The aim of the study was to understand long run co-integrating and causal relationship between th... more The aim of the study was to understand long run co-integrating and causal relationship between the real GDP per capita and ICT penetration, and to benchmark it against the country ranking presented by the Network Readiness Index (NRI). To achieve this, data for mobile, fixed and internet connections per 100 people is taken from World Bank for 144 countries which are selected through NRI. The sum of connections is defined as the ICT penetration, whereas the second variable real GDP per capita is taken from World Bank Database. Panel unit root tests are performed to assess level of integration between the variables. To find the cointegration relationship, a panel error correction model is used. Dynamic fixed effect model is used with a system GMM estimator to test for instruments and endogeneity, whereas Wald Tests provide information on causal relationship between the variables. The data set is divided into six panels; five based on rankings from NRI and one panel representing the co...
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Papers by Bilal Shahid