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Theoretical and Applied Economics
No. 2 / 2024 (639), Summer

ICT and economic growth: Evidence from lower-middle income countries of South Asia

Jamia Millia Islamia, New Delhi, India
Jamia Millia Islamia, New Delhi, India

Abstract. The present study examines the impact of information and communication technology (ICT) on the economic growth of the lower-middle income countries of South Asia. For empirical analysis, panel data approach comprising OLS, fixed effects, and random effects has been applied over the period 2000-2022. The results indicate that internet and mobile penetration induce economic growth in the lower-middle income countries of South Asia, while the estimated output elasticity for internet is highest amongst the three ICT indicators undertaken in the study. Thus, internet can be used as a growth propellant in the region to skip through the developmental stages.

Keywords: ICT, economic growth, South Asia, panel data analysis, growth accounting.

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016


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