Accounting for telecommunications contribution to economic growth: A study of Small Pacific Island States

ICT diffusion and the finance–growth nexus: a panel analysis on ECOWAS countries

“…Further, Salahuddin and Gow [65] found long-run relationships among Internet usage, financial development and trade openness on economic growth and that Internet usage and financial development have significant positive effects on economic growth in the long run. Kumar et al [35,36] confirm long-run relationship between ICT and economic growth, and Hofman et al [28] show that investment in ICT improves economic growth. Latif et al [37] discovered that ICT, FDI and international trade contribute positively to economic growth.…”

“…Vu [72] revealed that penetration of personal computers, mobile phones and Internet users had a significant causal effect on growth. Andrianaivo and Kpodar [11], Yazdan and Sadr [74] and Kumar et al [35,36] likewise show that the growth impact of ICT is positive and significant. Pradhan et al [52] find that while the development of telecommunications infrastructure affects economic growth, it is also itself stimulated by growth in the long run.…”

The effects of ICT⁎ on output per worker: A study of the Chinese economy

“…Technological progress is considered a long-run phenomenon and exogenously determined. However, in endogenous growth models (Lucas, 1988;Romer, 1986), the exogenously given technological progress is substituted by external factors such as increasing returns to scale resulting from knowledge spillovers (Grossman & Helpman, 1991;Romer, 1990), innovation (Aghion & Howitt, 1992), public infrastructure (Barro, 1990), among other things (Kumar, Stauvermann, Patel, & Kumar, 2014;Kumar, Kumar, & Patel, 2015;Rao, 2010), and are endogenously caused by efforts of economic agents. Notably, the effect of technology is magnified when the latter includes technology that supports communication, enhances productivity and improves the wellbeing of the society (Cronin, Colleran, Herbet, & Lewitzky, 1993;Datta & Agarwal, 2004;Lam & Shiu, 2010;Shahiduzzaman & Alam, 2014).…”

“…Vu (2013) considers the role of ICT in determining the economic growth of Singapore over the periods 1990-2008, and finds a strong positive association between the intensity of ICT use and value-added and labor productivity growth at the sector level; ICT contributes about 1 percentage point to Singapore's GDP; and a notable contribution of the ICT manufacturing sector to Singapore's growth. Kumar et al (2015) examined the impact of telecommunication on the economic growth of Small Pacific Island States (SPIS) over the period 1979-2012 and find that telecommunication contribute 0.33% in the long-run and a unidirectional causality running from telecommunication to output per worker.…”

Investing in the Telecommunications Sector in Ecuador: An Outlook Before the Upcoming Presidential Elections

“…Such the study by Tarik, Azra and Arnela in 2015 (Tarik, Azra, & Arnela, 2015) gives a good approach to external aspects impacting the financial analysis in a developing country currently experiencing the privatization of telecommunications companies, Bosnia and Herzegovina. The contribution that telecommunications cause in several small Pacific Islands was studied by Ravinesh, Devi and Patel (2015) and it presented positive results linking it to the economic growth of the islands (Ravinesh, Devi, & Patel, 2015). The research by Trypolska (2014), for determining the level of international investment in Ukraine demonstrated that even countries under high risk rates may attract investors due to some other factors like high service tariff and amount of users (Trypolska, 2014).…”