A Comparative Study on the Impact of Telecommunication Investment on Economic Growth in EU Vis-à-vis Non-EU OECD Countries: A Dynamic Panel Data Analysis

Main Article Content

Hakan Oztunc
Erkan Demirbas
Mehmet Orhan

Abstract

This study aims to comparatively investigate the effects of telecommunication infrastructure on the economical growth in OECD countries. For this purpose, OECD countries were divided into two groups i.e. European Union (EU) and non-EU OECD countries for the period of 1993-2013. Findings of dynamic panel data model showed that investment on the telecommunication infrastructure has more positive effect on EU OECD countries than non-EU OECD countries. Since telecom appears as the key sector to fuel growth because it is associated with information technology and all ramifications of computer based applications and mobile communication, all countries at all development levels are proposed to focus on investing in these sectors the opposite of which hinders growth.

Keywords:
Telecommunication, privatization, economic growth, dynamic panel data, European Union.6

Article Details

How to Cite
Oztunc, H., Demirbas, E., & Orhan, M. (2019). A Comparative Study on the Impact of Telecommunication Investment on Economic Growth in EU Vis-à-vis Non-EU OECD Countries: A Dynamic Panel Data Analysis. Asian Journal of Economics, Business and Accounting, 12(3), 1-16. https://doi.org/10.9734/ajeba/2019/v12i330152
Section
Original Research Article

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