<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric techniques were used such as pooled OLS, fixed effects, random effects, and the Hausman Taylor model with instrumental variables (IV). The findings indicate that fixed telephone subscriptions and individuals using the internet have a positive effect on GDP growth, while the fixed broadband subscriptions and mobile cellular subscriptions have a negative effect on GDP growth. The results also show general government final consumption has a negative effect on GDP growth, whereas foreign direct investment has a positive effect on GDP growth, but the coefficient is statistically insignificant. The study will serve for policy makers to invest more in ICT since this will contribute to the economic growth and welfare benefits. There is no study that has been analyzed about ICT in Western Balkan countries, thus findings will be valuable to the government.</p>
</abstract>

The aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric techniques were used such as pooled OLS, fixed effects, random effects, and the Hausman Taylor model with instrumental variables (IV). The findings indicate that fixed telephone subscriptions and individuals using the internet have a positive effect on GDP growth, while the fixed broadband subscriptions and mobile cellular subscriptions have a negative effect on GDP growth. The results also show general government final consumption has a negative effect on GDP growth, whereas foreign direct investment has a positive effect on GDP growth, but the coefficient is statistically insignificant. The study will serve for policy makers to invest more in ICT since this will contribute to the economic growth and welfare benefits. There is no study that has been analyzed about ICT in Western Balkan countries, thus findings will be valuable to the government.

The Impact of ICT on the GDP Growth of Western Balkan Countries

PhD candidate, Faculty of Business and Economics

SEEU Review

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"The Impact of ICT on the GDP Growth of Western Balkan Countries"}

The aim is to investigate the Information Communication Technology (ICT) on GDP growth in Western Balkan countries from 2000 - 2019. Different econometric...

The Impact of ICT on the GDP Growth of Western Balkan Countries

Published Online: Jul 04, 2022

Page range: 105 - 119

DOI: https://doi.org/10.2478/seeur-2022-0044

Keywords
Information Communication Technology, GDP growth, Economic growth, Panel data, Western Balkan Countries, Hausman and Taylor

© 2022 Arta Ejupi Ibrahimi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Impact of ICT on the GDP Growth of Western Balkan Countries

Published Online: Jul 04, 2022

Page range: 105 - 119

DOI: https://doi.org/10.2478/seeur-2022-0044

KeywordsInformation Communication Technology, GDP growth, Economic growth, Panel data, Western Balkan Countries, Hausman and Taylor

© 2022 Arta Ejupi Ibrahimi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Information Communication Technology, GDP growth, Economic growth, Panel data, Western Balkan Countries, Hausman and Taylor