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Spread of ICT and Economic Growth in Pacific Island Countries: A Panel Study

T K Jayaraman - ; Makun, Keshmeer - ;

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.


Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir (Majalah)1
PenerbitJakarta: Bank Indonesia 2020
Edisi13th BMEB Call for Papers Special Issue, Volume 23
SubjekEconomic growth
ICT
Pacific island countries
ISBN/ISSN2460-9196
KlasifikasiNONE
Deskripsi Fisik152 p.
Info Detail SpesifikBulletin of Monetary Economics and Banking
Other Version/RelatedTidak tersedia versi lain
Lampiran Berkas
  • Spread of ICT and Economic Growth in Pacific Island Countries: A Panel Study

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