The impact of information and communication technology on economic growth: evidence from developed and developing countries

Yousefi, Ayoub

doi:10.1080/10438599.2010.544470

Cited by 165 publications

(107 citation statements)

References 21 publications

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“…The verification of the estimated model of the production function of the EU-7 countries proves the determination coefficient of 0.283, which is higher as compared to similar study (Yousefi 2011), where R 2 = 0.111. Low level of the coefficient determination is increased on other studies through control variables such as globalization, a labour quality index and R&D indicators The residual analysis in Figure 3 confirmed residual normality at the 5% significance level, based on the Jargue-Bera test near the 5% significance level.…”

Section: Econometric Estimation Of the Production Function Of The Eu-mentioning

confidence: 74%

Does Ict Capital Affect Economic Growth in the Eu-15 and Eu-12 Countries?

Hančlová

Doucek

Fischer

et al. 2014

Journal of Business Economics and Management

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The paper examines economic growth in old and new member countries of the European Union (EU-15 and EU-12) during the years of 1994-2000 and 2001-2008 mainly due to changes in information and communication technology (ICT) capital development. The first group EU-15 is presented by old EU countries and the second group EU-12 is presented by new member countries that joined the EU in 2004-2007. The threefactor Cobb-Douglas production function is estimated through the panel general least squares method. The input factors that might influence the economic growth are labour, ICT capital services and non-ICT capital services. Since ICT capital growth data are not available for all selected economies, the groups of countries were reduced to EU-14 and EU-7. The estimated panel production functions confirmed that the average growth of GDP in the EU-7 countries was supported by the stable growth of labour quantity and ICT-capital and increasing total factor productivity. A short-term drop in non-ICT capital growth with follow-up stagnation was caused rather by lower labour productivity. The research discovered that the drop in GDP growth in the EU-14 countries was a result of the slower growth of non-ICT capital and total factor productivity and the stagnated growth of ICT capital with low elasticity, and showed that even the compensation of growth in labour quality did not prevent a decrease in total factor productivity and economic growth.

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Section: Econometric Estimation Of the Production Function Of The Eu-mentioning

confidence: 74%

Does Ict Capital Affect Economic Growth in the Eu-15 and Eu-12 Countries?

Hančlová

Doucek

Fischer

et al. 2014

Journal of Business Economics and Management

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show abstract

“…Yousefi [63] noticed that ICT contributes to the growth of high and upper-middle income groups, but it fails to provide support for lower-middle income group countries. In the same vein, Farhadi, et al [64] reported a positive link between growth rate of real GDP per capita and ICT use index, but the impact of ICT use on economic growth was greater in high income group rather than other groups.…”

Section: The Impact Of Infrastructure and Technology On Sustainable Ecomentioning

confidence: 99%

Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries

2017

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This study aims at empirically investigating the drivers of sustainable economic growth in EU-28 countries. By means of panel data regression models, in the form of fixed and random effects models, alongside system generalized method of moments, we examine several drivers of real gross domestic product (GDP) growth rate, as follows: higher education, business environment, infrastructure, technology, communications, and media, population lifestyle, and demographic changes. As regards higher education, the empirical results show that expenditure per student in higher education and traditional 18-22 year-old students are positively linked with sustainable economic growth, whereas science and technology graduates negatively influence real GDP growth. In terms of business environment, total expenditure on research and development and employment rates of recent graduates contributes to sustainable development, but corruption perceptions index revealed a negative association with economic growth. As well, the results provide support for a negative influence of infrastructure abreast technological measures on economic growth. Besides, we found a negative connection between old-age dependency ratio and sustainable economic growth.

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“…Based on the same data but with a refined econometric approach and the inclusion of foreign direct investment (FDI) as an additional control variable, which is seen as an important channel for technology diffusion, 10 Dimelis and Papaioannou (2010) report that the impact of ICT is stronger in developing than in developed countries. The study by Yousefi (2011) uses World Bank data for the period 2000 to 2006 and finds an insignificant impact of ICT capital investment on output growth for developing countries. The paper by Dedrick et al (2013) has the most recent and comprehensive data so far.…”

Section: Related Literaturementioning

confidence: 99%

ICT and economic growth – Comparing developing, emerging and developed countries

2018

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Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW. ICT and Economic Growth -Comparing Developing, Emerging and Developed CountriesThomas Niebel * ZEW MannheimDecember 2014 AbstractThis paper analyzes the impact of information and communication technologies (ICT) on economic growth in developing, emerging and developed countries. It is based on a sample of 59 countries for the period 1995 to 2010. Various panel data regressions confirm the positive relationship between ICT capital and GDP growth. The regressions for the subsamples of developing, emerging and developed countries do not reveal statistically significant differences of the output elasticity of ICT between these three country groups.

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The impact of information and communication technology on economic growth: evidence from developed and developing countries

Cited by 165 publications

References 21 publications

Does Ict Capital Affect Economic Growth in the Eu-15 and Eu-12 Countries?

Does Ict Capital Affect Economic Growth in the Eu-15 and Eu-12 Countries?

Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries

ICT and economic growth – Comparing developing, emerging and developed countries

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