Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach

In this paper, we investigate the effects of information and communication technology (ICT) on economic growth and energy consumption for a panel of 27 countries ranked top of the ICT Development Index, from 1990 to 2019. By employing the panel nonlinear autoregressive distributed lag (NARDL) model...

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Tác giả chính:	Walid Bakry
Đồng tác giả:	Xuan-Hoa Nghiem
Định dạng:	Journal Article
Ngôn ngữ:	English
Thông tin xuất bản:	Elsevier 2023
Chủ đề:	ICT Economic growth Energy consumption NARDL Asymmetric effects
Truy cập trực tuyến:	https://digital.lib.ueh.edu.vn/handle/UEH/70195 https://doi.org/10.1016/j.eap.2023.03.026
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spelling	oai:localhost:UEH-701952023-11-29T08:44:37Z Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach Walid Bakry Xuan-Hoa Nghiem Sherine Farouk Xuan Vinh Vo ICT Economic growth Energy consumption NARDL Asymmetric effects In this paper, we investigate the effects of information and communication technology (ICT) on economic growth and energy consumption for a panel of 27 countries ranked top of the ICT Development Index, from 1990 to 2019. By employing the panel nonlinear autoregressive distributed lag (NARDL) model approach, we confirm the presence of a long-run asymmetric effect of ICT on economic growth and energy consumption. Specifically, negative changes (reduction) in the adoption and usage of ICT can have severe consequences on economic growth in these 27 countries in the long-run, erasing all previous gains from positive ICT changes. Additionally, positive or negative shocks to ICT in these countries increase energy consumption, indicating the rebound effect exists in these countries. Finally, the results also reveal that, while the economic growth in these countries is dependent on energy consumption in the short-run, it is energy independent in the long-run. Several important policy implications are drawn. 2023-11-29T08:44:37Z 2023-11-29T08:44:37Z 2023 Journal Article 0313-5926 https://digital.lib.ueh.edu.vn/handle/UEH/70195 https://doi.org/10.1016/j.eap.2023.03.026 en ECONOMIC ANALYSIS AND POLICY Vol. 78 none Portable Document Format (PDF) 597 617 Elsevier
institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
language	English
topic	ICT Economic growth Energy consumption NARDL Asymmetric effects
spellingShingle	ICT Economic growth Energy consumption NARDL Asymmetric effects Walid Bakry Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
description	In this paper, we investigate the effects of information and communication technology (ICT) on economic growth and energy consumption for a panel of 27 countries ranked top of the ICT Development Index, from 1990 to 2019. By employing the panel nonlinear autoregressive distributed lag (NARDL) model approach, we confirm the presence of a long-run asymmetric effect of ICT on economic growth and energy consumption. Specifically, negative changes (reduction) in the adoption and usage of ICT can have severe consequences on economic growth in these 27 countries in the long-run, erasing all previous gains from positive ICT changes. Additionally, positive or negative shocks to ICT in these countries increase energy consumption, indicating the rebound effect exists in these countries. Finally, the results also reveal that, while the economic growth in these countries is dependent on energy consumption in the short-run, it is energy independent in the long-run. Several important policy implications are drawn.
author2	Xuan-Hoa Nghiem
author_facet	Xuan-Hoa Nghiem Walid Bakry
format	Journal Article
author	Walid Bakry
author_sort	Walid Bakry
title	Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
title_short	Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
title_full	Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
title_fullStr	Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
title_full_unstemmed	Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach
title_sort	does it hurt or help? revisiting the effects of ict on economic growth and energy consumption: a nonlinear panel ardl approach
publisher	Elsevier
publishDate	2023
url	https://digital.lib.ueh.edu.vn/handle/UEH/70195 https://doi.org/10.1016/j.eap.2023.03.026
work_keys_str_mv	AT walidbakry doesithurtorhelprevisitingtheeffectsofictoneconomicgrowthandenergyconsumptionanonlinearpanelardlapproach
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Does it hurt or help? Revisiting the effects of ICT on economic growth and energy consumption: A nonlinear panel ARDL approach

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