Analysis of the Relationship Between Information Communication Technology (ICT) and Economic Growth: Empirical Evidence from European Countries

Shanaz  Hakim Mhamad

doi:10.25098/8.1.45

Authors

Shanaz Hakim Mhamad Economic Department, College of Economic and Administration, University of Sulaimani, Sulaimani, Iraq

DOI:

https://doi.org/10.25098/8.1.45

Keywords:

ICT manufacturing, ICT service, ICT employment, GDP, ARDL approach, EU

Abstract

Information and communication technology (ICT) are usually considered to be significant economic development factors in all nations, particularly developing ones. In our situation, this is also true for EU member states. The information and communication technology section includes businesses of service and manufacturing whose goods are mostly applied for information processing and communication, such as transmission and display, or allow this function. This work is an attempt to evaluate the association between ICT and economic growth in the EU for the years of 2000– 2020, through utilizing ARDL approach for exploring the short-run and long-run association between ICT services, ICT manufacturing industries, ICT employment and GDP. The findings reveal a long-run and significant connection among the response and explanatory variables.

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