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ICT and economic growth in Sub-Saharan Africa: Transmission channels and effects

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  • Awad, Atif
  • Albaity, Mohamed

Abstract

Despite significant progress in the empirical analysis of the impact of information and communication technology (ICT) on economic growth, previous studies have not empirically examined the mechanisms by which ICT hinders or expands economic growth. The specific aim of the present study was to identify the transmission channels through which ICT contributes to economic growth. The examined channels included; openness, FDI inflows, education, domestic investment, political institution, and inflation. The study employed the panel-corrected standard errors (PCSE) and system two step system GMM techniques on a sample of 44 countries in Sub-Saharan Africa (SSA) over the period 2004–2020. Using an ICT composite index, the causal mediation analysis identified that ICT contributed directly to growth, as proposed by the growth theories. Furthermore, the same analysis identified; domestic investment, openness, and education as crucial variables through which ICT penetration indirectly promoted per capita growth in the SSA region. The robustness of this result was verified using a variety of tools. The present findings suggested that the current efforts to expand ICTs in Sub-Saharan Africa should be continued since this sector has a considerable indirect impact on promoting economic growth.

Suggested Citation

  • Awad, Atif & Albaity, Mohamed, 2022. "ICT and economic growth in Sub-Saharan Africa: Transmission channels and effects," Telecommunications Policy, Elsevier, vol. 46(8).
    • Handle: RePEc:eee:telpol:v:46:y:2022:i:8:s0308596122000830
    DOI: 10.1016/j.telpol.2022.102381
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    2. Cheikh T. Ndour & Simplice A. Asongu, 2024. "Information Technology, Gender Economic Inclusion and Environment Sustainability in Sub-Sahara Africa," Working Papers of the African Governance and Development Institute. 24/001, African Governance and Development Institute..
    3. Danish, & Khan, Salahuddin & Haneklaus, Nils, 2023. "Sustainable economic development across globe: The dynamics between technology, digital trade and economic performance," Technology in Society, Elsevier, vol. 72(C).
    4. Yugang He, 2024. "China’s digital shadows: unveiling the economic toll of cybercrime," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    5. Mercy T. Musakwa & Odhiambo Nicholas. M, 2024. "ICT, Income Inequality and Economic Growth Nexus in South Africa," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 5-15.
    6. Yilmaz Bayar & Özlem Yorulmaz & Oğuzhan Yelkesen & Valentin Toader, 2024. "The interaction between ICT penetration and sustainable development: empirical evidence from African countries," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    7. Nicholas Bamegne Nambie & Philomena Dadzie & Dorcas Oye Haywood-Dadzie, 2023. "Measuring the Effect of Income Inequality, Financial Inclusion, Investment, and Unemployment, on Economic Growth in Africa: A Moderating Role of Digital Financial Technology," International Journal of Economics and Financial Issues, Econjournals, vol. 13(4), pages 111-124, July.
    8. Di Wang & Jianing Sun & Renhao Yang & Kangchuan Su & Qingyuan Yang, 2024. "ICTs and economic performance nexus: meta-analysis evidence from country-specific data," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    9. Albaity, Mohamed & Shah, Syed Faisal & Al-Tamimi, Hussein A.Hassan & Rahman, Mahfuzur & Thangavelu, Shanmugam, 2023. "Country risk and bank returns: Evidence from MENA countries," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    10. Hoda Mansour, 2022. "The impact of ICT capital growth on economic growth: the case of Egypt," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 40(2), pages 375-394.
    11. Ho, Chun-Yu & Narins, Thomas P. & Sung, Won, 2023. "Developing information and communication technology with the belt and road initiative and the digital silk road," Telecommunications Policy, Elsevier, vol. 47(10).
    12. Mwananziche, Josephat & Myovella, Godwin & Karacuka, Mehmet & Haucap, Justus & Moshi, Goodiel, 2023. "Is digitalization a booster for economic growth in Africa? Short run and long run evidence from Tanzania," Telecommunications Policy, Elsevier, vol. 47(10).

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