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The Impact of Internet on Economic Growth in Africa

Author

Listed:
  • Rangkakulnuwat , Poomthan

    (School of Economics, University of the Thai Chamber of Commerce)

  • Dunyo, Samuel Kwesi

    (Master of International Business Economics, University of the Thai Chamber of Commerce)

Abstract

The objective of this study is to estimate the effect of internet on economic growth in Africa as this region has recently been a rapidly growing number of internet users as well as high economic growth. Using the constructed panel data set of 19 African countries from 2003 to 2014 and employing the Fixed EffectIterated Generalized Least Square (FE-IGLS) estimation to correct for autocorrelation and heteroskedasticity, the results show no spurious regression problem. It indicated that internet has an impact on economic growth when it is complementary with physical capital and technology. Our main finding suggests that African governments should support their children to enter in education higher than secondary level and encourage labor using internet to boost up their knowledge.

Suggested Citation

  • Rangkakulnuwat , Poomthan & Dunyo, Samuel Kwesi, 2018. "The Impact of Internet on Economic Growth in Africa," Asian Journal of Applied Economics/ Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 25(2), pages 19-33, December.
  • Handle: RePEc:ris:apecjn:0023
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    Cited by:

    1. Zhang, Wei & You, Jianmin & Lin, Weiwen, 2021. "Internet plus and China industrial system's low-carbon development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 151(C).

    More about this item

    Keywords

    Economic Growth; Internet; Africa; Panel Data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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