The dynamics of information and communications technologies infrastructure, economic growth, and financial development: Evidence from Asian countries

Abstract

This paper investigates causal relationships between information and communications technologies (ICT) infrastructure, financial development, and economic growth in Asian countries over the twelve-year period 2001–2012. Using panel cointegration techniques, our empirical results show these variables are cointegrated, with a myriad of short-run and long-run causal links between ICT infrastructure and economic growth, between financial development and economic growth, and between ICT infrastructure and financial development.