https://orcid.org/0000-0003-2631-9047
![Sample our Information Science journals, sign in here to start your FREE access for 14 days]({"type":"image" , "src" : "/sda/5940/TOC-Subject-Sample-2021-Communication-Studies.jpg"})
ABSTRACT
This paper examines the relationship between ICT, urbanization, and economic development. The context of the analysis is the Organization of Islamic Countries from 1997 to 2019. We develop an original empirical approach based on principal component analysis to generate ICT index. To mitigate any endogenous issue, we utilize the instrumental variable generalized method of moments. Further, we use pooled mean group estimation to check the short-run and long-run relationships between the variables. Our results have two significant implications. First, we demonstrate the favorable influence of ICT on economic growth in OIC nations in both the short and long term. Second, both urbanization and economic growth have a clear and substantial impact in the short and long term. Finally, our analysis supports the feedback hypothesis between ICT and economic growth. These novel empirical findings will help policymakers design ICT development policies to fulfill sustainable economic development in OIC countries.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Additional information
Notes on contributors
Muhammad Noshab Hussain
Muhammad Noshab Hussain is a research scholar in the School of Economics and Finance at Xian Jiaotong University, China. His areas of interest are macroeconomics, transportation economics, tourism, information and communication technology, energy, and environment.
Zaiyang Li
Zaiyang Li is an assistant professor in the School of Economics and Finance at Xian Jiaotong University, China. His area of interest is macroeconomics, infrastructure development, tourism, and energy economics.
Shaohua Yang
Shaohua Yang is an associate professor and vice director of the Teaching Superintendence Center of the School of Economics and Finance at Xian Jiaotong University, China. Her areas of interest are macroeconomics, international business negotiations, organizational behavior, and world economic geography.
Mouna Benabdejelil
Mouna Benabdejelil is a professor at the High Commercial Studies Institute, University of Sousse, Tunisia. His areas of interest are fintech, energy economics, and macroeconomics.