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https://ptsldigital.ukm.my/jspui/handle/123456789/485831Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.advisor | Rahmah Ismail, Professor Dr. | |
| dc.contributor.author | Maryam Farhadi Kooshki (P51483) | |
| dc.date.accessioned | 2023-10-10T09:06:23Z | - |
| dc.date.available | 2023-10-10T09:06:23Z | - |
| dc.date.issued | 2013-07-18 | |
| dc.identifier.other | ukmvital:74706 | |
| dc.identifier.uri | https://ptsldigital.ukm.my/jspui/handle/123456789/485831 | - |
| dc.description | In the current literature on economic growth and productivity, many studies have explored the relationship between information and communications technology (ICT) and growth. In these studies, ICT is considered as a capital stock and treated like other inputs in the production process that contributes to output growth. In fact, ICT is mostly found to be a key driver of economic growth and productivity growth in developed and even developing economies. However, the most important difference of the present study with the last evidences on this area is originated from our points of view to the concept of ICT and the way ICT effect on economy. In other words, the economic effect of ICT development as a system is considered in this thesis rather than the role of ICT as a production input. Therefore, the current study attempts to fill the gap in the literature by investigating the role of ICT development in cross-country economy over the period 1995 to 2009. For this purpose, we follow three distinct objectives. The first is to calculate a comprehensive index showing the level of ICT development of 151 countries over the period 1995-2009. The second is to empirically test the effect of ICT development on economic growth of 78 countries based on the neoclassical growth model pioneered by Solow (1956). The third objective is to explore the effect of ICT development on total factor productivity (TFP) growth of 78 countries while the non-parametric data envelopment analysis (DEA) technique is used to estimate TFP growth. Since we hypothesise different effects of ICT development on economic growth and productivity growth, the sample of 78 countries is divided to income and regional sub-samples to explore the differences among these sub-samples with regard to the effect of ICT development. Considering the dynamic nature of economic growth and productivity as well as econometrics issues related to the endogeneity of some explanatory variables in the model, this study applies the generalized method of moments (GMM) estimator, which has designated for dynamic panels with short time dimension and a relatively large cross section. The results in this study are divided into two distinct phases. The first phase is devoted to the relationship between ICT development and economic growth and the second phase is related to the impact of ICT development on TFP growth. Estimated results in the first phase indicate a positive and significant relationship between ICT development and economic growth for the whole sample of 78 countries. After classifying countries based on their income levels this study finds a positive and significant impact of ICT development on GDP growth of the high and upper middle income countries but this relationship is not significant for the sample of lower middle and low income countries. Moreover, economic growth of countries in all geographical regions is found to be affected positively by ICT development except African countries in our sample. Although the coefficients are only significant for Europe, the Americas, the Arab States and Commonwealth of Independent States (CIS). In the second phase, the signs of the estimated coefficients are as expected so that ICT development affects TFP growth of the whole sample in a positive and significant way. It means that the higher the level of ICT development, the higher the TFP growth of the country. The results also indicate that the effect of ICT development on TFP growth is the highest in the group of lower middle and low income countries. The regional investigations clarify that the impact of ICT development on TFP growth of all regions except Africa is positive while the corresponding coefficients are only significant in Europe, the Americas and CIS.,Ph.D | |
| dc.language.iso | eng | |
| dc.publisher | UKM, Bangi | |
| dc.relation | Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan | |
| dc.rights | UKM | |
| dc.subject | Information and communication technology | |
| dc.subject | Economic | |
| dc.subject | Information technology -- Economic aspects | |
| dc.title | The impact of information and communication technology development on economic growth and total factor productivity growth | |
| dc.type | Theses | |
| dc.format.pages | 249 | |
| dc.identifier.callno | HD76.K645 2013 | |
| dc.identifier.barcode | 000715 | |
| Appears in Collections: | Faculty of Economy and Management / Fakulti Ekonomi dan Pengurusan | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ukmvital_74706+Source01+Source010.PDF Restricted Access | 6.14 MB | Adobe PDF |  View/Open |
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