Nexus between energy consumption, information and communications technology, and economic growth: An enquiry into emerging Asian countries
Article
Article Title | Nexus between energy consumption, information and communications technology, and economic growth: An enquiry into emerging Asian countries |
---|---|
ERA Journal ID | 35908 |
Article Category | Article |
Authors | Sharma, Gagan Deep (Author), Rahman, Mohammad Mafizur (Author), Jain, Mansi (Author) and Chopra, Ritika (Author) |
Journal Title | Journal of Public Affairs |
Journal Citation | 21 (2), pp. 1-13 |
Article Number | e2172 |
Number of Pages | 13 |
Year | 2021 |
Place of Publication | United Kingdom |
ISSN | 1472-3891 |
1479-1854 | |
Digital Object Identifier (DOI) | https://doi.org/10.1002/pa.2172 |
Web Address (URL) | https://onlinelibrary.wiley.com/doi/abs/10.1002/pa.2172 |
Abstract | The development of every economic sector is significantly affected by information and communication technology (ICT), especially during the liberalization process. Though several studies have focused on economy–environment–financial development nexus, yet very limited literature has highlighted the impact of ICT on the relationship between economic growth, energy consumption, and financial development. We address this gap in the existing literature by investigating the nexus between ICT, energy consumption, and economic growth for a panel of 10 emerging and developing Asian countries selected on the bases of the highest current gross domestic product price (in US dollars), for a span of 17 years ranging from 2000 to 2017. Unlike the previous studies, this study employs the advanced econometric techniques that are robust to heterogeneities across nations and have proven to produce more reliable and efficient results. Our findings opine a bidirectional causality between ICT, energy consumption, and economic growth. Additionally, internet and mobile cellular subscriptions have a positive impact on economic growth, while energy consumption report negative impact, and the results for medium and high technological export reveals an insignificant impact on the economic growth of the 10 countries under study. Overall, the results are consistent for all the countries analyzed in this empirical study. The study provides valuable policy lessons to adopt ICT-enabled technologies that will bring innovative changes and further lead to increased economic growth. It is recommended that the government must promote green ICT technology and enhance the technological industry that shall lead to higher productivity and sustainable development. |
Keywords | financial development; electricity consumption; ICT; impact; panel; cointegration; innovation; emissions; infrastructure; diffusion |
ANZSRC Field of Research 2020 | 380204. Panel data analysis |
380199. Applied economics not elsewhere classified | |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Guru Gobind Singh Indraprastha University, India |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q62q4/nexus-between-energy-consumption-information-and-communications-technology-and-economic-growth-an-enquiry-into-emerging-asian-countries
157
total views11
total downloads8
views this month0
downloads this month