Information technology, income inequality and economic growth in sub-Saharan African countries

Odhiambo, Nicholas M.

doi:10.1016/j.telpol.2022.102309

Cited by 53 publications

(29 citation statements)

References 92 publications

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“…Over the last few decades, several studies identified tourism as one of the key contributors to economic growth through higher tax revenues, foreign currency gains and international investment. Given the importance of tourism, several studies including those by Bartik (1991), Papatheodorou (2004), Schilcher (2007), Tosun et al (2003), Lee and O'Leary (2008), Scheyvens and Momsen (2008), Lee (2009), Muchapondwa and Stage (2013), Incera and Fern andez (2015), Raza and Shah (2017), Li et al (2016), Li et al (2015), Fang et al (2021), Zhang (2021), Ghosh and Mitra (2021), Odhiambo (2022) and Sudsawasd et al (2022) examined its impact on income disparity. According to these studies, tourism has both detrimental and beneficial effects on a country's income inequality.…”

Section: Literature Reviewmentioning

confidence: 99%

Tourism and income inequality

Subramaniam

Masron

Loganathan

2022

JBSED

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PurposeTourism has grown to be one of the world's largest and fastest-growing economic industries. Tourism development is viewed as a tool to improve income distribution as it allows people at the bottom of the pyramid to get involved in the industry. This study aims to examine the impact of tourism on income inequality in the top income equality countries.Design/methodology/approachThe paper employs fully modified ordinary least squares (FMOLS) and dynamic ordinary least squares techniques to investigate the dynamic impact of tourism on income inequality in the world's most income equality countries, from 2001 to 2016.FindingsThe result shows that tourism is one of the major drivers of income equality. Thus, tourism can be used to reduce a country's income disparity.Practical implicationsAs a result, policymakers should support the tourism industry to reduce income disparity and enhance income distribution.Originality/valueGiven the conflicting findings in the literature, this study reexamines this link and attempts to backwardly assess if the top equal-income countries in the world are heavily dependent on tourism.

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Section: Literature Reviewmentioning

confidence: 99%

Tourism and income inequality

Subramaniam

Masron

Loganathan

2022

JBSED

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“…In addition, the model corrects the heteroscedasticity and autocorrelation problems presented by the model to obtain more consistent estimators. This approach is shown in Equation (1). The dependent variable is inequality, and the main independent variable is technological innovation.…”

Section: Econometric Strategymentioning

confidence: 99%

“…One of the most worrying social problems of modern economies consists of finding a method to ensure that the benefits of economic progress are distributed equitably to achieve well-being and social cohesion [1]. Income inequality generates economic and social instability that is detrimental to economic progress [2].…”

Section: Introductionmentioning

confidence: 99%

Causal Link between Technological Innovation and Inequality Moderated by Public Spending, Manufacturing, Agricultural Employment, and Export Diversification

et al. 2022

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Sustainable Development Goal 10 (SDG10) proposes the reduction of inequalities. This research highlights the importance of considering short- and long-term mechanisms for designing and applying policies to reduce income inequality. Specifically, we test for the causal link between technological innovation and income inequality using a balanced panel data sample from 73 countries worldwide. The inequality–technological innovation relationship is moderated by public spending, manufacturing, employment in agriculture, and export diversification. We use quantile regression techniques to test the impact of technological innovation on income inequality. The results offer robust empirical evidence that in most quantiles, the impact of technological innovation on inequality is positive. This result suggests that the dark side of technological innovation is that it increases income inequality. Furthermore, we find that government spending reduces inequality across all quantiles, while the effect of employment in agriculture and export diversification is inconclusive. Those responsible for social policy towards the achievement of SDG10 must include the advantages of public spending to reduce social disparities and promote social cohesion within countries.

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“…The study recommends that the government explore ensuring greater distribution of infrastructure across socioeconomic levels. Odhiambo (2022) concluded that the threshold level of income disparity must not be exceeded if the favorable influence of ICTs on economic growth is to be sustained in Sub-Saharan African countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing the role of information and communication technology in reducing the gap between rich and poor: the case of South Asia

Ahmad

Khan

Haq

2022

IJSE

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PurposeThe widening income gap between rich and poor has gained worldwide recognition in recent decades. This income gap between rich and poor is defined as the extent of income unevenly distributed in a host country. This study provides an empirical view of the association between information and communication technology and the widening of the income gap.Design/methodology/approachThe study used panel data from 2005 to 2019. To detect unit root issues, Levin and Lin (LL) and Im, Pesaran and Shin (IPS) tests were first employed. The pooled mean group and mean group estimators were employed to investigate the short and long -term impact of information and communication technology and other control factors on reducing the gap between rich and poor in South Asia.FindingsThe results showed that the Pooled mean group's findings are more efficient and consistent as compared to mean group estimators. The results of the paper showed that the greater penetration of information and communication technologies in the economy negatively and significantly affects income inequality. Moreover, the information and communication technology, foreign remittances and foreign direct investment (FDI) significantly reduce the gap between rich and poor in the long run.Practical implicationsAt last, the findings of the study serve as an excellent roadmap for policymakers seeking to address the issue of growing income inequality in the South Asian regions and worldwide.Originality/valueBased on the findings of this study, South Asia can reduce the gap between rich and poor by investing more in the information and communication technology sector.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-10-2021-0638

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Information technology, income inequality and economic growth in sub-Saharan African countries

Cited by 53 publications

References 92 publications

Tourism and income inequality

Tourism and income inequality

Causal Link between Technological Innovation and Inequality Moderated by Public Spending, Manufacturing, Agricultural Employment, and Export Diversification

Assessing the role of information and communication technology in reducing the gap between rich and poor: the case of South Asia

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