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Does information technology contribute to economic growth in developing countries? a cross-country analysis

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  • Seung-Hoon Yoo

Abstract

This paper explores the impacts of information technology (IT) investment on economic growth using a cross-country analysis based on data from 56 developing countries for the years 1970-1998. The results show that IT investment significantly contributes to economic growth in the developing world.

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  • Seung-Hoon Yoo, 2003. "Does information technology contribute to economic growth in developing countries? a cross-country analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 10(11), pages 679-682.
  • Handle: RePEc:taf:apeclt:v:10:y:2003:i:11:p:679-682
    DOI: 10.1080/1350485032000138971
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    References listed on IDEAS

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    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 407-437.
    2. Walter Nonneman & Patrick Vanhoudt, 1996. "A Further Augmentation of the Solow Model and the Empirics of Economic Growth for OECD Countries," The Quarterly Journal of Economics, Oxford University Press, vol. 111(3), pages 943-953.
    3. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    4. NONNEMAN, Walter & VANHOUDT, Patrick, 1995. "A further augmentation of the Solow model and the empirics of economic growth for OECD countries," SESO Working Papers 1995005, University of Antwerp, Faculty of Business and Economics.
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    Cited by:

    1. Shahbaz, Muhammad & Sbia, Rashid & HAMDI, Helmi & Ur Rehman, Ijaz, 2014. "The Role of Information Communication Technology and Economic Growth in Recent Electricity Demand: Fresh Evidence from Combine Cointegration Approach in UAE," MPRA Paper 53226, University Library of Munich, Germany, revised 25 Jan 2014.
    2. Burak Karagöl & Erkan Erdil, 2012. "Macroeconomic Effects of Information and Communication Technologies in Turkey and Other OECD Member Countries," STPS Working Papers 1205, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised May 2012.
    3. Elena Ketteni & Theofanis Mamuneas & Panos Pashardes, 2013. "ICT and Energy Use: Patterns of Substitutability and Complementarity in Production," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 7(1), pages 63-86, June.
    4. Cem Işık, 2013. "The Importance of Creating a Competitive Advantage and Investing in Information Technology for Modern Economies: an ARDL Test Approach from Turkey," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(4), pages 387-405, December.

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