Abstract
In the current era, digital technology cannot be overlooked in higher education and other economic factors. Digital technology introduces scopes that expedite blended, e-learning, and online in higher education; suggests a multiple of ways to communicate, learn, correspond, cooperate, and collaborate. Also, digital technology has been more and more widely used in higher education for the continuous development of the economy. This study replicates on the growing importance of digital technology on higher education in Bangladesh over the period 1988-2018. Besides, the study exploits the Johansen cointegration and vector error correction model (VECM) for investigating the positive relationship between digital technology and higher education. The Johansen's cointegration outcomes ascertain that digital technology, higher education, and gross domestic product are cointegrated in the long-run. Furthermore, the VECM outcomes suggest that digital technology can stimulate higher education in both the long run and short run, where learners, educators, and nations are consistently gainer of this country. The study also highlights that higher education consistently contributes to gross domestic product. This research would do twisting up higher education in the kind of digital technology that effectively contributes to educational institutions and countries to remain long-term response. Bangladesh must be beneficial by growing technological development in higher education. For the rapid changes in higher education, the research is advocated that the successful execution of digital technology needs to concentrate on interconnecting structures for transformation: the educator, the educational institutions, and the policymakers. Consequently, public policies would make educational changes in practicing the digital technology of Bangladesh
Highlights
In the modernization of socio-economies, digital technology has directed as a critical role in higher education in economic development (Baliamoune-Lutz, 2003; Chacko, 2005; Kottemann & Boyer-Wright, 2009; Unwin, 2019)
This research would do twisting up higher education in the kind of digital technology that effectively contributes to educational institutions and countries to remain long-term response
Bangladesh must be beneficial by growing technological development in higher education
Summary
In the modernization of socio-economies, digital technology has directed as a critical role in higher education in economic development (Baliamoune-Lutz, 2003; Chacko, 2005; Kottemann & Boyer-Wright, 2009; Unwin, 2019). Digital technology has prejudiced higher education, and it has changed people's daily life from all perspectives. Education is an influential interest in social, institutional, and economic change for every nation, where education trains a lot of talents through digital technology. Digital technology stimulates economic development and provides a substantial contribution to education. The rapid growth of the economy makes people clearly understand that technology provides a significant role in promoting higher education in economic development. The developing economies are achieving dynamic growth by advanced technology and higher education over the past few decades (World Bank, 2019)
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