The Role of Information and Communication Technologies on Financial Development and Economic Growth: PLS-SEM Approach

Öz

The purpose of this paper is to explore the role of ICT diffusion on financial development (FD) and economic growth (EG) by using the PLS-SEM method. The sample size consists of data from 158 countries for the 2015-2020 time period. Test results indicate that ICT diffusion has positive and substantial direct effects on both FD and EG. A one-unit increase could lead to a 0.836 unit increase in FD and a 0.437 unit increase in EG. Test results show that Internet and telephone usage have a similar substantial effect on FD, while Internet usage has a greater effect on EG than telephone usage, as a one-unit increase in Internet usage could cause an increase of 0.509 units in EG, but a one-unit increase in telephone usage could cause an increase of 0.200 units in EG. Lastly, the findings of this paper support the causality running from FD to EG and the moderating role of FD between ICT constructs and EG. Thereby, the novelty of this study is that it examines the relationship between ICT diffusion (in addition to Internet and telephone use), FD, and EG concurrently using the PLS-SEM method in a large data set and finds robust empirical results supporting the theory.

Anahtar Kelimeler

• ICT
• Internet usage
• telephone usage
• financial development
• economic growth
• PLS-SEM.

Bilgi ve Iletişim Teknolojilerinin Finansal Gelişmişlik ve Ekonomik Büyüme Üzerindeki Rolü: PLS-SEM Yöntemi

Öz

Bu çalışma, PLS-SEM yöntemini kullanarak Bilgi İşlem Teknolojileri (BİT) yayılımının finansal gelişme (FG) ve ekonomik büyüme (EB) üzerindeki rolünü araştırmaktadır. Örneklem büyüklüğü 2015-2020 dönemi için 158 ülkeden elde edilen verilerden oluşmaktadır. Test sonuçları, BİT yayılımının hem FG hem de EB üzerinde olumlu ve önemli doğrudan etkileri olduğunu göstermektedir. BİT’deki bir birimlik artış, FG'de 0,836 birim ve EB'de 0,437 birim artışa neden olabilmektedir. Test sonuçları, internet ve telefon kullanımının FG üzerinde benzer önemli bir etkiye sahip olduğunu ancak internet kullanımının EB üzerinde telefon kullanımına göre daha büyük bir etkiye sahip olduğunu göstermektedir. Ayrıca, internet kullanımındaki bir birimlik artış EB'de 0,509 birimlik bir artışa neden olabilirken telefon kullanımındaki birimlik artış ise EB'de 0.200 birimlik bir artışa neden olabilmektedir. Son olarak, bu makalenin bulguları, FG’nin EB üzerinde olumlu ve istatistiksel olarak önemli doğrudan etkisi olduğunu ve ayrıca FG’nin BİT ve EB arasında olumlu ve önemli dolaylı etkisi olduğunu desteklemektedir. Sonuç olarak bu çalışma Bilgi İşlem Teknolojilerinin yayılımı, FG ve EB arasındaki ilişkiyi, geniş bir veri setinde, PLS-SEM methodunu kullanarak eş zamanlı olarak test etmekte ve teoriyi destekleyecek güçlü ampirik sonuçlar bularak literatüre katkı sağlamaktadır.

Anahtar Kelimeler

• BİT
• internet kullanımı
• telefon kullanımı
• finansal gelişmişlik
• ekonomik büyüklük
• PLS-SEM

Kaynakça

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