ICT and economic growth: Evidence from lower-middle income countries of South Asia

Kirti Sanwal and Saba Ismail
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Kirti Sanwal: Jamia Millia Islamia, New Delhi, India
Saba Ismail: Jamia Millia Islamia, New Delhi, India

Theoretical and Applied Economics, 2024, vol. XXXI, issue 2(639), Summer, 289-302

Abstract: The present study examines the impact of information and communication technology (ICT) on the economic growth of the lower-middle income countries of South Asia. For empirical analysis, panel data approach comprising OLS, fixed effects, and random effects has been applied over the period 2000-2022. The results indicate that internet and mobile penetration induce economic growth in the lower-middle income countries of South Asia, while the estimated output elasticity for internet is highest amongst the three ICT indicators undertaken in the study. Thus, internet can be used as a growth propellant in the region to skip through the developmental stages.

Keywords: ICT; economic growth; South Asia; panel data analysis; growth accounting. (search for similar items in EconPapers)
Date: 2024
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