The Impact of Information and Communication Technology (ICT) on Economic Growth in the OIC Countries

• Authors: AGHAEI Majid , REZAGHOLIZADEH Mahdieh

Title variants

PL

Wpływ Technologii Informatyczno-Komunikacyjnych (TIK) na wzrost gospodarczy w krajach OIC

• Languages of publication: EN

Abstracts

EN

New growth theories hypothesize economic growth processes as heavily dependent on investment in Information and Communication Technology (ICT). However, the full empirical verification of this hypothesis still is an open task, particularly when growth is considered within selected countries such as the OIC countries. Furthermore, the conclusions derived from research concerning the causal relationship between ICT and economic growth is often sensitive to the research methodology employed. This paper employs dynamics and static panel data approach within a framework of growth model and apply them to the economy of OIC countries over the time period of 1990-2014. The estimates reveal a significant impact of investments in ICT on economic growth in the countries considered. The policy implication of this paper is that the OIC countries should design specific policies for promoting investment in ICT.

PL

Nowe teorie wzrostu zakładają, że procesy wzrostu są w dużym stopniu zależne od inwestycji w Technologie Informatyczno-Komunikacyjne (TIK). Jednak pełna weryfikacja empiryczna tego założenia nadal pozostaje otwartym zadaniem, zwłaszcza jeśli wzrost jest rozważany w grupie wybranych krajów, jak kraje OIC (ang.: Organization of Islamic Conference, pl.: Organizacja Konferencji Islamskiej). Co więcej, wnioski wynikające z badań dotyczących zwykłych zależności pomiędzy TIK a wzrostem gospodarczym są często wrażliwe na zastosowaną metodologię badawczą. Niniejszy artykuł stosuje podejście oparte na dynamicznych i statycznych danych panelowych w ramach modelu wzrostu i odnosi je do gospodarek krajów OIC w latach 1990-2014. Szacunki wykazują, że istnieje znaczący wpływ inwestycji w TIK na wzrost gospodarczy w analizowanych krajach. Implikacje polityczne wynikające z wniosków zakładają, że kraje OIC powinny projektować specjalne programy polityczne ukierunkowane na promocję inwestycji w TIK.

Keywords

EN

ICT; OIC Countries; Panel Data; Economic Growth

PL

TIK; kraje OIC; dane panelowe; wzrost gospodarczy

• Publisher: Uniwersytet Opolski, Wydział Ekonomiczny
• Journal: Economic and Environmental Studies
• Year: 2017
• Volume: 17
• Issue: 42
• Pages: 255-276

Dates

online

2017-07-15

Contributors

author

AGHAEI Majid

• University of Mazandaran, Iran

author

REZAGHOLIZADEH Mahdieh

• University of Mazandaran, Iran

redactor

Paradowska Monika

redactor

Platje Joost (Johannes)

redactor

Cibulskiene Diana

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Identifiers

DOI

https://doi.org/10.25167/ees.2017.42.7