Impact of ICT Development on Economic Growth in Asian Countries.

Abstract

This study is about to check out the impact of ICT on economic growth in Asian countries. As we all know that there is higher economic growth in developed countries and lesser in underdeveloped countries. To estimate the impact of ICT following substitutes are used such as ICT export services, fixed telephone subscriptions, mobile broadband, and individuals using the internet, and to measure the economic growth gross domestic product (GDP) is used as a substitute. To investigate the indicators; the study uses the Generalized Method of Moments (GMM) to estimate the ICT impact on GDP by using different regression equations. So, the results confirmed that all of the ICT variables such as (ICT export services, fixed telephone subscriptions, mobile broadband, and individuals using the internet) have significantly contributed to the production of economic growth.