File(s) under permanent embargo
Does ICT generate economic growth? A meta-regression analysis
journal contribution
posted on 2018-07-01, 00:00 authored by Tom StanleyTom Stanley, Chris DoucouliagosChris Doucouliagos, P SteelDespite phenomenal technological progress and exponential growth in computing power, economic growth remains comparative sluggish. In this paper, we investigate two core issues: (1) is there really no connection between ICT and national economic growth? and (2) what factors moderate the ICT–growth relationship? We apply meta‐regression analysis to 466 estimates drawn from 59 econometric studies that explore the Solow or Productivity Paradox that there is little impact of ICT on economic growth and productivity. We explore the differential impact of ICT on developed and developing countries and the differential impact of different types of ICT: landlines, cell phones, computer technology and Internet access. After accommodating potential econometric misspecification bias and publication selection bias, we detect evidence that ICT has indeed contributed positively to economic growth, at least on average. Both developed and developing countries benefit from landline and cell technologies, with cell technologies’ growth effect approximately twice as strong as landlines. However, developed countries gain significantly more from computing than do developing countries. In contrast, we find little evidence that the Internet has had a positive impact on growth.
History
Journal
Journal of economic surveysVolume
32Issue
3Pagination
705 - 726Publisher
John Wiley & SonsLocation
Chichester, Eng.Publisher DOI
ISSN
0950-0804Language
engPublication classification
C1 Refereed article in a scholarly journal; C Journal articleCopyright notice
2018, John Wiley & Sons Ltd.Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC