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Relationship between Information and Communication Technologies and Sustainable Development: Fresh Evidence from Group of Seven (G-7) Countries

Author

Listed:
  • Sobia Hanif

    (Ph.D. Scholar, Department of Economics, The Islamia University of Bahawalpur, Pakistan)

  • Abou Bakar

    (Professor, Institute of Business Management and Administrative Sciences, The Islamia University of Bahawalpur, Pakistan)

  • Muhammad Atif Nawaz

    (Associate Professor, Department of Economics, The Islamia University of Bahawalpur, Pakistan)

Abstract

There is ongoing discussion about the use of information and communication technologies (ICT) to promote sustainable development. While one side fiercely advocates using ICT technologies to drive and carry out sustainable development, others passionately struggle to highlight their many drawbacks. The present study adds to ongoing discussion by estimating the effect of ICT on sustainable development in G-7 economies over 1995-2020 period, which is an unreached area in the literature. The study also holds its novelty by considering Adjusted Net Savings (ANS) for measurement of sustainable development. As cross sectional dependence (CSD) and slope heterogeneity are present in data, second-generation panel estimation technique Cross sectional Augmented Distributed Lag Model (CS-ARDL) is used for the long run and the short run estimation. The findings assert that ICT technologies have positive effect on sustainable development in G-7 countries. In addition, the study also finds the positive contribution of renewable energy and negative contribution on non-renewable energy in sustainable development of the selected countries. The study recommends the governments to adopt effective policies to implement and improve infrastructure quality in terms of digital technologies to achieve sustainable development in selected economies.

Suggested Citation

  • Sobia Hanif & Abou Bakar & Muhammad Atif Nawaz, 2022. "Relationship between Information and Communication Technologies and Sustainable Development: Fresh Evidence from Group of Seven (G-7) Countries," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(3), pages 517-526, September.
    • Handle: RePEc:ani:irdjoe:v:4:y:2022:i:3:p:517-526
    DOI: 10.52131/joe.2022.0403.0096
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    Cited by:

    1. Lv, Zhaojiang & Chen, Lan & Ali, Syed Ahtsham & Muda, Iskandar & Alromaihi, Abdullah & Boltayev, Jurabek Yusufovich, 2024. "Financial technologies, green technologies and natural resource nexus with sustainable development goals: Evidence from resource abundant economies using MMQR estimation," Resources Policy, Elsevier, vol. 89(C).
    2. Pu, Ganlin & Wong, Wing-Keung & Du, Qiang & Al Shraah, Ata & Alromaihi, Abdullah & Muda, Iskandar, 2024. "Asymmetric impact of natural resources, fintech, and digital banking on climate change and environmental sustainability in BRICS countries," Resources Policy, Elsevier, vol. 91(C).
    3. Leng, Chunyu & Wei, Siao-Yun & Al-Abyadh, Mohammed Hasan Ali & Halteh, Khaled & Bauetdinov, Majit & Le, Luan Thanh & Alzoubi, Haitham M., 2024. "An empirical assessment of the effect of natural resources and financial technologies on sustainable development in resource abundant developing countries: Evidence using MMQR estimation," Resources Policy, Elsevier, vol. 89(C).

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