Does IT Matter (Now)? A Global Panel Data Analysis of 7 Regions from 2018-2020 on Digitalization and its Impact on Economic Growth

• URL: http://arxiv.org/abs/2212.03071v1
• Date: Sun, 4 Dec 2022 22:33:55 GMT
• Title: Does IT Matter (Now)? A Global Panel Data Analysis of 7 Regions from 2018-2020 on Digitalization and its Impact on Economic Growth
• Authors: Mahikala Niranga, Darshana Sedera and Golam Sorwar
• Abstract summary: This paper aims to explore the economic growth-digitalization nexus of 59 countries in 7 regions by employing correlation and regression analyses. The findings indicate a positive relationship between economic growth and digitalization for both HIGH and LOW digitalized country categorization and regional assessment.
• Score: 0.0
• License: http://creativecommons.org/licenses/by/4.0/
• Abstract: There has been a long-running debate in Information Technology (IT) and economics literature about the contrary arguments of IT concerning digitalization and the economic growth of nations. While many empirical studies have shown a significant value of IT, others revealed a detrimental impact. Given the ambiguous results and anecdotal commentary on the increase in digitalization attributed to the COVID19 global pandemic, this paper aims to explore the economic growth-digitalization nexus of 59 countries in 7 regions by employing correlation and regression analyses over the period 2018-2020. The findings indicate a positive relationship between economic growth and digitalization for both HIGH and LOW digitalized country categorization and regional assessment. Consistent with regional results, except for Northern Africa and Western Asia, and Sub-Saharan Africa regions, the remaining regions show a positive correlation and regression results. The findings of this study can be helpful in future prospective national IT and economic development policies.

Related papers

• IT Enabling Factors in a new Industry Design: Open Banking and Digital Economy [44.99833362998488]
  New IT demands and uses have been leading to changes in business processes and corporate governance. The financial industry has adopted a new integrated banking model known as Open Banking. The advent of cryptocurrencies has led to the Digital Economy (DE) materialization.
  arXiv  Detail & Related papers  (2024-05-17T10:07:41Z)
• Machine learning and economic forecasting: the role of international trade networks [0.0]
  This study examines the effects of de-globalization trends on international trade networks and their role in improving forecasts for economic growth. Using section-level trade data from nearly 200 countries from 2010 to 2022, we identify significant shifts in the network topology driven by rising trade policy uncertainty. We find that network descriptors evaluated from section-specific trade networks substantially enhance the quality of a country's GDP growth forecast.
  arXiv  Detail & Related papers  (2024-04-11T21:04:56Z)
• Climate Change Impact on Agricultural Land Suitability: An Interpretable Machine Learning-Based Eurasia Case Study [94.07737890568644]
  As of 2021, approximately 828 million people worldwide are experiencing hunger and malnutrition. Climate change significantly impacts agricultural land suitability, potentially leading to severe food shortages. Our study focuses on Central Eurasia, a region burdened with economic and social challenges.
  arXiv  Detail & Related papers  (2023-10-24T15:15:28Z)
• The South African Software Industry as a Key Component of Economic Development: Pipedream or Possibility [0.0]
  This paper examines the crucial role that ICT has played and is still playing in the South African economy growth. It makes use of the framework used by Heavin et al. (2003) to investigate the Irish software industry.
  arXiv  Detail & Related papers  (2023-07-15T22:31:18Z)
• Long-term Effects of Temperature Variations on Economic Growth: A Machine Learning Approach [11.668836291461107]
  We analyze global land surface temperature data from Berkeley Earth and economic indicators, including GDP and population data, from the World Bank. Our analysis reveals a significant relationship between average temperature and GDP growth, suggesting that climate variations can substantially impact economic performance.
  arXiv  Detail & Related papers  (2023-06-17T16:50:08Z)
• Summary of ChatGPT-Related Research and Perspective Towards the Future of Large Language Models [40.557611946967086]
  This paper presents a survey of ChatGPT-related (GPT-3.5 and GPT-4) research, state-of-the-art large language models (LLM) from the GPT series, and their prospective applications across diverse domains. We performed an in-depth analysis of 194 relevant papers on arXiv, encompassing trend analysis, word cloud representation, and distribution analysis across various application domains.
  arXiv  Detail & Related papers  (2023-04-04T15:01:06Z)
• Investigating Participation Mechanisms in EU Code Week [68.8204255655161]
  Digital competence (DC) is a broad set of skills, attitudes, and knowledge for confident, critical and use of digital technologies. The aim of the manuscript is to offer a detailed and comprehensive statistical description of Code Week's participation in the EU Member States.
  arXiv  Detail & Related papers  (2022-05-29T19:16:03Z)
• Jalisco's multiclass land cover analysis and classification using a novel lightweight convnet with real-world multispectral and relief data [51.715517570634994]
  We present our novel lightweight (only 89k parameters) Convolution Neural Network (ConvNet) to make LC classification and analysis. In this work, we combine three real-world open data sources to obtain 13 channels. Our embedded analysis anticipates the limited performance in some classes and gives us the opportunity to group the most similar.
  arXiv  Detail & Related papers  (2022-01-26T14:58:51Z)
• Impact of digital economic activity on regional economic growth: A Case study from northern Minas Gerais between 2009 To 2018 [0.0]
  This study identified specialized knowledge, human settlement, and digital economic activity as the factors that influence regional economic growth. It showed that municipalities with high degrees of economic growth were impacted by digital economic activity and specialized knowledge.
  arXiv  Detail & Related papers  (2021-05-06T17:39:48Z)
• Convergence and Inequality in Research Globalization [6.267366754791155]
  The catch-up effect and the Matthew effect offer opposing characterizations of globalization. We conduct an in-depth study based on scholarly and patent publications covering STEM research from 218 countries/regions over the past four decades.
  arXiv  Detail & Related papers  (2021-03-02T22:04:24Z)
• Exploring Spatio-Temporal and Cross-Type Correlations for Crime Prediction [48.1813701535167]
  We perform crime prediction exploiting the cross-type and-temporal correlations of urban crimes. We propose a coherent framework to mathematically model these correlations for crime prediction. Further experiments have been conducted to understand the importance of different correlations in crime prediction.
  arXiv  Detail & Related papers  (2020-01-20T00:34:53Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.