Impact of Information and Communication Technology on the Productivity of South Asian Economies
DOI:
https://doi.org/10.51239/nrjss.v0i0.32Keywords:
Productivity, economic growth, ICT-capital,, panel data.Abstract
Information and communication technology (ICT) is considered as an important factor of production, it plays a pivotal role in enhancing the productivity of others factor of production. The main objective of this paper is to find the impact of information and communication technology on the productivity of emerging economies of South Asia. We use GDP per worker as a proxy for productivity and ICT- capital per worker is used to capture the impact of information and communication technologies. We apply OLS and GMM methods of estimation in a panel setting. The results indicate that information and communication technology is one of the main determinants of the variation in output per worker across the four South Asian economies during the last two and half decades (1990-2014). The physical capital which not relates to information technology is also important determinants of productivity growth. The study confirms that ICT is playing important role in South Asia. Therefore, the importance of information technology in economic growth is a global phenomenon
Downloads
Published
Issue
Section
License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.