scholarly journals Impact of Economic Integration and Information and Communication Technology on Economic Growth for European Union: Dynamic Panel GMM Approach

2021 ◽  
Vol 11 (4) ◽  
pp. 1
Author(s):  
Muhammad Bilal Ahsin ◽  
Jerome Kueh ◽  
Muhammad Asraf bin Abdullah
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Information And Communication Technology ◽  
Economic Integration ◽  
Communication Technology ◽  
Generalized Method Of Moments ◽  
Substantial Effect ◽  
Rapid Economic Growth ◽  
Information And Communication ◽  
The Impact

European Union is the strongest economic union globally and has observed rapid economic growth in the last few decades. This study investigates whether economic integration and information and communication technology (ICT) promotes economic growth in the EU. Additionally, the study examines the role of ICT for economic integration and growth relationship concerning ICT readiness and usage. The study undertook panel data from 2002 to 2019 and employed the Generalized Method of Moments approach to estimate results. The results revealed that economic integration and ICT enhance economic growth. Moreover, enhanced ICT stimulates the impact of economic integration on economic growth. The results also confirmed a more substantial effect of ICT usage on economic growth than ICT readiness.

scholarly journals The Impact of ICT on Terrorism in African Countries

2021 ◽  
pp. 1-16
Author(s):  
Eric Mouchili Moumié
Keyword(s):  
Information And Communication Technology ◽  
Communication Technology ◽  
Method Of Moments ◽  
Generalized Method Of Moments ◽  
African Countries ◽  
The Past ◽  
Information And Communication ◽  
Macroeconomic Effects ◽  
The Impact ◽  
Positive Effect

Although the macroeconomic effects of information and communication technology (ICT) has been a topic of many debates in the literature over the past 20 years, the effect of ICT on terrorism is still largely unexplored. Using the Generalized Method of Moments (GMM) technique, this paper investigates the impact of ICT on terrorism on a panel of 49 African countries over the period 1998-2012. Two ICT indicators (Internet and Mobile) and four different but linked terrorism indicators (Domestic, transnational, unclear and total terrorisms) are used. The paper finds a significant positive effect of ICT on terrorism.

scholarly journals Impact of Information and Communication Technology Infrastructure on Economic Growth: An Empirical Assessment for the EU Countries

2018 ◽  
Vol 10 (10) ◽  
pp. 3750 ◽  
Author(s):  
Elena Toader ◽  
Bogdan Firtescu ◽  
Angela Roman ◽  
Sorin Anton
Keyword(s):  
Economic Growth ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Macroeconomic Factors ◽  
Eu Countries ◽  
Information And Communication ◽  
Per Capita ◽  
Ict Infrastructure ◽  
The Impact ◽  
The Eu

The accelerated development of information and communication technology (ICT) over the past two decades has encouraged an increasing number of researchers to examine and measure the impact of this technology on economic growth. Our study aims to identify and evaluate the effect of using ICT infrastructure on economic growth in European Union (EU) countries for a period of 18 years (2000–2017). Using panel-data estimation techniques, we investigate empirically how various indicators of ICT infrastructure affect economic growth, proxied in our study by GDP per capita. Within the estimates, we have included some macroeconomic control variables. Our results indicate a positive and strongly effect of using ICT infrastructure on economic growth in the EU member states, but the magnitude of the effect differs depending on the type of technology examined. Regarding the impact of macroeconomic factors, our estimates indicate that inflation rate, unemployment rate, the degree of trade openness, government expenditures, and foreign direct investments would significantly affect GDP per capita at EU level. The findings are broadly similar to the theoretical predictions, but also to the findings of some relevant empirical studies. Our research reveals that ICT infrastructure, along with other macroeconomic factors, is an important driver of economic growth in EU countries.

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

Economies ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 21 ◽  
Author(s):  
Raéf Bahrini ◽  
Alaa Qaffas
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Internet Usage ◽  
Sub Saharan Africa ◽  
Information And Communication ◽  
Ict Infrastructure ◽  
The Impact ◽  
Ssa Countries

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.

scholarly journals Impact of Information and Communication Technology (ICT) Infrastructure on Economic Growth and Income Inequality in Indonesia

2019 ◽  
pp. 109-116 ◽  
Author(s):  
Rima Untari ◽  
Dominicus Savio Priyarsono ◽  
Tanti Novianti
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Positive Impact ◽  
Simultaneous Equation ◽  
Least Square ◽  
Information And Communication ◽  
Ict Infrastructure ◽  
The Impact

Information and Communication Technology (ICT) plays an important role in supporting economic growth and overcoming income inequality. ICT infrastructure functions to facilitate the use of ICT by economic actors through ICT devices. Previous research used more data between countries or between districts/cities while Indonesia consisted of provinces with different social and economic characteristics. Therefore, the purpose of this study is to analyze the impact of ICT infrastructure on economic growth and income inequality in Indonesia using provincial panel data for the period 2011-2016. The results of the analysis of simultaneous equation models using the Two Stages Least Square (TSLS) method state that ICT infrastructure indicators consisting of cellular telephone ownership, internet accessibility, and the number of Base Transceiver Station (BTS) significantly has a positive impact on economic growth. In addition, these ICT infrastructure variables indirectly have an impact on income inequality through economic growth. Other results obtained are that government spending on ICTs do not significantly impact economic growth and income inequality in Indonesia. The conclusion is that ICT infrastructure has a direct impact on economic growth and an indirect impact on income inequality.

Export of Services and Economic Growth in Nigeria

2018 ◽  
pp. 23-49 ◽  
Author(s):  
Musibau Adetunji Babatunde
Keyword(s):  
Economic Growth ◽  
Time Series ◽  
Crude Oil ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Positive Relationship ◽  
Oil Price ◽  
Crude Oil Price ◽  
Information And Communication ◽  
The Impact

Against the background of rising tradability and the productive nature of services as a result of the revolution in information and communication technology (ICT), this study examined the impact of services exports on economic growth in Nigeria. Time series estimations established a positive relationship between services export and economic growth after controlling for a number of variables. In addition, causality was found to run from export of services to economic growth. This is an indication that services exports offered a new channel for growth that may be of significance for Nigeria, especially when it is trying to get out of the slump in crude oil price and diversify her economy.

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