Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality
Using a sample of 193 countries from 2010 to 2019, this study investigates the impact of institutional quality index (IQI) and information and communication technology (ICT) on inclusive growth. The study engaged the panel spatial correlation consistent (PSCC-FE), instrumental variable-generalized m...
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| Format: | Article |
| Language: | English |
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MDPI AG
2023-04-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/11/4/124 |
| _version_ | 1797605720960532480 |
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| author | Bosede Ngozi Adeleye Sodiq Arogundade Biyase Mduduzi |
| author_facet | Bosede Ngozi Adeleye Sodiq Arogundade Biyase Mduduzi |
| author_sort | Bosede Ngozi Adeleye |
| collection | DOAJ |
| description | Using a sample of 193 countries from 2010 to 2019, this study investigates the impact of institutional quality index (IQI) and information and communication technology (ICT) on inclusive growth. The study engaged the panel spatial correlation consistent (PSCC-FE), instrumental variable-generalized method of moments (IV-GMM), and simultaneous quantile regressions (SQREG) models to assess if the impact differs by economic development (high-, low-, lower-middle- and upper-middle-income countries). The following findings emerge. The effect of IQI is positive across all models from the full sample, while that of ICT is heterogeneous, with mobile phones having a significant positive impact. The interaction effect is observed to be sensitive to the choice of ICT indicator. From the sub-samples, both IQI, ICT and their interaction show significant heterogeneous effect with consistent positive (negative interaction) outcomes in high-income countries. Thus, our findings strongly suggest that policymakers should prioritize institutional quality and ICT to ensure that economic growth translates into better living conditions for people in other income groups. |
| first_indexed | 2024-03-11T05:05:05Z |
| format | Article |
| id | doaj.art-72af120a830b4ff485a822010e2069a0 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-11T05:05:05Z |
| publishDate | 2023-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-72af120a830b4ff485a822010e2069a02023-11-17T18:58:50ZengMDPI AGEconomies2227-70992023-04-0111412410.3390/economies11040124Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional QualityBosede Ngozi Adeleye0Sodiq Arogundade1Biyase Mduduzi2Department of Accountancy, Finance and Economics, University of Lincoln, Lincoln LN6 7TS, UKSchool of Economics, University of Johannesburg, Auckland Park P.O. Box 524, South AfricaSchool of Economics, University of Johannesburg, Auckland Park P.O. Box 524, South AfricaUsing a sample of 193 countries from 2010 to 2019, this study investigates the impact of institutional quality index (IQI) and information and communication technology (ICT) on inclusive growth. The study engaged the panel spatial correlation consistent (PSCC-FE), instrumental variable-generalized method of moments (IV-GMM), and simultaneous quantile regressions (SQREG) models to assess if the impact differs by economic development (high-, low-, lower-middle- and upper-middle-income countries). The following findings emerge. The effect of IQI is positive across all models from the full sample, while that of ICT is heterogeneous, with mobile phones having a significant positive impact. The interaction effect is observed to be sensitive to the choice of ICT indicator. From the sub-samples, both IQI, ICT and their interaction show significant heterogeneous effect with consistent positive (negative interaction) outcomes in high-income countries. Thus, our findings strongly suggest that policymakers should prioritize institutional quality and ICT to ensure that economic growth translates into better living conditions for people in other income groups.https://www.mdpi.com/2227-7099/11/4/124inclusive growthICTinstitutions |
| spellingShingle | Bosede Ngozi Adeleye Sodiq Arogundade Biyase Mduduzi Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality Economies inclusive growth ICT institutions |
| title | Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality |
| title_full | Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality |
| title_fullStr | Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality |
| title_full_unstemmed | Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality |
| title_short | Empirical Analysis of Inclusive Growth, Information and Communication Technology Adoption, and Institutional Quality |
| title_sort | empirical analysis of inclusive growth information and communication technology adoption and institutional quality |
| topic | inclusive growth ICT institutions |
| url | https://www.mdpi.com/2227-7099/11/4/124 |
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