The Impact of Information and Communication Technologies on Economic Growth in Latin America in Comparative Perspective

Author(s):  
Nauro F. Campos
Author(s):  
Burcu Berke ◽  
Gülsüm Akarsu ◽  
Gökhan Obay

Information overload is an important issue in the digital economy. Although, information can be easily accessed and disseminated by widespread use of information and communication technologies (ICT) since 1990s; among countries, there are still significant disparities in information access and utilization as well as ICT access and usage. ICT affect economy, industries and companies holistically and have important functions like increasing economic growth and promoting development. The basic purpose of this study is to analyze the impact of ICT on economic growth and electricity consumption for a group of Balkan and Eastern European countries by using other economic variables that affect electricity consumption and growth, such as income and electricity consumption for control purposes. This study employed a panel data method on a group of Balkan and Eastern European countries to verify the effect of other economic variables, primarily electricity consumption and found that ICT had positive impacts on economic growth.


Author(s):  
NDIAYE SOULEYMANE

The purpose of this article is to analyze the sustainability of the Senegalese economy towards a digital transition. To do this, this work focused on modeling the relationship between digital technologies and economic growth. We applied the ARDL (Auto-Regressive Distributed Lag) estimation method to model the long-term and short-term dynamics of the impact of the digital economy on economic growth in Senegal. The results of the estimates, as part of the specification used, lead to the conclusion that there is a positive impact of information and communication technologies (ICT) on economic growth. These results are mainly due to the productive nature of investment and factor productivity.


Author(s):  
Erkan Erdil ◽  
I. Hakan Yetkiner ◽  
Burcu Türkcan

This chapter tests the impact of ICT on economic growth for underdeveloped and developing countries by using a panel dataset for the period of 1995-2006. The authors first develop the theory of the relationship between ICT and economic growth. They show that ICT-capital has a positive effect both on long-run and transitional income per capita, if it is considered as a factor of production. Next, the authors estimate a panel data set with 131 underdeveloped and developing countries under the assumption that ICT is one of the determining factors of economic growth. They find that ICT has positive and significant effect on economic growth even after the use of some control variables.


Author(s):  
MUGABE Roger ◽  
Liu Shulin ◽  
Byringiro Enock

This study evaluates the influence of Information and Communication Technologies (ICT) investment and diffusion on Rwanda's economic growth. At the level we recommend, ICT imports greatly improve intermediate inputs to capital goods, resulting in increased economic growth. We use the most recent available data on technical innovation and investment for our empirical study, which spans the years 2005Q1 to 2020Q4. The results of regression analysis show that ICT development has little effect on Rwanda's economic growth. However, we notice a patchwork of information on ICT investment. We utilize ICT goods exports and imports as a proxy for ICT investment, based on previous research. Surprisingly, ICT goods exports have had no impact on Rwanda's economic growth. We do notice, however, that a 1% increase in ICT goods imports boosts economic growth by 3.9 percent. At this level, ICT goods import greatly boost the intermediate input to capital goods, resulting in increased economic growth. As a result, officials should ensure that ICT goods imports should be prioritized through supporting ICT investment to boost economic growth.


2005 ◽  
Vol 4 (2) ◽  
pp. 147-168 ◽  
Author(s):  
Mudiarasan Kuppusamy ◽  
A. Solucis Santhapparaj

AbstractInformation and communication technologies (ICT) have become the key drivers for socioeconomic development in recent years. This paper provides an empirical examination on the impact of ICT on Malaysian economic growth over the period 1975-2002 by using secondary data. Real GDP has been used as the dependent variable with three independent variables, namely, investment on ICT, non-ICT investment, and total labor employed in the economy. The unrestricted error correction method (UECM) and the cointegration bounds test revealed that the ICT had contributed positively to Malaysia's economic growth over the study period. The empirical result reflects the benefits gained from the immense ICT-based investment made in the country over the years. Further, several policy recommendations are discussed on how Malaysia can achieve better economic growth by leveraging of ICT.


Author(s):  
Burcu Berke ◽  
Gülsüm Akarsu ◽  
Gökhan Obay

Information overload is an important issue in the digital economy. Although, information can be easily accessed and disseminated by widespread use of information and communication technologies (ICT) since 1990s; among countries, there are still significant disparities in information access and utilization as well as ICT access and usage. ICT affect economy, industries and companies holistically and have important functions like increasing economic growth and promoting development. The basic purpose of this study is to analyze the impact of ICT on economic growth and electricity consumption for a group of Balkan and Eastern European countries by using other economic variables that affect electricity consumption and growth, such as income and electricity consumption for control purposes. This study employed a panel data method on a group of Balkan and Eastern European countries to verify the effect of other economic variables, primarily electricity consumption and found that ICT had positive impacts on economic growth.


2012 ◽  
pp. 1250-1263
Author(s):  
Alberto Chong ◽  
Cecilia de Mendoza

While the current scientific literature is quite scarce for most of the developing world, several leading researchers have made great strides in understanding the role of cyber technologies and related information and communication technologies (ICT) in economic development. A good proportion of this work lays on interventions in the regions of South Asia and Africa. However, cyber-behavior research focused on Latin America has been very limited. Very recently, a group of researchers took a bold step to apply rigorous statistical tools in a systematic way to evaluate how these technologies contributed to the success of several development projects in the region of Latin America. This chapter draws on several of the background papers of the book “Development Connections: Unveiling the Impact of Information Technologies,” edited by Alberto Chong, as well as some of the book’s chapters. It summarizes a number of specific cyber-interventions in the areas of finance, education and poverty-reduction that took place in Latin America and that may lead to a better understanding of the impact of interventions to know what works, what does not, and why.


Author(s):  
Alberto Chong ◽  
Cecilia de Mendoza

While the current scientific literature is quite scarce for most of the developing world, several leading researchers have made great strides in understanding the role of cyber technologies and related information and communication technologies (ICT) in economic development. A good proportion of this work lays on interventions in the regions of South Asia and Africa. However, cyber-behavior research focused on Latin America has been very limited. Recently, some researchers have taken steps to apply rigorous statistical tools in a systematic way to evaluate how these technologies contributed to the success of several development projects in the region of Latin America. In this chapter, the authors summarize a number of specific cyber-interventions that have taken place in Latin America and that may lead to a better understanding of the impact of interventions to know what works, what does not, and why. The common thread of all the existing cyber-behavior research is that tools must go hand in hand with high quality messaging and content for them to be fully effective.


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