Role of Information and Communication Technologies (ICT) on Growth of Agriculture Sector: A case study of OPEC countries
Subject Areas : Agricultural Economics ResearchSomayeh Khanjari Sadati 1 , Fatemeh Fathi 2 *
1 - Agricultural economics
2 -
Keywords: Information and communication technology, Value added of the agricultural sector, OPEC countries, generalized method of moments (GMM),
Abstract :
Introduction: Information and Communication Technology (ICT), as an information-providing infrastructure tool, represents a significant opportunity for the development of the agricultural sector. Information in agriculture is not only considered one of the most critical inputs and assets but also the most effective factor in improving the productivity of production resources.
Materials and Methods: This study investigates the impact of ICT on the value added of the agricultural sector in selected OPEC countries from 2007 - 2021, using a dynamic panel data model with the Generalized Method of Moments (GMM) approach.
Findings: The results show that ICT has a positive and significant impact on the value added to the agricultural sector. A 1% increase in the ICT index leads to a 0.168% increase in the value added to the agricultural sector.
Conclusion: To develop the agricultural sector and reduce dependence on oil revenues in the studied countries, it is suggested to strengthen information infrastructure (creation and expansion of networks, telecommunications services, transmission technologies, access, and supply), encourage private sector investment in ICT, and increase farmers' awareness and knowledge of ICT.
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