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Influence of the Internet on the Economic Growth of the Belt and Road Region

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  • Yidan Li

Abstract

As a general technology, the Internet promotes economic growth in various forms. We apply a dynamic panel data approach to measure the impact of the Internet on the gross domestic product (GDP) using data from 65 countries in the Belt and Road Region during the period 1996–2014. The results show that the Internet has a positive and statistically significant effect on the economic growth. These effects strengthen along with the development of the Internet. Many factors such as capital, labor force, technology, industrial structure, international trade, and economic level are essential to explain the differences in the influence of the Internet on the economic growth among the Belt and Road countries. With R-type factor analysis, two factor components can summarize above indicators: one represents the level of economic development and the other represents the level of intensification of the economic development mode. According to the different national situations, the BRI countries must adopt various strategies to actively promote the development of their information industry, and jointly develop the “Digital Silk Road.â€

Suggested Citation

  • Yidan Li, 2019. "Influence of the Internet on the Economic Growth of the Belt and Road Region," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 11(3), pages 248-259, September.
    • Handle: RePEc:sae:emeeco:v:11:y:2019:i:3:p:248-259
    DOI: 10.1177/0974910119887054
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    References listed on IDEAS

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    Cited by:

    1. Gai, Zhiqiang & Guo, Yunxia & Hao, Yu, 2022. "Can internet development help break the resource curse? Evidence from China," Resources Policy, Elsevier, vol. 75(C).
    2. Ros, Agustin J., 2023. "Determinants of fixed and mobile broadband demand in Mexico using discrete choice exercises and logit and conditional logit models," Information Economics and Policy, Elsevier, vol. 64(C).
    3. Yu Zhang & Le Su & Warren Jin & Yunan Yang, 2022. "The Impact of Globalization on Renewable Energy Development in the Countries along the Belt and Road Based on the Moderating Effect of the Digital Economy," Sustainability, MDPI, vol. 14(10), pages 1-18, May.

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