Abstract
ICT investment is the key factor of human development in developing countries. Human development has
three main components such as GDP, health and education. The current study explores the impact of ICT
investment on the components of human development in 67 selected developing countries. Selected
developing countries are divided into four panels on the basis of income as lower, lower middle, upper
middle and high income countries. Data were collected from World Bank, ITU and Word Information
Technology and Services Alliances website for the period of 2000 to 2018. Pesaran, Friedman and Frees
CSD tests confirmed the presence of cross-sectional dependency in the variables and consequently, CIPS
second generation unit root test were used for stationarity. Kao and Pedroni test and ARDL model were
employed to check the long-run cointegration and regression analysis respectively. The regression results
showed the mixed findings in different panels. The results explored that ICT investment have different
impacts on the components of human development in four panels of the developing countries.
Communication investment, software and hardware investment have positive impact on the components of
human development in all panels. It is recommended that government should focus on ICT investment to
increase GDP, level of education index, life expectancy index and HDI.
ZAHEER UDDIN FAROOQI , MUHAMMAD SOHAIL AMJAD MAKHDUM , MUHAMMAD RIZWAN YASEEN. (2020) Impact of Information and Communication Technology (ICT) Investment on different Components of Human Development in Developing Countries, International Review of Management and Business Research, Volume 9, Issue 4 .
-
Views
669 -
Downloads
75
Article Details
Volume
Issue
Type
Language
