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The Importance of Creating a Competitive Advantage and Investing in Information Technology for Modern Economies: an ARDL Test Approach from Turkey

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  • Cem Işık

Abstract

The information age is one of the most talked about and argued topics in recent years. In this study, the importance of creating a competitive advantage in terms of economies in today’s world is examined by using Turkish case. Causing a competitive advantage, “information” leads to differences among economies with its productivity effect. These new knowledge-based economies aim at sustainable growth and high productivity targets. In respect to the will of a knowledge-based economy to dominate the market and to lead this market, the distinguishing factors in the competition start to gain importance. Economies that want to create a competitive advantage are able to pull up their welfare level and realize their targets for being information societies in proportion to the importance they give to these factors. Research results show that information technology positively impacts the economic growth of Turkey in the short run and negatively in the long run. Copyright Springer Science+Business Media, LLC 2013

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  • Cem Işık, 2013. "The Importance of Creating a Competitive Advantage and Investing in Information Technology for Modern Economies: an ARDL Test Approach from Turkey," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 4(4), pages 387-405, December.
    • Handle: RePEc:spr:jknowl:v:4:y:2013:i:4:p:387-405
    DOI: 10.1007/s13132-011-0075-2
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    2. Martha Jiménez García, 2019. "The Impact of Information and Communication Technologies on Economic Growth in Mexico," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 9(2), pages 11-22, February.
    3. Dengke Yu & Jay Yang, 2019. "An Integrated Management Model for Avoiding Customer Information Leakage in China’s Housing Markets," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(2), pages 491-515, June.
    4. Rosa Lombardi & Manlio Giudice & Andrea Caputo & Federica Evangelista & Giuseppe Russo, 2016. "Governance and Assessment Insights in Information Technology: the Val IT Model," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(1), pages 292-308, March.
    5. Shekhar Mishra & Avik Sinha & Arshian Sharif & Norazah Mohd Suki, 2020. "Dynamic linkages between tourism, transportation, growth and carbon emission in the USA: evidence from partial and multiple wavelet coherence," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(21), pages 2733-2755, November.
    6. Cem Işik & Eyüp Doğan & Serdar Ongan, 2017. "Analyzing the Tourism–Energy–Growth Nexus for the Top 10 Most-Visited Countries," Economies, MDPI, vol. 5(4), pages 1-13, October.
    7. Abdul-Razak Bawa Yussif & Stephen Taiwo Onifade & Ahmet Ay & Murat Canitez & Festus Victor Bekun, 2022. "Modeling the volatility of exchange rate and international trade in Ghana: empirical evidence from GARCH and EGARCH," Journal of Economic and Administrative Sciences, Emerald Group Publishing Limited, vol. 40(2), pages 308-324, January.
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    More about this item

    Keywords

    IT investment; R&D investment; Economic growth; Knowledge; ARDL; C22; O3;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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