Human development and planning is one of the most prominent activities in any country. There are several factors that can be effective in achieving this. One of the key elements in this way is ICT. In recent decades, this technology has evolved widely across all social and economic spheres and has had a profound impact on organizations, human resources and the economics of micro and macro societies. Considering the impact of using information and communication technology can be a good way to increase the level of productivity and development of each country. The purpose of this paper is to investigate the impact of information and communication technology on human development index. Therefore, the investigated model has been using panel data for 15 selected developing countries over the period of 2012 to 2017. The estimation results show that ICT has a positive and significant effect on human development index. While foreign direct investment and value added have a positive impact and inflation has a negative impact on the human development index.
R&D is one of the important factors affecting economic growth. Increased use of R&D will increase competition in manufacturing sectors, which will have a positive impact on the economy, improving product quality and diversity and improving productivity, which will increase production itself. The purpose of this study is to investigate the effects of R&D spending on economic growth using the GMM method for the 15 selected OECD countries from 2012 to 2018. The estimation results show that R&D has had a positive and significant effect on economic growth in the countries studied. Also, GDP of the last year, exchange rate and tax have had a positive impact on economic growth.
The study examined the effect of foreign exchange crisis on the performance of manufacturing sector in Nigeria over the period of 35 years ranging from 1985 to 2019. The study proxy foreign exchange crisis by exchange rate of U.S to Nigeria, trade openness and foreign direct investment while performance of manufacturing sector was measured by manufacturing sector gross domestic product. Time series were used and sourced from central bank of Nigeria statistical bulletin for 2019. Ordinary least square (OLS) technique of regression was used to analyze the data. The R-square, T-statistics and F-statistics were used to determine the extents to which the explanatory variables affect the explained variable. The hypotheses formulated were tested at 5% level of significance using t-test. The results reveal that foreign exchange rate has a negative and significant effect on manufacturing sector GDP in Nigeria. Trade openness has a positive and significant effect on manufacturing sector performance while foreign direct investment has a positive and significant effect on manufacturing sector GDP in Nigeria. The study concluded that foreign exchange crisis plays a significant negative role in the performance of manufacturing sector in Nigeria. The study recommended that there should be pursuance of sustainable and stable exchange rate policy and to put in place, measures that will promote greater exchange rate stability.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.