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Spread of ICT and economic growth in Pacific island countries: a panel study

Makun, Keshmeer and Jayaraman, T.K. (2020) Spread of ICT and economic growth in Pacific island countries: a panel study. Bulletin of Monetary Economics and Banking, 23 . pp. 109-128. ISSN 1410-8046

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Abstract

This paper investigates the impact of information and communications technology (ICT) on economic growth in Pacific Island countries by employing an augmented production function model and panel data analysis from 2002 to 2017. The empirical findings reveal that ICT-related indicators have a positive and significant impact on the economic growth process, along with the fundamental variable of capital stock. The effect of control variables such as foreign direct investment and exports have a positive effect on the real gross domestic product per capita, whereas inflation has a negative effect. The sensitivity evaluation of ICT indicators with different control variables produces consistent evidence of ICT’s effect on economic growth. Policymakers as well as ICT stakeholders should enhance investments for improving ICT-related infrastructure and promoting technology to boost economic growth in Pacific Island countries.

Item Type: Journal Article
Subjects: H Social Sciences > HD Industries. Land use. Labor
T Technology > T Technology (General)
Divisions: Faculty of Business and Economics (FBE) > School of Economics
Depositing User: Keshmeer Makun
Date Deposited: 03 Jun 2020 15:25
Last Modified: 03 Jun 2020 15:25
URI: http://repository.usp.ac.fj/id/eprint/12166
UNSPECIFIED

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