Causal Relationship between Information Communications Technology and Economic Growth in European Countries

Journal of Euromarketing, Vol.21, No. 1, pp. 25-36, 2012

12 Pages Posted: 15 Nov 2015 Last revised: 18 Dec 2017

See all articles by Jung Wan Lee

Jung Wan Lee

Boston University - Department of Administrative Sciences

Kip Becker

Boston University - Department of Administrative Sciences

Date Written: October 15, 2012

Abstract

The study examines the causal relationship between information and communications technology (ICT) and economic growth in twenty two European countries. The Granger causality test is performed following the cointegration approach to reveal the direction of causality between ICT development and economic growth. Test results indicate two things; 1) there is long-run equilibrium relationship between ICT development and economic growth for Cyprus and Malta; and 2) a diverse one-way directional causality is evidenced, either ICT-led growth for Cyprus and Spain or growth-led ICT development for Portugal and Sweden. The authors provide a full discussion of the European findings based on their empirical findings.

Keywords: information communications technology, Internet services, economic growth, government policy, aggregate productivity, growth model, Europe

Suggested Citation

Lee, Jung Wan and Becker, Kip, Causal Relationship between Information Communications Technology and Economic Growth in European Countries (October 15, 2012). Journal of Euromarketing, Vol.21, No. 1, pp. 25-36, 2012. Available at SSRN: https://ssrn.com/abstract=2690493

Jung Wan Lee (Contact Author)

Boston University - Department of Administrative Sciences ( email )

808 Commonwealth Avenue
Boston, MA 02215
United States
617 358 5627 (Phone)
617 353 6840 (Fax)

HOME PAGE: http://www.bu.edu/met

Kip Becker

Boston University - Department of Administrative Sciences ( email )

United States

Register to save articles to
your library

Register

Paper statistics

Downloads
4
Abstract Views
100
PlumX Metrics