The Impact of ICT on the GDP Growth of Western Balkan Countries
The aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric techniques were used such as pooled OLS, fixed effects, random effects, and the Hausman Taylor model with instrumental variables (IV). The findin...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Sciendo
2022-06-01
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| Series: | SEEU Review |
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| Online Access: | https://doi.org/10.2478/seeur-2022-0044 |
| _version_ | 1818017890426683392 |
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| author | Ibrahimi Arta Ejupi Fetai Besnik |
| author_facet | Ibrahimi Arta Ejupi Fetai Besnik |
| author_sort | Ibrahimi Arta Ejupi |
| collection | DOAJ |
| description | The aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric techniques were used such as pooled OLS, fixed effects, random effects, and the Hausman Taylor model with instrumental variables (IV). The findings indicate that fixed telephone subscriptions and individuals using the internet have a positive effect on GDP growth, while the fixed broadband subscriptions and mobile cellular subscriptions have a negative effect on GDP growth. The results also show general government final consumption has a negative effect on GDP growth, whereas foreign direct investment has a positive effect on GDP growth, but the coefficient is statistically insignificant. The study will serve for policy makers to invest more in ICT since this will contribute to the economic growth and welfare benefits. There is no study that has been analyzed about ICT in Western Balkan countries, thus findings will be valuable to the government. |
| first_indexed | 2024-04-14T07:32:33Z |
| format | Article |
| id | doaj.art-f8866d448b1b44a39a8fdbc0abccf8c9 |
| institution | Directory Open Access Journal |
| issn | 1857-8462 |
| language | English |
| last_indexed | 2024-04-14T07:32:33Z |
| publishDate | 2022-06-01 |
| publisher | Sciendo |
| record_format | Article |
| series | SEEU Review |
| spelling | doaj.art-f8866d448b1b44a39a8fdbc0abccf8c92022-12-22T02:05:49ZengSciendoSEEU Review1857-84622022-06-0117110511910.2478/seeur-2022-0044The Impact of ICT on the GDP Growth of Western Balkan CountriesIbrahimi Arta Ejupi0Fetai Besnik1PhD candidate, Faculty of Business and Economics, South East European University, Tetovo, North MacedoniaFull Professor, Faculty of Business and Economics, South East European University, Tetovo, North MacedoniaThe aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric techniques were used such as pooled OLS, fixed effects, random effects, and the Hausman Taylor model with instrumental variables (IV). The findings indicate that fixed telephone subscriptions and individuals using the internet have a positive effect on GDP growth, while the fixed broadband subscriptions and mobile cellular subscriptions have a negative effect on GDP growth. The results also show general government final consumption has a negative effect on GDP growth, whereas foreign direct investment has a positive effect on GDP growth, but the coefficient is statistically insignificant. The study will serve for policy makers to invest more in ICT since this will contribute to the economic growth and welfare benefits. There is no study that has been analyzed about ICT in Western Balkan countries, thus findings will be valuable to the government.https://doi.org/10.2478/seeur-2022-0044information communication technologygdp growtheconomic growthpanel datawestern balkan countrieshausman and taylore00e01 |
| spellingShingle | Ibrahimi Arta Ejupi Fetai Besnik The Impact of ICT on the GDP Growth of Western Balkan Countries SEEU Review information communication technology gdp growth economic growth panel data western balkan countries hausman and taylor e00 e01 |
| title | The Impact of ICT on the GDP Growth of Western Balkan Countries |
| title_full | The Impact of ICT on the GDP Growth of Western Balkan Countries |
| title_fullStr | The Impact of ICT on the GDP Growth of Western Balkan Countries |
| title_full_unstemmed | The Impact of ICT on the GDP Growth of Western Balkan Countries |
| title_short | The Impact of ICT on the GDP Growth of Western Balkan Countries |
| title_sort | impact of ict on the gdp growth of western balkan countries |
| topic | information communication technology gdp growth economic growth panel data western balkan countries hausman and taylor e00 e01 |
| url | https://doi.org/10.2478/seeur-2022-0044 |
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