Accounting for telecommunications contribution to economic growth: A study of Small Pacific Island States
Telecommunications and growth nexus in the Small Pacific Island States is explored. Augmented Solow framework, ARDL and causality procedures are used. Telecommunications elasticity is 0.33% in the short-run and 0.43% in the long-run. Bidirectional causation between capital stock and output is noted. Telecommunications cause output and capital productivity, respectively.
telecommunications economic growth small pacific island states causality ardl bounds approach