The regression appraisal of the samples collected

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The regression appraisal of the samples collected from the 59 states established that theoutput elasticity of the information and communication technology is larger as compared to theICT factor compensation Niebel (2014). This implies that there was an increase in the returnsfrom the use of information and communication technology. Since there was no statisticaldifference observed in the information and communication technology output elasticity, theresults imply that the developed countries are enjoying higher returns with regards to theimplementation of ICT than the emerging or developing economies. This raised the issue thatthese states are “leapfrogging” through the use of information and communication technology. Inlight of that, the developed countries benefit more from the investments in ICT thus implyingthat ICT affects the economic growth positively in the states where favorable conditions existNiebel (2014).Article 3The third and final article used in the research is Information and CommunicationTechnology Use and Economic Growth by Maryam Farhadi, Rahmah Ismail, and MasoodFooladi. The theme of this article is to access the impact of ICT on economic growth. The formof data used in this paper is panel data where 159 countries were assessed over a period of nineyears which was between 2000 and 2009 Farhadi, Ismail & Fooladi, (2012). The authors alsoused a generalized method of moments (GMM) as the estimator implemented in the frameworkof the dynamic panel data. The growth economics had hypothesized that the investments in theinformation and communication technologies affect the economic growth of the country.Multiregression analysis technique was employed whereby the dependent variable used in the analysis
IMPACT OF TECHNOLOGY ON ECONOMIC GROWTH by Lin Rui7was the economic growth of the various states and the independent variable was the investmentsin the field of information and communication technology in the various countries.According to the article, the advancement in the scope of information and communicationtechnology has led to a lot of structural changes which include aspects such as trade extension,reorganization of economics and globalization. This in turn causes an increase in the flow ofcapital and it also leads to availability of information and knowledgeFarhadi, Ismail & Fooladi(2012).The paper assesses the impact of information and communication technology on thegrowth of the economy through the use of the Generalized Method of Moments estimatorassessed in the dynamic panel data framework of the 159 statesFarhadi, Ismail & Fooladi(2012). The paper provides as assessment of the use of information and communicationtechnology by assessing factors such as the number of mobile subscribers in 100 inhabitants, thenumber of internet users in each country and the number of fixed broadband internet usersFarhadi, Ismail & Fooladi (2012).

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Term
Winter
Professor
N/A
Tags
Economics, Economic Development, Test, Developed country, Lin Rui

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