English, Article edition: The ICT environment, financial sector and economic growth: a cross-country analysis Farkhanda Shamim

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/28839
Physical Description
  • article
Language
  • English

Edition details

Title
  • The ICT environment, financial sector and economic growth: a cross-country analysis
Author
  • Farkhanda Shamim
Physical Description
  • article
Notes
  • Purpose – The purpose of this paper is to test the hypothesis that, given the financial development of an economy (whether developed or not), e-finance technologies enhance economic growth because they lower processing costs for suppliers and information costs for consumers and therefore increase availability of finance for even low-income borrowers of remote areas. Design/​methodology/​approach – To analyze the indirect relationship between the level of connectivity and economic growth via its impact on financial development, generalized method of moments (GMM) is applied to cross section data of 61 countries averaged over 13 years (1990-2002). Findings – In all the regression results, it is found that better connectivity particularly by increasing the number of mobile phone subscribers and the number of internet users significantly enhances financial depth, which is a backbone of any country to grow. Practical implications – Based on the empirical findings of current study, it can be concluded that Claessens et al. might be right in saying that for developing countries to exploit opportunities for leapfrogging even with weak financial system, it is important to invest in the sector of information and communication technology. Originality/​value – the current study is the first of its kind, which provides empirical and global evidence that the component of financial sector developed by better telecommunication infrastructure is positively associated with long run economic growth and gross capital formation.
  • Communication technologies, Economic growth, Finance, Internet, Method of moments
  • RePEc:eme:jespps:v:34:y:2007:i:4:p:352-370
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment