SPREAD OF ICT AND ECONOMIC GROWTH IN PACIFIC ISLAND COUNTRIES: A PANEL STUDY

  • Keshmeer Kanewar Makun University of the South Pacific
  • T K Jayaraman University of Tunku Abdul Rahman
DOI: https://doi.org/10.21098/bemp.v23i0.1178
Keywords: ICT, Economic Growth, Pacific Island Countries, Panel Data

Abstract

This paper investigates the impact of information and communications technology (ICT) on economic growth in Pacific Island countries by employing an augmented production function model and panel data analysis from 2002 to 2017. The empirical findings reveal that ICT-related indicators have a positive and significant impact on the economic growth process, along with the fundamental variable of capital stock. The effect of control variables such as foreign direct investment and exports have a positive effect on the real gross domestic product per capita, whereas inflation has a negative effect. The sensitivity evaluation of ICT indicators with different control variables produces consistent evidence of ICT’s effect on economic growth. Policymakers
as well as ICT stakeholders should enhance investments for improving ICT-related
infrastructure and promoting technology to boost economic growth in Pacific Island
countries.

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Published
2020-01-31
How to Cite
Makun, K., & Jayaraman, T. (2020). SPREAD OF ICT AND ECONOMIC GROWTH IN PACIFIC ISLAND COUNTRIES: A PANEL STUDY. Buletin Ekonomi Moneter Dan Perbankan, 23, 109 - 128. https://doi.org/10.21098/bemp.v23i0.1178
Issue
Vol 23 (2020): 13th BMEB Call for Papers Special Issue
Section
Articles

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

Creative Commons License

Buletin Ekonomi Moneter dan Perbankan / Bulletin of Monetary Economics and Banking is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.