The impact of information communication technology (ICT) on economic growth: A case for South Africa

Abstract

This paper investigates the impact of Information Communication Technology on economic growth in South Africa. The study intends to establish correlation in a developing country such as South Africa where the existence of such a relationship has not been distinctly determined. The model is estimated by using the cointegration and causality analysis and the interrelationships among the variables will be captured by employing the Johansen Cointegration method. The Generalized Impulse Response Function is also introduced to further explore the dynamic relationship among the variables. The results exhibit the incidence of a positive association between Information Communication Technology and economic growth.