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ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments Quantile Regression

Adeleye, Bosede Ngozi and JAMAL, Abdul and Adam, Lukman Shehu and Oyedepo, T. (2022) ICT Leapfrogging and Economic Growth Among SAARC Economies: Evidence From Method of Moments Quantile Regression. Journal of Global Information Technology Management, 25 (3). pp. 230-253.

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ICT “leapfrogging” is when developing economies adopt the use of technology to jumpstart their development agenda. This study positions the 2030 United Nations Sustainable Development Goal 8 to test the leapfrogging hypothesis on eight SAARC economies (Afghanistan, Bhutan, Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) from 2000 to 2020. We examine if the hypothesis holds using an unbalanced panel data on real per capita GDP and four ICT indicators (mobile phones, fixed telephones, fixed broadband, and Internet users). We deploy panel spatial correlation consistent (PSCC) and method of moments quantile regression (MM-QR) techniques. The MM-QR offers more reliable results than PSCC because it takes into account the conditional heterogeneity issues that are understated. The general consensus indicates that ICT (individual indicators and composite index) exerts a statistically significant positive effect on economic growth mostly at the 1% level. However, the MM-QR reveals that: (1) the leapfrogging hypothesis holds for mobile phones and composite index models; (2) the hypothesis holds only at the lower quantiles of fixed broadband model; and (3) mobile phones show the largest increasing leapfrogging effect of 0.034%, 0.052%, 0.082%, and 0.099%, respectively. Policy recommendations are discussed.

Item Type: Article
Uncontrolled Keywords: ICT  economic growth  leapfrog  SAARC
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HE Transportation and Communications
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Patricia Nwokealisi
Date Deposited: 24 May 2024 08:26
Last Modified: 24 May 2024 08:26

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