Yıl 2018, Cilt: 10 Sayı : 1 Sayfalar 129 - 142 2018-01-01
AN EMPIRICAL ANALYSIS OF INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) AND ECONOMIC GROWTH IN NIGERIA
O Y AKİNWALE,A SANUSİ,J SURUJLAL
16 261

Öz Nigeria has witnessed a great change in information and communicationtechnology (ICT) as a result of the liberalisation of the telecommunication sectorin the country in the early 2000s coupled with high rate of economic growth.Consequently, this study examines the relationship and impact of ICT oneconomic growth in Nigeria. Using a secure internet server per 1 million, mobilecellular subscription per 100 people, and investment in telecoms with privatesector participation (in current USD) as proxies for ICT, and GDP as proxy foreconomic growth for the period 1997 to 2016, the outcome of the autoregressivedistributed lag (ARDL) reveals that there is a cointegration between ICT andeconomic growth, which establishes the existence of a long-run relationshipbetween them. In the short run, only secure internet server per 1 million andmobile cellular subscription per 100 people have a positive and significant impacton economic growth, whereas investment in telecoms with private sectorparticipation was not significant. The Granger causality test shows thebidirectional causality between secure internet server per 1 million and economicgrowth. The results suggest that there is a need for a strong political will tosupport an enabling environment and to propel the ease of doing business in thesector to attract private and foreign investment into the sector, as this wouldimprove the secure internet server, increase the penetration of mobile usage to the rural communities, and increase the performance of other sectors of the economythat would foster the economic growth of Nigeria.

Anahtar Kelimeler

Information and communication technology, ARDL, Nigeria
Akinwale, Y., Ogundari, I., Olaopa, O., and Siyanbola, W. (2012). Global best practices for R&D funding: lessons for Nigeria. Interdisciplinary Journal of Contemporary Research, 4 (2), 909-925.
Birincil Dil en
Konular Sosyal
Yayımlanma Tarihi 1 Ocak 2018
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Yayımlanma Tarihi : 1 Ocak 2018


Makalenin Yazarları
O Y AKİNWALE
A SANUSİ
J SURUJLAL