internet penetration, foreign direct investments, foreign trade, and economic growth in BRICS-T (Brazil, Russia, India, China, South Africa, and Turkey) countries from 1993-2019. In this context, panel data analysis techniques were used in the study. The causality relationship between the variables was investigated using the causality test developed by Dumitrescu and Hurlin (2012). The findings showed that there are strong causal relationships between the variables.