Examining the short-term and long-term impact of ICT on economic complexity in the group of middle-income countries (VAR panel approach)
Subject Areas :
Ashkan Rahimzadeh
1
(Assistant professor , Faculty of Economics , Zanjan Azad University)
Keywords: VAR panel, ICT imports, economic complexity.,
Abstract :
The main goal of the research is to investigate the impact of ICT on economic complexity in the group of middle-income countries. The selected countries of this survey include Iran, Turkey, Azerbaijan, Malaysia, Mexico, Russia, Kazakhstan, Bulgaria and Belarus. The time frame studied in this research is 2014-2021. According to the criteria of Levin, Lin and Chu, the variables of the research are at the static level. According to the Schwartz Bayesian criterion (SBC), the optimal lag is one. The results of the estimation of the model based on the vector autoregression test (VAR) show that economic complexity in the short term is positively affected by itself with a lag and the import of information and communication technology (at an error level of 8%). The results show that with a one percent increase in Internet users and ICT imports, the level of economic complexity increases by 0.258 and 0.271 percent, respectively. In the reaction analysis, the impact of the ICT goods import shock on the economic complexity is positive in all years. The shock effect of internet users does not show a positive and significant trend in all years.
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