IDEAS home Printed from https://ideas.repec.org/a/rnd/arjebs/v15y2023i2p20-32.html
   My bibliography  Save this article

ICT Innovation, FDI and Economic Growth: Evidence from BRICS

Author

Listed:
  • Yinka S Hammed
  • Solomon T Ademosu

Abstract

We make a comprehensive investigation of ICT innovation, FDI and economic growth nexus for BRICS countries for the periods between 1990 and 2021 using autoregressive distributed lag (ARDL) techniques. We use input-based ICT and non-ICT resources to capture ICT innovations, foreign direct inflows, gross domestic product and quantity of labor for this economic bloc. From our estimation, the following summary can be made. ICT is found to be consistently and significantly contributing to the economic growth rate of BRICS countries. However, with the negative impact of FDI on the growth rate, its interaction with ICT input resources was found to help mitigate the negative impact of FDI on economic growth which by implication suggests that adequate ICT infrastructure complemented with foreign-oriented investment can play a formidable role in increasing the growth process of the economies of BRICS. Also, non-ICT input resources and quantity of labor growth rate were found to be necessary variables worthy of giving appropriate consideration in explaining the growth rate of the economies. The study thus suggests the higher provision of both ICT and non-ICT input resources in the BRICS and a policy to attract able hands from developing countries to turn various resources for economic progress.

Suggested Citation

  • Yinka S Hammed & Solomon T Ademosu, 2023. "ICT Innovation, FDI and Economic Growth: Evidence from BRICS," Journal of Economics and Behavioral Studies, AMH International, vol. 15(2), pages 20-32.
    • Handle: RePEc:rnd:arjebs:v:15:y:2023:i:2:p:20-32
    DOI: 10.22610/jebs.v15i2(J).3508
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3508/2247
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/jebs/article/view/3508
    Download Restriction: no
    File URL: https://libkey.io/10.22610/jebs.v15i2(J).3508?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
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:rnd:arjebs:v:15:y:2023:i:2:p:20-32. 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: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/jebs .

    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.