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Information and communication technologies and sustainable development in ECOWAS subregion: Evidence from a panel cointegration analysis

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  • Favour Chidinma Onuoha
  • Benedict I. Uzoechina
  • Chukwunenye Ferguson Emekaraonye
  • Onyinye Ifeoma Ochuba
  • Nora Francis Inyang

Abstract

This study investigated the causal linkage between information and communication technologies (ICT) and sustainable development (environmental—CO2, economic—RGDP, and social—HDI) in the ECOWAS subregion categorized into low‐income and lower‐middle‐income countries for the period 1995–2020. Cointegrating regression and causality methods were employed to estimate the dynamic linkage among variables in panel fully modified ordinary least squares (PFMOLS) and Dumitrescu–Hurlin causality models. The results of the study support the environmental Kuznets curve (EKC) hypothesis for low‐income countries while it rejects EKC for lower‐middle‐income countries. The study recommends policy formulations targeted at incentivizing the use of environmentally friendly technologies that minimizes positive impact on the environment and enhance sustainable development.

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  • Favour Chidinma Onuoha & Benedict I. Uzoechina & Chukwunenye Ferguson Emekaraonye & Onyinye Ifeoma Ochuba & Nora Francis Inyang, 2023. "Information and communication technologies and sustainable development in ECOWAS subregion: Evidence from a panel cointegration analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 787-806, March.
    • Handle: RePEc:wly:mgtdec:v:44:y:2023:i:2:p:787-806
    DOI: 10.1002/mde.3712
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