Nexus between information technology and economic growth: new insights from India

Asif Raihan
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Asif Raihan: Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia

Journal of Information Economics, 2023, vol. 1, issue 2, 37-48

Abstract: The objective of this research is to investigate, using time series data ranging from 1992 to 2021, the effects of information and communication technologies (ICTs) and foreign direct investment (FDI) on economic growth (GDP) in India. The stationarity of the data was examined by employing unit root tests, and an autoregressive distributed lag (ARDL) technique was used to investigate the link between the factors, taking both the long- and the short-run into consideration. According to the findings, an increase of one percent in both ICT and FDI will result in an increase of 0.56% and 0.71% in GDP over the long term, in addition to an increase of 0.11% and 0.29% over the short term. The findings of the investigation are of particular significance to policymakers because they can be utilized to establish sensible policymaking for long-term economic success, in addition to advancing the ICT sector and boosting FDI.

Keywords: ICT; Economic growth; FDI; Sustainable development; ARDL (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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