Does ICT maturity catalyse economic development? Evidence from a panel data estimation approach in OECD countries

Ali, Mohammad Afshar ORCID: https://orcid.org/0000-0002-0831-9046 and Alam, Khorshed ORCID: https://orcid.org/0000-0003-2232-0745 and Taylor, Brad (2020) Does ICT maturity catalyse economic development? Evidence from a panel data estimation approach in OECD countries. Economic Analysis and Policy, 68. pp. 163-174. ISSN 0313-5926

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Abstract

To date, definitions of information and communication technology (ICT) development used in quantitative studies on the relationship between economic development and
ICT are incomplete and often based on single indicators. Thus, this study investigates the link between ICT maturity and economic development in the Organisation of
Economic Cooperation and Development (OECD) countries. A novel composite index of ICT maturity that includes previously neglected dimensions of ICT maturity, such as
affordability and quality of internet connectivity, is utilised. The baseline estimations using the feasible generalised least squares indicate that ICT maturity is associated with an increase in economic development by 1%–3.8% in OECD countries. These findings have been cross-validated by applying the generalised method of moments estimation. Results imply that the holistic development of ICT, including infrastructure, skills, and
affordability, can augment economic development.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Date Deposited: 06 Oct 2020 05:43
Last Modified: 23 Oct 2020 03:59
Uncontrolled Keywords: Economic development; Panel data; ICT maturity; Information and communication technology; OECD
Fields of Research (2008): 14 Economics > 1499 Other Economics > 149999 Economics not elsewhere classified
Socio-Economic Objectives (2008): B Economic Development > 89 Information and Communication Services > 8999 Other Information and Communication Services > 899999 Information and Communication Services not elsewhere classified
Identification Number or DOI: https://doi.org/10.1016/j.eap.2020.09.003
URI: http://eprints.usq.edu.au/id/eprint/39713

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