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The Effect of Education, R&D and ICT on Economic Growth in High Income Countries

Author

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  • Kais Saidi

    (Faculty of Economics and Management, University of Sfax,Tunisia)

  • Chebli Mongi

    (Faculty of Economics and Management of Tunis)

Abstract

This document examines the causal relationship between information and communications technology (ICT), education, research & development (R&D) and economic growth in high income countries using panel data set from 1990 to 2015. We employ panel data set using various tests such as panel unit root test, panel cointegration in order to detect the relationship between the dependent variable (GDP) and independent variables (ED, RD, MCS and IU). The empirical results of the vector error correction model (VECM) show that there exists a unidirectional relation causality from education and mobile cellular telephone to economic growth, from internet users and mobile cellular telephone to research and development and from education to research and development, while bidirectional causality between internet users and economic growth, between research and development and economic growth, between education, internet users and mobile cellular telephone in the short-run. In addition, the results also show that there is a bidirectional relationship between education, internet users and mobile cellular telephone, while there is a unidirectional relationship from internet users to economic growth and research and development and from mobile cellular telephone to economic growth and research and development in the long-run.

Suggested Citation

  • Kais Saidi & Chebli Mongi, 2018. "The Effect of Education, R&D and ICT on Economic Growth in High Income Countries," Economics Bulletin, AccessEcon, vol. 38(2), pages 810-825.
    • Handle: RePEc:ebl:ecbull:eb-17-00510
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    2. Bakari, Sayef, 2019. "Innovation and Economic Growth: Does Internet Matter?," MPRA Paper 94851, University Library of Munich, Germany.
    3. Mounir Dahmani & Mohamed Mabrouki & Adel Ben Youssef, 2022. "The Information and Communication Technologies-Economic Growth Nexus in Tunisia - A Cross-Section Dynamic Panel Approach," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 18(2), pages 161-174.
    4. Nair, Mahendhiran & Pradhan, Rudra P. & Arvin, Mak B., 2020. "Endogenous dynamics between R&D, ICT and economic growth: Empirical evidence from the OECD countries," Technology in Society, Elsevier, vol. 62(C).
    5. Donou-Adonsou, Ficawoyi, 2019. "Technology, education, and economic growth in Sub-Saharan Africa," Telecommunications Policy, Elsevier, vol. 43(4), pages 353-360.
    6. Bakari, Sayef, 2022. "The Impact of Digitalization and Patent on Economic Growth in Romania," MPRA Paper 113951, University Library of Munich, Germany.
    7. Mugabe Roger & Liu Shulin & Brima Sesay, 2022. "ICT Development, Innovation Diffusion and Sustainable Growth in Sub-Saharan Africa," SAGE Open, , vol. 12(4), pages 21582440221, October.
    8. Herrera, Gabriel Paes & Constantino, Michel & Su, Jen-Je & Naranpanawa, Athula, 2023. "The use of ICTs and income distribution in Brazil: A machine learning explanation using SHAP values," Telecommunications Policy, Elsevier, vol. 47(8).
    9. Habibi, Fateh & Zabardast, Mohamad Amjad, 2020. "Digitalization, education and economic growth: A comparative analysis of Middle East and OECD countries," Technology in Society, Elsevier, vol. 63(C).
    10. Manuel Carlos Nogueira & Mara Madaleno, 2021. "New evidence of competitiveness based on the global competitiveness index," Economics Bulletin, AccessEcon, vol. 41(2), pages 788-797.

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    More about this item

    Keywords

    Economic growth; Education; Research and Development; ICT; Vector Error Correction Model;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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