Abstract
The relevance of information and communication technology to long-lasting human improvement cannot be disregarded in this modern world. From this perspective, this study analyzed the association between information and communication technologies, renewable energy, economic growth, and human development indices considering CO2 emissions and remittances from 1990 to 2017 in 30 developing countries by using the panel vector autoregressive (PVAR) model. The findings of the empirical investigation point to the considerable favorable relationship between information and communication technology, renewable energy, and economic growth with the human development index. The causality results suggest that there is bidirectional causality between renewable energy and the human development index. In addition, there is unidirectional causality from human development to information and communication technology. However, the study recommends implementing information and communication technology-related policies to trigger renewable energy for sustainable growth and the human development index.
Highlights
Technological development is commonly known as the main driver in the socioeconomic development of the economies
The developing countries referred to in this study are characterized by high economic growth, and this upward trend in economic growth is strongly related to the burning of fossil fuels, which results in an increase in carbon dioxide emissions (CO2) emissions in these selected economies (Zafar et al, 2019)
We investigated that economic expansion has a large positive impact on the human development index, and an increase in gross domestic product (GDP) will accelerate human development
Summary
Technological development is commonly known as the main driver in the socioeconomic development of the economies. Enhanced technological advancement for information and communication technologies (ICTs) has been the primary transformer for development procedures (World Bank 2017). ICT has modernized societies worldwide and contributes almost in all undertakings of human life, such as energy, promoting economic growth, and improved development processes (Toader et al, 2018; Khan and Ju, 2019). Significant development of ICT has encouraged many researchers to investigate its importance, improvement of organizational effectiveness, and human development practices (Tyworth 2014). ICT plays a vital role in plummeting poverty by crafting new income sources and new employment opportunities and by dropping the expense of needy individuals’ admittance to well-being and instruction services (OECD 2010)
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