Information and Communication Technology as a Resource for Revitalising the Arab World Economy in the Modern Digital Era

Acheampong, A. O., Adams, S., & Boateng, E. (2019). Do globalization and renewable energy contribute to carbon emissions mitigation in Sub-Saharan Africa? Science of the Total Environment, 677, 436–446. https://doi.org/10.1016/j.scitotenv.2019.04.353
Adedoyin, F. F., Bekun, F. V., Driha, O. M., & Balsalobre-Lorente, D. (2020). The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States. Technological Forecasting and Social Change, 160, 120297. https://doi.org/10.1016/j.techfore.2020.120297
Aghaei, M., & Rezagholizadeh, M. (2017). The impact of information and communication technology (ICT) on economic growth in the OIC Countries. Economic and Environmental Studies, 17(2 (42)), 257–278.
Aghion, P., & Howitt, P. (1998). Endogenous growth theory. The MIT Press.
Albiman, M. M., & Sulong, Z. (2016a). The role of ICT use to the economic growth in Sub Saharan African region (SSA). Journal of Science and Technology Policy Management, 7(3), 306–329. https://doi.org/10.1108/JSTPM-06-2016-0010
Albiman, M. M., & Sulong, Z. (2016b). The role of ICT use to the economic growth in Sub Saharan African region (SSA). Journal of Science and Technology Policy Management, 7(3), 306–329. https://doi.org/10.1108/JSTPM-06-2016-0010
Ali, M. A., Alam, K., Taylor, B., & Rafiq, S. (2020). Does ICT maturity catalyse economic development? Evidence from a panel data estimation approach in OECD countries. Economic Analysis and Policy, 68, 163–174. https://doi.org/10.1016/j.eap.2020.09.003
Andrianaivo, M., & Kpodar, K. (2011). ICT, financial inclusion, and growth: Evidence from African countries. International Monetary Fund Washington, DC. https://ww.imf.org/en/Publications/WP/Issues/2016/12/31/ICT-Financial-Inclusionand-%0AGrowth-Evidence-from-African-Countries-24771
Appiah-Otoo, I., & Song, N. (2021). The impact of ICT on economic growth-Comparing rich and poor countries. Telecommunications Policy, 45(2), 102082. https://doi.org/10.1016/j.telpol.2020.102082
Arellano, M., & Bond, S. (1991). Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. The Review of Economic Studies, 58(2), 277. https://doi.org/10.2307/2297968
Arellano, M., & Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1), 29–51. https://doi.org/10.1016/0304-4076(94)01642-D
Bahrini, R., & Qaffas, A. (2019). Impact of Information and Communication Technology on Economic Growth: Evidence from Developing Countries. Economies, 7(1), 21. https://doi.org/10.3390/economies7010021
Barro, R. J. (2013). Inflation and economic growth. Annals of Economics & Finance, 14(1).
Belloumi, M., & Touati, K. (2022). Do FDI inflows and ICT affect economic growth? An evidence from Arab countries. Sustainability, 14(10), 6293. https://doi.org/10.3390/su14106293
Blundell, R., & Bond, S. (1998). Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, 87(1), 115–143.
Bojnec, Š., & Fert?, I. (2012). Broadband availability and economic growth. Industrial Management & Data Systems, 112(9), 1292–1306. https://doi.org/10.1108/02635571211278938
Dewan, S., & Kraemer, K. L. (2000). Information technology and productivity: Evidence from country-level data. Management Science, 46(4), 548–562. https://doi.org/10.1287/mnsc.46.4.548.12057
G20 Digital Economy Task Force, G. R. (2016). G20 digital economy development and cooperation initiative. G20 Research Group at the University of Toronto, 2009–2016. https://www.mofa.go.jp/files/000185874.pdf.
Gheraia, Z., Abid, M., Sekrafi, H., & Abdelli, H. (2022). The moderating role of ICT diffusion between financial development and economic growth: a bootstrap ARDL approach in Saudi Arabia. Information Technology for Development, 28(4), 816–836. https://doi.org/10.1080/02681102.2021.1998759
Gómez-Barroso, J. L., & Marbán-Flores, R. (2020). Telecommunications and economic development–The 20th century: The building of an evidence base. Telecommunications Policy, 44(2), 101904. https://doi.org/10.1016/j.telpol.2019.101904
Gotu, B., & Tadesse, H. (2023). Assessing COVID-19 Effects on Inflation, Unemployment, and GDP in Africa: What Do the Data Show via GIS and Spatial Statistics? COVID, 3(7), 956–974. https://doi.org/10.3390/covid3070069
Greenstein, S. M., & Spiller, P. T. (1995). Modern telecommunications infrastructure and economic activity: An empirical investigation. Industrial and Corporate Change, 4(4), 647–665. https://doi.org/10.1093/icc/4.4.647
Gruber, H., & Koutroumpis, P. (2010). Mobile communications: Diffusion facts and prospects. Communications and Strategies, 77, 133–145.
Hansen, L. P. (1982). Large Sample Properties of Generalized Method of Moments Estimators. Econometrica, 50(4), 1029. https://doi.org/10.2307/1912775
Hodrab, R., Maitah, M., & Smutka, L. (2016). The effect of information and communication technology on economic growth: Arab world case. International Journal of Economics and Financial Issues, 6(2), 765–775. https://doi.org/10.1080/2329194X.2004.11045187
Inklaar, R., O’Mahony, M., & Timmer, M. (2005). ICT and Europe’s productivity performance: industry?level growth account comparisons with the United States. Review of Income and Wealth, 51(4), 505–536. https://doi.org/10.1111/j.1475-4991.2005.00166.x
Ishida, H. (2015). The effect of ICT development on economic growth and energy consumption in Japan. Telematics and Informatics, 32(1), 79–88.
https://doi.org/10.1016/j.tele.2014.04.003
Jorgenson, D. W. (2006). Information Technology and the G7 Economies. Revue de l’OFCE, no 97 bis(5), 189–215. https://doi.org/10.3917/reof.073.0189
Keller, W. (2004). International technology diffusion. Journal of Economic Literature, 42(3), 752–782. https://doi.org/10.1257/0022051042177685
Koutroumpis, P. (2009). The economic impact of broadband on growth: A simultaneous approach. Telecommunications Policy, 33(9), 471–485.
https://doi.org/10.1016/j.telpol.2009.07.004
Kurniawati, M. A. (2020). The role of ICT infrastructure, innovation and globalization on economic growth in OECD countries, 1996-2017. Journal of Science and Technology Policy Management, 11(2), 193–215. https://doi.org/10.1108/JSTPM-06-2019-0065
Lee, S. H., Levendis, J., & Gutierrez, L. (2012). Telecommunications and economic growth: An empirical analysis of sub-Saharan Africa. Applied Economics, 44(4), 461–469. https://doi.org/10.1080/00036846.2010.508730
Lucas, R. E. (1988). On the mechanics of economic development. Journal of Monetary Economics, 22(1), 3–42. https://doi.org/10.1016/0304-3932(88)90168-7
Lucas, R. E. (1990). Why doesn’t capital flow from rich to poor countries? American Economic Review, 80(2), 92–96.
Makoza, F. (2019). National ICT policy challenges for developing countries: a grounded theory informed literature review. International Journal of Technology Policy and Law, 3(2), 107–130. https://doi.org/10.1504/ijtpl.2019.104937
Mamaghani, F. (2010). The social and economic impact of information and communication technology on developing countries: An analysis. International Journal of Management, 27(3), 607.
Maneejuk, P., & Yamaka, W. (2020). An analysis of the impacts of telecommunications technology and innovation on economic growth. Telecommunications Policy, 44(10), 102038. https://doi.org/10.1016/j.telpol.2020.102038
Morawczynski, O., & Ngwenyama, O. (2007). Unraveling the impact of investments in ICT, education and health on development: an analysis of archival data of five West African countries using regression splines. The Electronic Journal of Information Systems in Developing Countries, 29(1), 1–15.
Olamide, E., Ogujiuba, K., & Maredza, A. (2022). Exchange rate volatility, inflation and economic growth in developing countries: Panel data approach for SADC. Economies, 10(3), 67. https://doi.org/10.3390/economies10030067
Ortiz, E., Sosa, M., & Díaz, H. (2015). Educational levels and the impact of ICT on economic growth: Evidence of a cointegrated panel. International Journal of Business and Social Research, 5(9), 15–30.
Oulton, N. (2002). ICT and productivity growth in the United Kingdom. Oxford Review of Economic Policy, 18(3), 363–379. https://doi.org/10.1093/oxrep/18.3.363
Papaioannou, S. K., & Dimelis, S. P. (2007). Information technology as a factor of economic development: Evidence from developed and developing countries. Economics of Innovation and New Technology, 16(3), 179–194.
https://doi.org/10.1080/10438590600661889
Pleming, S. (2022). Digital Economy Could Reap Huge Benefits for Middle East and North Africa. World Bank Publications. https://www.worldbank.org/en/news/press-release/2022/03/16/digital-economy-could-reap-huge-benefits-for-middle-east-and-north-africa
Pohjola, M. (2002). The new economy in growth and development. Oxford Review of Economic Policy, 18(3), 380–396. https://doi.org/10.1093/oxrep/18.3.380
Pradhan, R. P., Arvin, M. B., Mittal, J., & Bahmani, S. (2016). Relationships between telecommunications infrastructure, capital formation, and economic growth. International Journal of Technology Management, 70(2–3), 157–176. https://doi.org/10.1504/IJTM.2016.075158
Pradhan, R. P., Arvin, M. B., & Norman, N. R. (2015). The dynamics of information and communications technologies infrastructure, economic growth, and financial development: Evidence from Asian countries. Technology in Society, 42, 135–149. https://doi.org/10.1016/j.techsoc.2015.04.002
Pradhan, R. P., Mallik, G., & Bagchi, T. P. (2018). Information communication technology (ICT) infrastructure and economic growth: A causality evinced by cross-country panel data. IIMB Management Review, 30(1), 91–103. https://doi.org/10.1016/j.iimb.2018.01.001
Prasojo, L. D., Habibi, A., Yaakob, M. F. M., Mukminin, A., Haswindy, S., & Sofwan, M. (2019). An Explanatory Sequential Study on Indonesian Principals’ Perceptions on ICT Integration Barriers. Electronic Journal of E-Learning, 17(1), 1–10.
Roger, M., Shulin, L., & Enock, B. (2021). The Impact of ICT Investment and Diffusion on Economic Growth: Empirical Evidence from Rwanda. International Journal of Innovation and Economic Development, 7(4), 23–36. https://doi.org/10.18775/ijied.1849-7551-7020.2015.74.2002
Romer, P. (1993). Idea gaps and object gaps in economic development. Journal of Monetary Economics, 32(3), 543–573. https://doi.org/10.1016/0304-3932(93)90029-F
Romer, Paul M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), S71–S102. https://doi.org/10.3386/w3210
Romer, P. M. (1990). Human capital and growth: theory and evidence. Carnegie-Rochester Conference Series on Public Policy, 32, 251–286. https://doi.org/10.3386/w3173
Romer, P. M. (1990). Endogenous technological change. Journal of Political Economy, 98(5), S71-102. https://doi.org/10.1086/261725
Rong, K. (2022). Research agenda for the digital economy. Journal of Digital Economy, 1(1), 20–31. https://doi.org/10.1016/j.jdec.2022.08.004
Roy, S., Ahmed, A. M. M. B., & Abonamah, A. A. (2014). ICT and economic growth: Evidence from twelve MENA economies. International Journal of Customer Relationship Marketing and Management (IJCRMM), 5(1), 16–30.
Salahuddin, M., & Alam, K. (2015). Internet usage, electricity consumption and economic growth in Australia: A time series evidence. Telematics and Informatics, 32(4), 862–878. https://doi.org/10.1016/j.tele.2015.04.011
Sassi, S., & Goaied, M. (2013). Financial development, ICT diffusion and economic growth: Lessons from MENA region. Telecommunications Policy, 37(4–5), 252–261. https://doi.org/10.1016/j.telpol.2012.12.004
Schumpeter, J. (1934). The theory of economic development. In Harvard University Press. Harvard University Press.
Sen, A. (1985). Well-being, agency and freedom: The Dewey lectures 1984. The Journal of Philosophy, 82(4), 169–221. https://doi.org/10.2307/2026184
Sharma, G. D., Rahman, M. M., Jain, M., & Chopra, R. (2021). Nexus between energy consumption, information and communications technology, and economic growth: an enquiry into emerging Asian countries. Journal of Public Affairs, 21(2), e2172. https://doi.org/10.1002/pa.2172
Shodiev, T., Khasanov, B. A., Ostonokulova, G. M., Khoshimov, A. A., Hasanova, R. B., & Akramov, A. B. (2021). Impact of ICT on Economic Growth: Case of Central Asian Countries. REVISTA GEINTEC-GESTAO INOVACAO E TECNOLOGIAS, 11(3), 1399–1410. https://doi.org/10.47059/revistageintec.v11i3.2019
Solomon, E. M., & van Klyton, A. (2020). The impact of digital technology usage on economic growth in Africa. Utilities Policy, 67, 101104. https://doi.org/10.1016/j.jup.2020.101104
Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. The Quarterly Journal of Economics, 70(1), 65–94.
http://le.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwlV3LTsMwEFxVvcCFZ4HykPwDofGrSU6oQhQ-oPfIcdZCKEoKhP9nHcdIpeLAMZIjWZt4d2zPzgBIcZ8mv3KCyjIrTC5kbY1wija6Jq0VPWQFcumKXetDiKaOnmQ5sASHO32CS1WDC57nSnP5sH1PvHmUv2QdnTQoE3MCJEEm9ycfUw0LWsxSJlp7h9zAPNzLvkNJ
Song, L., & Zhou, Y. (2020). The COVID?19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity? China & World Economy, 28(4), 1–25. https://doi.org/10.1111/cwe.12349
Soomro, A. N., Kumar, J., & Kumari, J. (2022). The dynamic relationship between FDI, ICT, trade openness, and economic growth: Evidence from BRICS countries. The Journal of Asian Finance, Economics and Business, 9(2), 295–303.
Sturgeon, T. J. (2021). Upgrading strategies for the digital economy. Global Strategy Journal, 11(1), 34–57. https://doi.org/10.1002/gsj.1364
Thompson Jr, H. G., & Garbacz, C. (2007). Mobile, fixed line and Internet service effects on global productive efficiency. Information Economics and Policy, 19(2), 189–214. https://doi.org/10.1016/j.infoecopol.2007.03.002
Touray, A., Salminen, A., & Mursu, A. (2013). ICT barriers and critical success factors in developing countries. The Electronic Journal of Information Systems in Developing Countries, 56(1), 1–17. https://doi.org/10.1002/j.1681-4835.2013.tb00401.x
Tripathi, M., & Inani, S. K. (2020). Does information and communications technology affect economic growth? Empirical evidence from SAARC countries. Information Technology for Development, 26(4), 773–787. https://doi.org/10.1080/02681102.2020.1785827
Vu, K., Hanafizadeh, P., & Bohlin, E. (2020). ICT as a driver of economic growth: A survey of the literature and directions for future research. Telecommunications Policy, 44(2), 101922. https://doi.org/10.1016/j.telpol.2020.101922
Vu, K. M. (2011). ICT as a source of economic growth in the information age: Empirical evidence from the 1996–2005 period. Telecommunications Policy, 35(4), 357–372. https://doi.org/10.1016/j.telpol.2011.02.008
Wooldridge, J. M. (2010). Econometric analysis of cross section and panel data. MIT press.
Yakunina, R. P., & Bychkov, G. A. (2015). Correlation analysis of the components of the human development index across countries. Procedia Economics and Finance, 24, 766–771. https://doi.org/10.1016/s2212-5671(15)00692-9
Yi, M. H., & Choi, C. (2005). The effect of the Internet on inflation: Panel data evidence. Journal of Policy Modeling, 27(7), 885–889.
Yousefi, A. (2011). The impact of information and communication technology on economic growth: evidence from developed and developing countries. Economics of Innovation and New Technology, 20(6), 581–596. https://doi.org/10.3390/economies7010021
Zhang, J., & Danish. (2019). The dynamic linkage between information and communication technology, human development index, and economic growth: evidence from Asian economies. Environmental Science and Pollution Research, 26, 26982–26990. https://doi.org/10.1007/s11356-019-05926-0
Zineb, A., Zineb, F., & Ikram, M. (2022). Effects of COVID-19 on population, economic growth, logistics performance, and quality management in africa: grey relational analysis. International Journal of Grey Systems, 2(2), 18–33. https://doi.org/10.52812/ijgs.56

(Shtewi & Almajdob, 2024)
Shtewi, O. A., & Almajdob, M. S. (2024). Information and Communication Technology as a Resource for Revitalising the Arab World Economy in the Modern Digital Era. International Journal of Academic Research in Business and Social Sciences, 14(7), 1–18.

Copyright: © 2024 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode