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Evaluating the effect of ICT on trade and economic growth from the perspective of Eastern African belt and road countries

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Listed:
  • Koffi Dumor
  • Zhao Shurong
  • Hafez Komla Dumor
  • Enock Mintah Ampaw
  • Edem Koffi Amouzou
  • Samuel Okae-Adjei
  • Eric Kofi Boadi

Abstract

This study employs the new panel data structural gravity approach to investigate the overarching effect of ICT on bilateral trade flows and economic growth, by using a panel of 65 Belt and Road initiative (BRI) countries. This comprises of twenty-seven (27) sub-Saharan African countries from the period 2000 to 2019. The empirical results indicate that greater access to ICT deepens bilateral export and growth among participating countries. Essentially, the results demonstrate a positive correlation between ICT growth and economic development in the BRI countries. Overall, the findings reveal that ICT and infrastructural growth have provided the East African Community (EAC) a lot of opportunities to boost intra-regional trade. However, the BRI countries need to invest more heavily in ICT infrastructure to foster a continuous and sustainable economic development paradigm within the enclave.

Suggested Citation

  • Koffi Dumor & Zhao Shurong & Hafez Komla Dumor & Enock Mintah Ampaw & Edem Koffi Amouzou & Samuel Okae-Adjei & Eric Kofi Boadi, 2024. "Evaluating the effect of ICT on trade and economic growth from the perspective of Eastern African belt and road countries," Information Technology for Development, Taylor & Francis Journals, vol. 30(3), pages 452-471, July.
    • Handle: RePEc:taf:titdxx:v:30:y:2024:i:3:p:452-471
    DOI: 10.1080/02681102.2023.2237461
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