ICT, Financial Development, Economic Growth and Electricity Consumption: New Evidence from Malaysia

Solarin, Sakiru Adebola; Shahbaz, Muhammad; Khan, Habib Nawaz; Razali, Radzuan

doi:10.1177/0972150918816899

Cited by 41 publications

(24 citation statements)

References 85 publications

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“…According to Table 2, the estimated coefficients of the main explanatory variables named Lnictci in M(1a) and M(1b) are 0.2282 and 0.3927 and meets the ttest at the significance level of 1%, which means the development of ICT promotes on the aggregate (per capita) EC in China. is further validates the conclusions of Afzal et al [16], Afzal and Gow [7], Salahuddin and Alam [19], and Mathematical Problems in Engineering Solarin et al [61] and reconfirm that the use of ICT promotes electricity demand. e estimated parameter of W * Lnictci in M(1a) and M(1b) are − 0.1434 and − 0.2657 and meets the t-test at the significance level of 5% and 10%, respectively, which indicates the spillover effect of ICT is negatively correlated with the aggregate (per capita) EC.…”

Section: Test Of Cross-section Dependencesupporting

confidence: 85%

“…For example, some literature used the number of Internet users (net) as an indicator measuring information technology, the number of landline and mobile phone users (tele) as an indicator measuring the use of communication tools [6,11,14], and the industrial added value of telecommunication services (ICTP) measuring the development of ICT industry [13]; the other is to synthesize a comprehensive indicator. Concerning studies combined several indexes such as Internet broadband, Internet users, landline and mobile phone, and computer users into one index to measure the development of ICT based on the principal component analysis (PCA) [12,21,35,61]. Referring to the existing literature and improve its practice, this study chooses Internet users (net), landline, and mobile phones per 100 people (tele) and the industrial added value of telecommunication services (ICTP) to measure the three specific performance of the development of ICT, respectively.…”

Section: Variables and Datamentioning

confidence: 99%

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Direct Effect and Spillover Effect of ICT on Electricity Consumption in China: Evidence from a Spatial Panel Analysis

Yang

2021

Mathematical Problems in Engineering

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The extensive use of information and communication technologies (ICT) has facilitated people’s lives and promoted the improvement of productivity. In the meantime, ICT has a profound effect on the efficiency of electricity utilization and the demand for electricity. The existing studies consider the direct effect of ICT on electricity consumption (EC) but neglect the spillover effect of ICT on EC and their action channels. Under the assumption of cross-section dependence, this paper introduces spatial modeling techniques to confirm the positive direct effect and negative spillover effect of ICT on EC. The positive direct effects and negative spillover effects of information technology on EC are similar to those of the communication technology, and the absolute value of the former is also greater than the latter. Additionally, the results of meditation effect modeling also confirm that there exists an incomplete mediating effect in the process of the ICT affecting EC through the channels of economic growth and the adjustment of the industrial structure. This study provides freshly empirical evidence for people to better understand the role of ICT in EC and opens fresh insights for policymakers to make corresponding policy adjustments.

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Section: Test Of Cross-section Dependencesupporting

confidence: 85%

Section: Variables and Datamentioning

confidence: 99%

Direct Effect and Spillover Effect of ICT on Electricity Consumption in China: Evidence from a Spatial Panel Analysis

Yang

2021

Mathematical Problems in Engineering

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“…Ref. [69] study the influence of ICT, financial development, and economic expansion on Malaysian power consumption; quarter-frequency data from 1990 to 2015 is used. A cointegration method with structural break is used to evaluate the long-run connection.…”

Section: Ict-financial Innovation-sustainable Economic Growth Nexus In Chinamentioning

confidence: 99%

An Officious Impact of Financial Innovations and ICT on Economic Evolution in China: Revealing the Substantial Role of BRI

et al. 2021

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The Belt and Road Initiative removes regional barriers and brings communities closer together. In addition, ICT and financial innovation have helped transform the world into a big village and promoted economic growth. The study assessed the dynamic impact of ICT, economic globalization, and financial innovation on China’s economic growth. The study used quarterly data from 2000 to 2019 and used the ARDL model to determine long-term and short-term consequences. The results of the study show that ICT has a positive affiliation with economic growth in China. In addition, financial innovation has also shown a direct impact on economic growth. The study shows that China’s One Belt One Road project (economic globalization) has a great positive impact on its GDP. The consequences of the causality test discovered the significant unidirectional causality running from ICT and economic globalization (ECGI) to GDP. The study recommends mandatory policies related to ICT, financial innovation, and economic globalization to achieve long-term and sustainable development in China.

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“…This is further evidenced by the popular use of mobile-money services in less electricity deprived areas or households in emerging countries as highlighted by Mothobi and Grzybowski (2017). Hence to that effect causality findings between electricity consumption and financial development may be valid with popular findings of causality running from electricity consumption to financial development found by a number of studies (Ozturk and Acaravci 2013;Solarin et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 69%

Access to Electricity, Information and Communications Technology (Ict), and Financial Development: Evidence From West Africa

Owolabi

Oku

Alejo

et al. 2021

IJEEP

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Poor Access to electricity may hinder West African countries from raising levels of financial development with the aid of Information communication Technology (ICT). Using 16 West African countries, and data over the period of 2000 to 2017, this present study analyses the effect of greater access to electricity on financial development through ICT. ICT was measured using mobile use and internet use, while financial development was measured using private bank credit to GDP ratio and Broad Money Supply to GDP ratio. Panel data fixed effect instrumental variables estimation was used for analysis and the study found that access to electricity significantly boosts mobile use and internet use, while resulting from access to electricity mobile use significantly boosted both measures of financial development but internet use significantly reduced the measures. Further categorizing sample countries into Anglophone and Francophone West Africa countries, access to electricity through ICT boosted both measures of financial development for Francophone countries, while only boosting broad money supply to GDP ratio for Anglophone countries. Thus greater access to electricity through for example provision of electricity infrastructure and regulation of electricity charges to households and firms is important to boost levels of financial development in West Africa.

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ICT, Financial Development, Economic Growth and Electricity Consumption: New Evidence from Malaysia

Cited by 41 publications

References 85 publications

Direct Effect and Spillover Effect of ICT on Electricity Consumption in China: Evidence from a Spatial Panel Analysis

Direct Effect and Spillover Effect of ICT on Electricity Consumption in China: Evidence from a Spatial Panel Analysis

An Officious Impact of Financial Innovations and ICT on Economic Evolution in China: Revealing the Substantial Role of BRI

Access to Electricity, Information and Communications Technology (Ict), and Financial Development: Evidence From West Africa

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