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Information and communication technology use and economic growth
Maryam Farhadi1, Rahmah Ismail, Masood Fooladi
1Department of Accounting, Mobarakeh Branch, Islamic Azad University, Isfahan, Iran. farhadim58@gmail.com
Plos One
|November 16, 2012
Summary
Information and Communication Technology (ICT) use positively impacts economic growth, particularly in high-income countries. Policies facilitating ICT adoption are crucial for enhancing national economies and GDP per capita growth.
Area of Science:
- Economics
- Information and Communication Technology
Background:
- Information and Communication Technology (ICT) drives economic structural changes, globalization, and capital flows.
- ICT is vital for economic sector development, especially during liberalization.
- Economic growth theories suggest ICT investments are key drivers, though empirical evidence is mixed.
Purpose of the Study:
- To examine the impact of Information and Communication Technology (ICT) use on economic growth.
- To analyze the relationship using a dynamic panel data approach for 159 countries (2000-2009).
Main Methods:
- Employs the Generalized Method of Moments (GMM) estimator.
- Utilizes a dynamic panel data approach.
- Analyzes data from 159 countries between 2000 and 2009.
Main Results:
- A positive relationship exists between real GDP per capita growth rate and ICT use.
- Key ICT indicators include internet users, broadband subscribers, and mobile subscriptions.
- The positive effect of ICT on economic growth is more pronounced in high-income countries.
Conclusions:
- ICT use is a significant contributor to economic growth.
- High-income countries benefit more from ICT adoption.
- Implementing policies to facilitate ICT use is recommended for economic enhancement.
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