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The Relationship Between Information And Communication Technology, Financial Development, Electricity Consumption And Economic Growth In Oecd Countries: A Panel Investigation, Olawumi Osundina

Andrews Research Conference

This study attempts to investigate the dynamic relationship between information and communication technology (ICT), electricity consumption (EC), real gross domestic product per capita (GDPC) and financial development (FD) for selected sixteen OECD countries in a balanced framework between the periods of 1990 and 2014. This paper employs relatively new panel estimation techniques that accounts for heterogeneity and cross-sectional dependency in order to enable robust estimates and avoid spurious analysis. Empirical evidences reveal that there is cross-sectional dependency among the countries investigated as shown by Pesaran (2004). Thus, this current study proceeds to second generation panel econometrics techniques for reliable and …