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The effect of the Internet on economic growth: Evidence from cross-country panel data

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  • Choi, Changkyu
  • Hoon Yi, Myung

Abstract

Using cross-country panel data, we found evidence that the Internet plays a positive and significant role in economic growth after investment ratio, government consumption ratio, and inflation were used as control variables in the growth equation.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 105 (2009)
Issue (Month): 1 (October)
Pages: 39-41

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Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:39-41

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Internet Growth Panel data;

References

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  1. Stephen D. Oliner & Daniel E. Sichel, 2000. "The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 3-22, Fall.
  2. Freund, Caroline L. & Weinhold, Diana, 2004. "The effect of the Internet on international trade," Journal of International Economics, Elsevier, vol. 62(1), pages 171-189, January.
  3. Hansen, Lars Peter & Singleton, Kenneth J, 1982. "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models," Econometrica, Econometric Society, vol. 50(5), pages 1269-86, September.
  4. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
  5. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  6. World Bank, 2002. "World Development Indicators 2002," World Bank Publications, The World Bank, number 13921, March.
  7. Robert J. Barro, 1995. "Inflation and Economic Growth," NBER Working Papers 5326, National Bureau of Economic Research, Inc.
  8. Stephen D. Oliner & Daniel E. Sichel. & Kevin J. Stiroh, 2007. "Explaining a productive decade," Finance and Economics Discussion Series 2007-63, Board of Governors of the Federal Reserve System (U.S.).
  9. De Long, J Bradford & Summers, Lawrence H, 1991. "Equipment Investment and Economic Growth," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 445-502, May.
  10. Christopher Gust & Jaime Marquez, 2002. "International comparisons of productivity growth: the role of information technology and regulatory practices," International Finance Discussion Papers 727, Board of Governors of the Federal Reserve System (U.S.).
  11. Hansen, Lars Peter, 1982. "Large Sample Properties of Generalized Method of Moments Estimators," Econometrica, Econometric Society, vol. 50(4), pages 1029-54, July.
  12. Yi, Myung Hoon & Choi, Changkyu, 2005. "The effect of the Internet on inflation: Panel data evidence," Journal of Policy Modeling, Elsevier, vol. 27(7), pages 885-889, October.
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Citations

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Cited by:
  1. Ceyhun Elgin, 2012. "Internet Usage and the Shadow Economy: Evidence from Panel Data," Working Papers 2012/09, Bogazici University, Department of Economics.
  2. Botos, S. & Herdon, M., 2013. "Differences of Broadband Network Infrastructure, e-Readiness and Usage in EU Rural Regions," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 5(4), December.
  3. Meijers, Huub, 2012. "Does the internet generate economic growth, international trade, or both?," MERIT Working Papers 050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  4. Manudeep Bhuller & Tarjei Havnes & Edwin Leuven & Magne Mogstad, 2013. "Broadband Internet: An Information Superhighway to Sex Crime?," Review of Economic Studies, Oxford University Press, vol. 80(4), pages 1237-1266.
  5. Pitorac Ruxandra Ioana & Cismaº Laura Mariana, 2012. "Innovation– An Influence Factor Of Cyclical Fluctuations. Study Case For Romania, Between 1995 And 2009," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 365-370, July.
  6. Choi, Changkyu, 2010. "The effect of the Internet on service trade," Economics Letters, Elsevier, vol. 109(2), pages 102-104, November.
  7. Graham, Carol & Nikolova, Milena, 2013. "Does access to information technology make people happier? Insights from well-being surveys from around the world," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 126-139.
  8. Meijers, Huub, 2012. "Does the internet generate economic growth, international trade, or both?," MERIT Working Papers 050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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