TABLE OF CONTENTS
Title Page i
Certification ii Dedication iii
Acknowledgement iv
Table of Contents v
Abstract vi
CHAPTER ONE
1.0 Introduction 1
1.1 Background to the Study 1
1.2 Statement of the Problem 4
1.3 Research Questions 5
1.4 Objectives of the Study 5
1.5 Research Hypothesis 5
1.6 Justification to the Study 5
1.7 Outline of the Study 6
CHAPTER TWO: Literature Review
2.0 Introduction 7
2.2.1 The concept of Information and Communication Technology 7
2.3 Theoretical Framework 8
2.3.1 Theory of Economic Growth 9
2.3.2 Robert Solow Theory of Growth 10
2.3.3 Paul Romer Theory of Economic Growth 10
2.3.4 The Impact of ICT on Sustainable Socio-Economic Growth 12
2.3.5 Impact of Information and Communication Technology 13
2.3.6 Vocational Opportunities in ICT 13
2.3.7 Economic Benefits of ICT Policies 14
2.4 The Relationship 14
2.4.1 Social Benefit of ICT Policy 15
2.5 Empirical Review 16
CHAPTER TWO: Research Methodology
3.1 Introduction 18
3.2 Model Specification 18
3.3 Model Estimation 19
3.4 Model Evaluation 19
3.4.1 Apriori Criteria 19
3.4.2 Econometrics Criteria 19
3.4.2.1 Coefficient of determination (R2) 20
3.4.2.2 Adjusted R2 20
3.4.2.3 F-statistics test 20
3.4.2.4 Durbin Watson Test 20
3.4.3 Statistical Criteria (First Order Test) 20
3.5 Sources of Data 21
CHAPTER FOUR: Presentation and Analysis of Results
4.1 Introduction 22
4.2 Presentation of results 22
4.3 Interpretation and Discussion of Results 23
4.3 The R-squared 24
4.4 Adjusted R-squared 24
4.5 The F-statistic 24
4.6 The Durbin-Watson 24
CHAPTER FIVE: Summary, Conclusion and Recommendations
5.1 Summary 25
5.2 Conclusions 25
5.3 Recommendations 26
Appendix 1 27
References 28
Abstract
In recent years, progress in information and communication technology (ICT) has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in development of each economic sector, especially during liberalization process. Growth economists predict that economic growth is driven by investments in ICT. This paper examines the impact of Information and Communication Technology (ICT) use on economic growth using the ordinary least square estimator within the framework of a dynamic panel data approach and applies it to 159 countries over the period 1981 to 2015. The results indicate that there is a positive relationship between growth rate of real GDP per capita and ICT use index (as measured major household consumption government expenditure on telecom exchange rate and investment in telecommunication). I Have found a positive relationship between ICT and ecomic growth This implies that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate ICT use.
MUHAMMAD, J (2022). The Impact of Information and Communication Technology on the Economic Growth in Nigeria. Afribary. Retrieved from https://tracking.afribary.com/works/the-impact-of-information-and-communication-technology-on-the-economic-growth-in-nigeria
MUHAMMAD, JIBRIL "The Impact of Information and Communication Technology on the Economic Growth in Nigeria" Afribary. Afribary, 07 Jan. 2022, https://tracking.afribary.com/works/the-impact-of-information-and-communication-technology-on-the-economic-growth-in-nigeria. Accessed 09 Nov. 2024.
MUHAMMAD, JIBRIL . "The Impact of Information and Communication Technology on the Economic Growth in Nigeria". Afribary, Afribary, 07 Jan. 2022. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/the-impact-of-information-and-communication-technology-on-the-economic-growth-in-nigeria >.
MUHAMMAD, JIBRIL . "The Impact of Information and Communication Technology on the Economic Growth in Nigeria" Afribary (2022). Accessed November 09, 2024. https://tracking.afribary.com/works/the-impact-of-information-and-communication-technology-on-the-economic-growth-in-nigeria