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ICT and Economic Growth: Evidence from Twelve MENA Economies

Author

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  • Subaran Roy

    (UAE Academy, Abu Dhabi, UAE)

  • Abdel Moneim M. B. Ahmed

    (UAE Academy, Abu Dhabi, UAE)

  • Abdullah A. Abonamah

    (UAE Academy, Abu Dhabi, UAE)

Abstract

Technological progress is a significant factor that drives economic growth. One of the most visible evidence of modern technological progress is Information and Communication Technology (ICT). In this paper we examine the importance of ICT in the context of economic growth. Based on the availability of data a group of 12 MENA economies (including GCC countries) are included in the study for the time period 1995-2007. A first look on the data clearly indicates huge increase in the use of internet, personal computers, land lines and cell phones for most of the countries in the sample. Using the error component model with Autoregressive disturbance of order 1 [AR(1)] results indicate significant evidence for 3 measures of ICT in enhancing economic growth. To avoid biased estimates in all results we always control for the other relevant variables that can potentially affect economic growth. Results are robust to inclusion of the other variables.

Suggested Citation

  • Subaran Roy & Abdel Moneim M. B. Ahmed & Abdullah A. Abonamah, 2014. "ICT and Economic Growth: Evidence from Twelve MENA Economies," International Journal of Customer Relationship Marketing and Management (IJCRMM), IGI Global, vol. 5(1), pages 16-30, January.
    • Handle: RePEc:igg:jcrmm0:v:5:y:2014:i:1:p:16-30
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    Cited by:

    1. Gasmi, Farid & Kouakou, Dorgyles & Noumba Um, Paul & Rojas Milla, Pedro, 2023. "An empirical analysis of the social contract in the MENA region and the role of digitalization in its transformation," TSE Working Papers 23-1423, Toulouse School of Economics (TSE).

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