Does Investment in Information and Communication Technology Lead to Higher Economic Growth: Evidence from Bangladesh

Junnatun Naym and Md. Akram Hossain

International Journal of Business and Management, 2016, vol. 11, issue 6, 302

Abstract: This paper investigates whether investment on ICT leads to higher economic growth considering Bangladesh case for the period 1997-2013 using linear regression analysis. Though statistically not significant, positive association between ICT investment and economic growth has been found. This lack of significance of result can be attributed to smaller share of ICT investment in GDP and shorter time span available for the country than required for conducting rigorous statistical analysis. Besides presenting a comprehensive picture of the current status of ICT indicators in Bangladesh, the study has also tested the comparative position of SAARC countries in terms of major ICT indicators. Findings reveal that Bangladesh is lagging behind in most of these indicators.Complementary infrastructure development, training on ICT, collaboration with international specialists, export promotions of ICT products and services etc. are some recommendations made here to uphold the effectiveness of ICT investment for Bangladesh.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijbmjn:v:11:y:2016:i:6:p:302

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