IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v14y2023i3d10.1007_s13132-022-00890-6.html
   My bibliography  Save this article

Impact of Information and Communication Technology, Financial Development, and Trade on Economic Growth: Empirical Analysis on N11 Countries

Author

Listed:
  • Agha Amad Nabi

    (Dow University of Health and Sciences)

  • Fayaz Hussain Tunio

    (Dow University of Health and Sciences)

  • Muhammad Azhar

    (Iqra University)

  • Muhammad Shuja Syed

    (Central for China Fiscal Development and School of Finance, Central University of Finance and Economics)

  • Zia Ullah

    (Central for China Fiscal Development and School of Finance, Central University of Finance and Economics)

Abstract

In the modern era of globalization, information and communication technology (ICT) are the main sectors that stimulate economic development. It enables technical developments in global communication, manufacturing techniques, and contributes in the economic growth. Many economic activities, including international trade and foreign direct investment (FDI), primarily depend on various modern ICT approaches. This study aims to analyze the dynamic relationship between FDI, ICT, international trade, and economic growth in the context of N11 countries from 2000 to 2018. The study expanded an innovative ICT index containing fixed telephone lines, handheld wireless access, and internet penetration as relevant media for dispersion. We use the pooled mean group estimator on a dynamic panel (ARDL) model for conducting a robust analysis of the subject matter. We find that ICT expansion has a significant negative effect on economic growth in the long run in N11 countries. In addition, the results suggest that financial development slows down economic growth in the short and long run. Foreign direct investment and trade indicate a positive and significant relationship with economic growth in the long run.

Suggested Citation

  • Agha Amad Nabi & Fayaz Hussain Tunio & Muhammad Azhar & Muhammad Shuja Syed & Zia Ullah, 2023. "Impact of Information and Communication Technology, Financial Development, and Trade on Economic Growth: Empirical Analysis on N11 Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(3), pages 3203-3220, September.
    • Handle: RePEc:spr:jknowl:v:14:y:2023:i:3:d:10.1007_s13132-022-00890-6
    DOI: 10.1007/s13132-022-00890-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s13132-022-00890-6
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s13132-022-00890-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:14:y:2023:i:3:d:10.1007_s13132-022-00890-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.