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Nexus between information technology and economic growth: new insights from India

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  • Asif Raihan

    (Institute of Climate Change, Universiti Kebangsaan Malaysia, Bangi 43600, Selangor, Malaysia)

Abstract

The objective of this research is to investigate, using time series data ranging from 1992 to 2021, the effects of information and communication technologies (ICTs) and foreign direct investment (FDI) on economic growth (GDP) in India. The stationarity of the data was examined by employing unit root tests, and an autoregressive distributed lag (ARDL) technique was used to investigate the link between the factors, taking both the long- and the short-run into consideration. According to the findings, an increase of one percent in both ICT and FDI will result in an increase of 0.56% and 0.71% in GDP over the long term, in addition to an increase of 0.11% and 0.29% over the short term. The findings of the investigation are of particular significance to policymakers because they can be utilized to establish sensible policymaking for long-term economic success, in addition to advancing the ICT sector and boosting FDI.

Suggested Citation

  • Asif Raihan, 2023. "Nexus between information technology and economic growth: new insights from India," Journal of Information Economics, Anser Press, vol. 1(2), pages 37-48, July.
    • Handle: RePEc:bba:j00008:v:1:y:2023:i:2:p:37-48:d:107
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    References listed on IDEAS

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    1. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
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    Cited by:

    1. Muhammad Atif & Afaq Ali Khan & Sibghatullah & Saeed Ahmed & Muhammad Yaqoob, 2024. "Socio-Economic Inclusion and Sustainable Economic Growth: An Evidence from Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 70-77.

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