ICT, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN BRICS COUNTRIES

  • Arif Hussian Associate Professor, Institute of Business Studies and Leadership, Abdul Wali Khan University Mardan
  • Dr. Muhammad Nisar Khan Assistant Professor, Department of Management Sciences and Commerce, Bacha Khan University Charsadda.
  • Luqman Luqman PhD scholar, Department of Management Sciences and Commerce, Bacha Khan University Charsada.
  • Qazi Yasir Arafat Department of Shariah and Law, International Islamic University Islamabad
Keywords: ICT, FD, GDP, Quantile Regression, BRICS

Abstract

The development and transformation of advanced technologies are considered vital for maintaining competitive economic growth and to have treasure and capacity of more efficient energy in the region. This has attracted many researchers and policy makers to explore the impact of ICT and other digital technologies to check their contribution in the country’s economic growth and sustainability. In lieu of these connections, the study aims to explore the impact of ICT and financial development on economic growth of BRICS countries. We analyzed the data of these countries from 2000 to 2018. The data was checked for the penal protocol procedures and hypothesis were tasted using Quantile Regression. The outcomes of the study revealed that all dimensions of ICT i.e. ICT-Tel, ICT-Mob and ICT-Net have positive significant effect of the GDP of BRICS countries. The results also highlight the impact of financial development on economic growth and reported positive significant impact of financial development on the economic growth of this region. The results are expected to be very meaningful for the relevant regulatory bodies and specially the economic think tank of these countries.

 

Published
2023-07-09
How to Cite
[1]
A. Hussian, D. M. Khan, L. Luqman, and Q. Arafat, “ICT, FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN BRICS COUNTRIES”, jmr, vol. 8, no. 2, pp. 196-206, Jul. 2023.
Issue
Vol 8 No 2 (2022): Vol 08, Issue 2, April-June 2022
Section
Articles