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Innovation and Economic Growth: Does Internet Matter?

Yıl 2021, , 109 - 116, 30.04.2021
https://doi.org/10.47103/bilturk.706165

Öz

We analyze the relationship between economic growth and innovation taking into consideration the importance of the internet. To do so, we use a panel ARDL model, with data on a sample of 76 developed and developing countries in different geographic regions for the 1995–2016 period. Our findings provide empirical evidence of the positive role of innovation and internet in economic growth and the positive role of economic growth and internet in innovation. From these results, we derive several basic policy conclusions.

Teşekkür

The author would like to thank Mediterranean Universities Union, coordinator of the Erasmus + project for their supports in providing all the necessary conditions to carry out this work.

Kaynakça

  • Choi, C. and M. H. Yi (2009) “The effect of the Internet on economic growth: Evidence from cross-country panel data” Economics Letters, 105, pp. 39-41.
  • Hasan, I. and Tucci, C.L (2010). The innovation-economic growth nexus: global evidence’, Research Policy, Vol. 39, No. 10, pp.1264–1276.
  • Im, K.S., Pesaran, M.H., Shin, Y (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics 115, 53–74.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90, 1–44.
  • Levin, A., Lin, C. F. and Chu, C. S. J (2002) Unit root tests in panel data: asymptotic and finite sample properties, Journal of Econometrics 108, 1–24.
  • Mabrouki, M (2018). "Supporting economic growth through innovation: How does human capital influence the rate of growth?," Economics Bulletin, AccessEcon, vol. 38(2), pages 957-972.
  • Maddala, G.S and Wu, S (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics 61, 631–652.
  • Pesaran, M. H., Shin, Y., and Smith, R. P. (1999). “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels” Journal of the American Statistical Association, 94(446), 621–634.!!
  • Romer, P.M (1986). Increasing returns and long-run growth. Journal of Political Economy 94 (5), 1001–1037.
  • Romer, P.M (1990). Endogenous technological change. Journal of Political Economy 98 (5), S71–S102.
  • Schumpeter, J.A (1932). Capitalism, Socialism, and Democracy. Harper and Brothers, New York.
  • Saidi, K and Mongi, C (2018) ''The Effect of Education, R&D and ICT on Economic Growth in High Income Countries'', Economics Bulletin, AccessEcon, Volume 38, Issue 2, pages 810-825.
  • Stokey, N.L (1995). R&D and economic growth. Review of Economic Studies 28 (4), 1661–1707.
  • Tripathi, M and Inani, S.K (2016) ''Does internet affect economic growth in sub-Saharan Africa?'', Economics Bulletin, AccessEcon, Volume 36, Issue 4, pages 1993-2002.
  • Zaghdoudi, T (2017) ''Internet usage, renewable energy, electricity consumption and economic growth: Evidence from developed countries'', Economics Bulletin, AccessEcon, Volume 37, Issue 3, pages 1612-1619.

Innovation and Economic Growth: Does Internet Matter?

Yıl 2021, , 109 - 116, 30.04.2021
https://doi.org/10.47103/bilturk.706165

Öz

We analyze the relationship between economic growth and innovation taking into consideration the importance of the internet. To do so, we use a panel ARDL model, with data on a sample of 76 developed and developing countries in different geographic regions for the 1995–2016 period. Our findings provide empirical evidence of the positive role of innovation and internet in economic growth and the positive role of economic growth and internet in innovation. From these results, we derive several basic policy conclusions.

Kaynakça

  • Choi, C. and M. H. Yi (2009) “The effect of the Internet on economic growth: Evidence from cross-country panel data” Economics Letters, 105, pp. 39-41.
  • Hasan, I. and Tucci, C.L (2010). The innovation-economic growth nexus: global evidence’, Research Policy, Vol. 39, No. 10, pp.1264–1276.
  • Im, K.S., Pesaran, M.H., Shin, Y (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics 115, 53–74.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90, 1–44.
  • Levin, A., Lin, C. F. and Chu, C. S. J (2002) Unit root tests in panel data: asymptotic and finite sample properties, Journal of Econometrics 108, 1–24.
  • Mabrouki, M (2018). "Supporting economic growth through innovation: How does human capital influence the rate of growth?," Economics Bulletin, AccessEcon, vol. 38(2), pages 957-972.
  • Maddala, G.S and Wu, S (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics 61, 631–652.
  • Pesaran, M. H., Shin, Y., and Smith, R. P. (1999). “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels” Journal of the American Statistical Association, 94(446), 621–634.!!
  • Romer, P.M (1986). Increasing returns and long-run growth. Journal of Political Economy 94 (5), 1001–1037.
  • Romer, P.M (1990). Endogenous technological change. Journal of Political Economy 98 (5), S71–S102.
  • Schumpeter, J.A (1932). Capitalism, Socialism, and Democracy. Harper and Brothers, New York.
  • Saidi, K and Mongi, C (2018) ''The Effect of Education, R&D and ICT on Economic Growth in High Income Countries'', Economics Bulletin, AccessEcon, Volume 38, Issue 2, pages 810-825.
  • Stokey, N.L (1995). R&D and economic growth. Review of Economic Studies 28 (4), 1661–1707.
  • Tripathi, M and Inani, S.K (2016) ''Does internet affect economic growth in sub-Saharan Africa?'', Economics Bulletin, AccessEcon, Volume 36, Issue 4, pages 1993-2002.
  • Zaghdoudi, T (2017) ''Internet usage, renewable energy, electricity consumption and economic growth: Evidence from developed countries'', Economics Bulletin, AccessEcon, Volume 37, Issue 3, pages 1612-1619.
Toplam 15 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Research Articles
Yazarlar

Sayef Bakari 0000-0002-5395-4348

Yayımlanma Tarihi 30 Nisan 2021
Kabul Tarihi 30 Nisan 2021
Yayımlandığı Sayı Yıl 2021

Kaynak Göster

APA Bakari, S. (2021). Innovation and Economic Growth: Does Internet Matter?. BİLTÜRK Ekonomi Ve İlişkili Çalışmalar Dergisi, 3(2), 109-116. https://doi.org/10.47103/bilturk.706165

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