Does Information and Communication Technologies Sustain Economic Growth? The Underdeveloped and Developing Countries Case

Burcu Türkcan, Erkan Erdil () and Ibrahim Yetkiner ()

No 901, Working Papers from Izmir University of Economics

Abstract: This paper tests the impact of ICT on economic growth for underdeveloped and developing countries by using a panel dataset for the period of 1995-2006. We first develop the theory between ICT and economic growth. We show that ICT capital has a positive effect both on long-run and transitional income per capita, if it is considered as a factor of production. Next, we estimate a panel data set with 131 underdeveloped and developing countries under the assumption that ICT is one of the determining factors of economic growth. We find that ICT has positive and significant effect on economic growth even after the use of some control variables.

Keywords: ICT; economic growth; Panel Data; GMM; human capital; developing countries; underdeveloped countries (search for similar items in EconPapers)
JEL-codes: C33 O33 O5 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2009-01
New Economics Papers: this item is included in nep-fdg, nep-hrm, nep-ict and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:izm:wpaper:0901

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