The effect of ICT development on innovation: evidence from G-20 countries

Rudra P. Pradhan (), Ajoy K. Sarangi () and Ashim Sabat ()
Additional contact information
Rudra P. Pradhan: National Informatics Centre
Ajoy K. Sarangi: National Informatics Centre
Ashim Sabat: Steel Authority of India Limited (SAIL)

Eurasian Economic Review, 2022, vol. 12, issue 2, No 7, 371 pages

Abstract: Abstract We study the interactions between information and communication technology (ICT) development and innovation in G-20 countries over 1961–2019. We establish whether there is temporal causality between these two variables. Employing the vector error correction modelling (VECM) framework, our findings render a grid of short-run and long-run causal relationships between ICT development and innovation, including long-run unidirectional causality from innovation to ICT development.

Keywords: ICT development; Innovation; G-20 countries (search for similar items in EconPapers)
JEL-codes: O31 O32 O38 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40822-021-00189-y

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