“…To increase the policy relevance of the study, forecasted thresholds for technology spillovers are also provided. This focus of the study departs from contemporary technological spillovers and forecasting literature which has largely been concerned with inter alia: challenges in forecasting business prospects (Amankwah-Amoah, 2016; Amankwah-Amoah & Sarpong, 2016; Amankwah-Amoah, Osabutey & Egbetokun, 2018); the impact of technological spillovers for small and medium sized corporations (Del Giudice, Scuotto, Garcia-Perez & Petruzzelli, 2019); the importance of inter-sectoral knowledge spillovers in technology-related innovation (Stephan, Bening, Schmidt, Schwarz, & Hoffmann, 2019); learning technology and diffusion at local and global spheres (Zhang, Bauer, Yin & Xie, 2020); technology spillovers from trade and patent markers (Cai, Sarpong, Tang & Zhao, 2020); the influence of knowledge spillovers in sustainable energy production (Miremadi, Saboohi & Arasti, 2019) and enhancing information technology for inclusive development (Asongu & le Roux, 2017) and environmental sustainability (Asongu, le Roux & Biekpe, 2018). The focus of this study is closest to the last strand of technological forecasting and social change literature because it aims to assess how enhancing information technology affects value added across various economic sectors.…”