Impact of information, communication technology and housing industry on financial market development
Hamid Sepehrdoust,
Shokoufeh Ahmadvand and
Nesa Mirzaei
Technology in Society, 2022, vol. 69, issue C
Abstract:
The economic growth and development of a country are highly dependent on the performance of the capital market and its financial system, and to have a proper financial system, the development of Information and Communication Technology (ICT) to reduce costs of transactions, as well as the proper functioning of the parallel markets such as housing sector economy is essential. The study aims to investigate the impact of the Information, Communication Technology (ICT), the housing market, and other macroeconomic variables including the inflation rate and exchange rate on the performance of the financial market to survive Iran economy, under economic sanctions and political crises during the years 1994–2020. For this purpose, Autoregressive Distributed Lag (ARDL) method is used to estimate the research model and analyze the collected data. The results show that ICT and the inflation rate had positive effects, while the housing market development and the exchange rate had negative effects on the performance of the stock exchange financial market during the years of economic sanctions and political crises.
Keywords: Financial market; ICT; Developing economy; Housing market; ARDL (search for similar items in EconPapers)
JEL-codes: B22 H54 L86 R3 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0160791X22001038
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:eee:teinso:v:69:y:2022:i:c:s0160791x22001038
DOI: 10.1016/j.techsoc.2022.101962
Access Statistics for this article
Technology in Society is currently edited by Charla Griffy-Brown
More articles in Technology in Society from Elsevier
Bibliographic data for series maintained by Catherine Liu ().