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Does Investment in Information and Communication Technology Lead to Higher Economic Growth: Evidence from Bangladesh

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  • Junnatun Naym
  • Md. Akram Hossain

Abstract

This paper investigates whether investment on ICT leads to higher economic growth considering Bangladesh case for the period 1997-2013 using linear regression analysis. Though statistically not significant, positive association between ICT investment and economic growth has been found. This lack of significance of result can be attributed to smaller share of ICT investment in GDP and shorter time span available for the country than required for conducting rigorous statistical analysis. Besides presenting a comprehensive picture of the current status of ICT indicators in Bangladesh, the study has also tested the comparative position of SAARC countries in terms of major ICT indicators. Findings reveal that Bangladesh is lagging behind in most of these indicators.Complementary infrastructure development, training on ICT, collaboration with international specialists, export promotions of ICT products and services etc. are some recommendations made here to uphold the effectiveness of ICT investment for Bangladesh.

Suggested Citation

  • Junnatun Naym & Md. Akram Hossain, 2016. "Does Investment in Information and Communication Technology Lead to Higher Economic Growth: Evidence from Bangladesh," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(6), pages 302-302, May.
    • Handle: RePEc:ibn:ijbmjn:v:11:y:2016:i:6:p:302
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    References listed on IDEAS

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    4. Mina Baliamoune-Lutz, 2002. "The New Economy and Developing Countries: Assessing the Role of ICT Diffusion," WIDER Working Paper Series DP2002-77, World Institute for Development Economic Research (UNU-WIDER).
    5. Pohjola, Matti (ed.), 2001. "Information Technology, Productivity, and Economic Growth: International Evidence and Implications for Economic Development," OUP Catalogue, Oxford University Press, number 9780199243983.
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    1. Mohammed N. Abu Alfoul & Ibrahim N. Khatatbeh & Ayman Hassan Bazhair, 2024. "The Effect of ICT Usage on Economic Growth in the MENA Region: Does the Level of Education Matter?," Economies, MDPI, vol. 12(10), pages 1-18, October.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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