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

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

No 903, STPS Working Papers from STPS - Science and Technology Policy Studies Center, Middle East Technical University

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 of the relationship 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 (search for similar items in EconPapers)
Date: 2009-11, Revised 2009-11
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http://www.stps.metu.edu.tr/sites/stps.metu.edu.tr/files/0903_0.pdf First version, 2009 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:met:stpswp:0903

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