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ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments Quantile Regression

ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments... ICT “leapfrogging” is when developing economies adopt the use of technology to jump-start their development agenda. This study positions the 2030 United Nations Sustainable Development Goal 8 to test the leapfrogging hypothesis on eight SAARC economies (Afghanistan, Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) from 2000 to 2020. We examine if the hypothesis holds using an unbalanced panel data on real per capita GDP and four ICT indicators (mobile phones, fixed telephones, fixed broadband, and Internet users). We deploy panel spatial correlation consistent (PSCC) and method of moments quantile regression (MM-QR) techniques. The MM-QR offers more reliable results than PSCC because it takes into account the conditional heterogeneity issues that are understated. The general consensus indicates that ICT (individual indicators and composite index) exerts a statistically significant positive effect on economic growth mostly at the 1% level. However, the MM-QR reveals that: (1) the leapfrogging hypothesis holds for mobile phones and composite index models; (2) the hypothesis holds only at the lower quantiles of fixed broadband model; and (3) mobile phones show the largest increasing leapfrogging effect of 0.034%, 0.052%, 0.082%, and 0.099%, respectively. Policy recommendations are discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Global Information Technology Management Taylor & Francis

ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments Quantile Regression

ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments Quantile Regression

Abstract

ICT “leapfrogging” is when developing economies adopt the use of technology to jump-start their development agenda. This study positions the 2030 United Nations Sustainable Development Goal 8 to test the leapfrogging hypothesis on eight SAARC economies (Afghanistan, Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) from 2000 to 2020. We examine if the hypothesis holds using an unbalanced panel data on real per capita GDP and four ICT indicators (mobile phones,...
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Publisher
Taylor & Francis
Copyright
© 2022 The Author(s). Published with license by Taylor & Francis Group, LLC.
ISSN
2333-6846
eISSN
1097-198X
DOI
10.1080/1097198X.2022.2094184
Publisher site
See Article on Publisher Site

Abstract

ICT “leapfrogging” is when developing economies adopt the use of technology to jump-start their development agenda. This study positions the 2030 United Nations Sustainable Development Goal 8 to test the leapfrogging hypothesis on eight SAARC economies (Afghanistan, Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) from 2000 to 2020. We examine if the hypothesis holds using an unbalanced panel data on real per capita GDP and four ICT indicators (mobile phones, fixed telephones, fixed broadband, and Internet users). We deploy panel spatial correlation consistent (PSCC) and method of moments quantile regression (MM-QR) techniques. The MM-QR offers more reliable results than PSCC because it takes into account the conditional heterogeneity issues that are understated. The general consensus indicates that ICT (individual indicators and composite index) exerts a statistically significant positive effect on economic growth mostly at the 1% level. However, the MM-QR reveals that: (1) the leapfrogging hypothesis holds for mobile phones and composite index models; (2) the hypothesis holds only at the lower quantiles of fixed broadband model; and (3) mobile phones show the largest increasing leapfrogging effect of 0.034%, 0.052%, 0.082%, and 0.099%, respectively. Policy recommendations are discussed.

Journal

Journal of Global Information Technology ManagementTaylor & Francis

Published: Jul 3, 2022

Keywords: ICT; economic growth; leapfrog; SAARC

References