A Comparative Study on the Impact of Telecommunication Investment on Economic Growth in EU Vis-à-vis Non-EU OECD Countries: A Dynamic Panel Data Analysis

Hakan Oztunc, Erkan Demirbas and Mehmet Orhan
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Hakan Oztunc: University of Toronto
Erkan Demirbas: University of Birmingham [Birmingham]
Mehmet Orhan: The University of the West Indies [Kingston]

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Abstract: This study aims to comparatively investigate the effects of telecommunication infrastructure on the economical growth in OECD countries. For this purpose, OECD countries were divided into two groups i.e. European Union (EU) and non-EU OECD countries for the period of 1993-2013. Findings of dynamic panel data model showed that investment on the telecommunication infrastructure has more positive effect on EU OECD countries than non-EU OECD countries. Since telecom appears as the key sector to fuel growth because it is associated with information technology and all ramifications of computer based applications and mobile communication, all countries at all development levels are proposed to focus on investing in these sectors the opposite of which hinders growth.

Date: 2019-09-07
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Published in Asian Journal of Economics, Business and Accounting, 2019, 12 (3), pp.1-16. ⟨10.9734/ajeba/2019/v12i330152⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05342598

DOI: 10.9734/ajeba/2019/v12i330152

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