Theoretical and Applied Economics
No. 3 / 2018 (616), Autumn
Causal relationship between internet use and economic development for selected Central Asian economies
Kyrgyzstan-Turkey Manas University, Bishkek, Kyrgzstan
Sakarya University, Sakarya, Turkey
Hasmet GOKIRMAK
Istanbul Sabahattin Zaim University, Istanbul, Turkey
Abstract. The aim of this study is to examine the effects of information and communications technology (ICT) on economic development of several Central Asian countries. Dumitrescu and Hurlin (DH) panel causality test has been used for the relationship between ICT and economic development. The DH test results indicate that a unidirectional causality exists from GDP per capital to Inter-net use. These results suggest that an increase in GDP per capita can stimulate internet use. In addition, the cross-sectional dependence is examined using LM test of Breusch and Pagan and CD-LM and CD test of Pesaran. The results suggest that the null-hypothesis, no crosssectional dependence exists among countries, is rejected for all the tests, suggesting an economic shock in a one country may have spillover effects on other countries.
Contents
Private brand – differentiating concept and source of stimulation of the Romanian retail trade
Macroeconomic determinants of the labour share of income: Evidence from OECD economies
Analysis of the investments made on the Romanian capital market by the privately managed pension funds – Pillar II
Exchange rate pass-through to macroeconomic indicators using Vector Auto Regression: Empirical evidence from Pakistan
Analysis of the educational activity in Romania
Macroeconomic variables and stock prices in emerging economies: A panel analysis
Consumerism and exclusion in a throw-away culture
The effects of microeconomic factors on the stock market: A panel for the stock exchange in Istanbul ARDL analysis
Return, shock and volatility spillovers between the bond markets of Turkey and developed countries
Causal relationship between internet use and economic development for selected Central Asian economies
Financial sector development and the poor in developing countries: revisiting the access to finance channel
Impact of unbalanced economic growth to dynamic trade specialization
Base erosion and profit shifting in multinational corporations