Prospects for Information and Communications Technology-Enabled Services in Kenya

2018 ◽  
pp. 213-231
Author(s):  
Dianah Ngui ◽  
Peter Kimuyu
Keyword(s):  
Economic Growth ◽  
National Income ◽  
Financial Inclusion ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Efficiency Gains ◽  
African Region ◽  
Mobile Money ◽  
International Telecommunications ◽  
Export Revenue

Kenya is the largest economy in East Africa. It is also the most diversified when the ratio of agriculture to other sectors is compared. Services form a small but fast-growing sector; however, national income and export revenue are dominated by agriculture. Kenya has experienced tremendous growth in ICT which drives economic growth. This growth can be ascribed to the embrace of technology for the distribution of information and service delivery improvement. Kenya shows it has the potential to become a global leader in ICT services. In addition to contributing to GDP, ICT enables innovation, production, and efficiency gains across several sectors key to Kenya’s economic growth. ICT services-led innovations such as M-PESA, the pioneering mobile money platform, have led to financial inclusion. Kenya’s overall ranking within the African region as measured by the International Telecommunications Union ICT Development Index is higher than Uganda, Tanzania, Rwanda, and Ethiopia.

Taiwan's Economy: An Economic Recession in the Making

2016 ◽  
Vol 08 (01) ◽  
pp. 128-143
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Competitive Advantage ◽  
Industrial Structure ◽  
Economic Recession ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Technology Sector

Taiwan experienced a sharp deceleration in economic growth in the second quarter of 2015. If Taiwan's exports continue to deteriorate, Taiwan would have to struggle to maintain a one per cent growth rate. Taiwan's economic conundrums mainly lie with its deteriorating industrial structure. Without deepening industrial structural upgrades and reforms in the information and communications technology sector in particular, Taiwan will lose its international competitive advantage.

scholarly journals The Macroeconomic Impacts of E-Business on the Economy

2010 ◽  
pp. 1-11 ◽  
Author(s):  
Daniel Heil ◽  
James E. Prieger
Keyword(s):  
Economic Growth ◽  
Information And Communications Technology ◽  
Communications Technology ◽  
Profound Impact ◽  
Macroeconomic Conditions ◽  
Long Run ◽  
Macroeconomic Impacts ◽  
Business Changes ◽  
The Cost ◽  
Effectiveness Of Monetary Policy

The growing use of information and communications technology (ICT) by business—e-business— has a profound impact on the economy. E-business lowers costs and increases the choices available to consumers and firms. These microeconomic changes work their way through the economy and ultimately influence macroeconomic conditions. Overall, e-business benefits the economy in many ways. Nevertheless, not all the effects of e-business on macroeconomic conditions are positive, and some aspects of e-commerce may limit the effectiveness of monetary policy. E-business changes the macroeconomy in several beneficial ways. Some gains are static in nature, arising from the more efficient use of existing resources. For example, increases in productivity increase a nation’s GDP. In addition, by lowering search and transaction costs, e-business unleashes deflationary pressures (Willis, 2004). Other gains are dynamic, altering the path national growth takes. By lowering the cost of transferring and employing knowledge, ICT enables greater R&D and innovation, which is crucial to long-run economic growth.

scholarly journals THE CO-INTEGRATING RELATIONSHIP BETWEEN FINANCIAL INCLUSION AND ECONOMIC GROWTH IN THE SOUTHERN AFRICAN DEVELOPMENT COMMUNITY

2021 ◽  
Vol 9 (3) ◽  
pp. 170-188
Author(s):  
Oscar Chiwira ◽  
Keyword(s):  
Economic Growth ◽  
Negative Impact ◽  
Negative Relationship ◽  
Financial Inclusion ◽  
Information And Communications Technology ◽  
Broadband Internet ◽  
Distributed Lag ◽  
Long Run ◽  
Financial Monitoring ◽  
The Impact

This study examines the relationship between financial inclusion and economic growth in SADC. It uses panel data covering the period between 1995 to 2015 and employs the Autoregressive Distributed Lag (ARDL) Bounds and the Toda and Yamamoto and Dolado and Lutkepohl (TYDL) models to examine the co-integrating relationship and the direction of causality respectively. The impact of financial inclusion on economic growth, when measured by the mobile penetration rate and the number of bank branches, diminishes in the long run to an extent of having a negative relationship with economic growth. This implies possible thresholds beyond which a negative impact on economic growth is realized. The long-run influence of financial inclusion on economic growth is hinged on financial technologies, measured by fixed broadband internet services, which have great potential to foster unique financial inclusion and shift the economic paradigm, leading to a digitalized economy. Only financial inclusion initiatives that result in increased bank deposit accounts promote economic growth. SADC is encouraged to liberalize its information and communications technology sector in order to fully benefit from financial inclusion initiatives. In addition, SADC should consider embracing international financial monitoring standards so that it does not fall behind the inevitable integration of the financial sectors.

Introducing Electronic Governance in the Philippines

2008 ◽  
pp. 370-373
Author(s):  
Vicente D. Mariano
Keyword(s):  
Economic Growth ◽  
Social Justice ◽  
Job Creation ◽  
The Philippines ◽  
Information And Communications Technology ◽  
Government Agencies ◽  
Communications Technology ◽  
Good Government ◽  
Energy Independence

The Philippines has recently identified five key reform packages where information and communications technology (ICT) will play a key role: job creation through economic growth, anti-corruption through good government, social justice and basic needs, education and youth opportunity, and energy independence and savings (Patricio, 2004). Such an important role of ICT can be seen in terms of the signing of the Electronic Commerce Act of 2000, or the E-Commerce Act in June 2000. The law mandates all government agencies to adopt electronic means in their transactions within a period of two years (2000) of its signing.

scholarly journals The Impact of ICT Exports on The Economic Growth of The BRICS Countries

2020 ◽  
Vol 9 (1) ◽  
pp. 1183-1185
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Information And Communications Technology ◽  
Panel Regression ◽  
Communications Technology ◽  
Goods And Services ◽  
Brics Countries ◽  
Essential Tool ◽  
The Impact

Information and Communications Technology (ICT) is regarded as an essential tool for enhancing the productivity and efficiency of an economy. The increasing dependence and expanding demand for ICT products has led to a momentum of their trade worldwide. This paper is an attempt to look at a relatively less explored area of ICT, that is, the export of ICT goods and services. The paper aims at exploring how the exports of ICT goods and services determine the economic growth of the BRICS countries using panel regression analysis.

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