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http://dx.doi.org/10.3745/JIPS.04.0227

The Nexus among Globalization, ICT and Economic Growth: An Empirical Analysis  

Liu, Ximei (School of Economics and Management, Zhejiang Sci-Tech University)
Latif, Zahid (School of Economics and Management, Beijing University of Posts and Telecommunications)
Xiong, Daoqi (Zhejiang Huayun Information Technology Co. Ltd.)
Yang, Mengke (School of Economics and Management, Beijing University of Posts and Telecommunications)
Latif, Shahid (Sarhad University of Science and Information Technology)
Wara, Kaif Ul (Islamia College Peshawar Campus)
Publication Information
Journal of Information Processing Systems / v.17, no.6, 2021 , pp. 1044-1056 More about this Journal
Abstract
Globalization has integrated the world through interaction among countries and people with the help of information and telecommunication technology (ICT). The rapid mode of globalization has put a new life in ICT and economic sector. The key focus of this study is to examine the nexus among the globalization, ICT and economic growth. This study uses autoregressive distributed lag model (ARDL), vector error correction model (VECM) and econometric method spanning from 1990 to 2015. The empirical result highlights that the globalization stimulates economic growth of a country. In addition, both the internet penetration and the mobile phone usage contribute to the economic growth. Lastly, this article contributes important policy lessons on strengthening the economy by utilizing ICT with the rapid globalization.
Keywords
ARLD and VECM; Economic Growth; Globalization; ICT; Pakistan;
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