Impact of Information and Communication Technology on Economic Growth: Evidence from Developing Countries

被引:160
作者
Bahrini, Raef [1 ]
Qaffas, Alaa A. [1 ]
机构
[1] Univ Jeddah, Coll Business, Asfan Rd 21595, Jeddah, Saudi Arabia
关键词
economic growth; ICT; developing countries; MENA; SSA; panel GMM; FINANCIAL DEVELOPMENT; BROAD-BAND; ICT; LEVEL; INFRASTRUCTURE; PRODUCTIVITY; EMPLOYMENT; LESSONS;
D O I
10.3390/economies7010021
中图分类号
F [经济];
学科分类号
02 ;
摘要
The present study aims to evaluate the impact of information and communication technology (ICT) on the economic growth of selected developing countries in the Middle East and North Africa (MENA) region and the Sub-Saharan Africa (SSA) region by using a panel Generalized Method of Moment (GMM) growth model over the period 2007-2016. The results extracted from the econometric model show that except fixed telephone, other information and communication technologies such as mobile phone, Internet usage, and broadband adoption are the main drivers of economic growth in MENA and SSA developing countries over the recent period 2007-2016. In addition, our findings confirm the superiority of MENA countries over SSA countries in the areas of Internet usage and broadband adoption. From a policy perspective, the results suggest that authorities in MENA and SSA countries should increase investments in ICT infrastructure. To benefit from the ICT drivers of economic growth, policymakers should enact several important policies that permit the development of financial sectors, provide a more convenient regulatory and institutional environment, increase economy openness, prioritize the allocation of resources to the development of ICT infrastructure, and contain the negative effects of inflation and government consumption.
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页数:13
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