The effect of ICT on energy consumption and economic growth in South Asian economies: An empirical analysis

•We analyze the effects of ICT on economic performance and energy consumption of selected South Asian economies.•In the long-run, ICT significantly and positively contributed to the economic growth of India only.•India is the only country in South Asia that has achieved energy efficiency as a result...

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Veröffentlicht in:	Telematics and informatics Jg. 58; S. 101537
Hauptverfasser:	Usman, Ahmed, Ozturk, Ilhan, Hassan, Ali, Maria Zafar, Syeda, Ullah, Sana
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Oxford Elsevier Ltd 01.05.2021 Elsevier Science Ltd
Schlagworte:	ARDL Communications technology Economic analysis Economic conditions Economic development Economic growth Economic performance Empirical analysis Energy conservation Energy consumption Energy efficiency Energy policy Error correction GDP Gross Domestic Product ICT Information technology Regional development South Asia Pakistan India South Asia Energy consumption ICT Economic growth ARDL South Asia
ISSN:	0736-5853, 1879-324X
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Abstract	•We analyze the effects of ICT on economic performance and energy consumption of selected South Asian economies.•In the long-run, ICT significantly and positively contributed to the economic growth of India only.•India is the only country in South Asia that has achieved energy efficiency as a result of increased use of ICT.•GDP per capita has a positive and significant impact on energy consumption in both Pakistan and India.•South Asian economies try to follow their regional partner, India. This study contributes to the literature by analyzing the effects of information and communication technology (ICT) on economic performance and energy consumption of selected South Asian economies i.e. Bangladesh, India, Pakistan and Sri Lanka for the period of 1990–2018. For empirical analysis, we employed the bounds testing approach of cointegration and error correction modelling. The findings of the study confirm that, in the long-run, ICT significantly and positively contributed to the economic growth of India only. Similarly, India is the only country in South Asia that has achieved energy efficiency as a result of increased use of ICT. However, energy consumption proved to be an important determinant of GDP per capita in India and Pakistan. Also, GDP per capita has a positive and significant impact on energy consumption in both India and Pakistan. These results imply that South Asian economies try to follow their regional partner, India, in increasing the role of ICT in their economies, which on one side will boost their economic growth and on the other side will help them in achieving energy efficiency. Moreover, the energy conservation policy could prove detrimental to South Asian economies.
AbstractList	•We analyze the effects of ICT on economic performance and energy consumption of selected South Asian economies.•In the long-run, ICT significantly and positively contributed to the economic growth of India only.•India is the only country in South Asia that has achieved energy efficiency as a result of increased use of ICT.•GDP per capita has a positive and significant impact on energy consumption in both Pakistan and India.•South Asian economies try to follow their regional partner, India. This study contributes to the literature by analyzing the effects of information and communication technology (ICT) on economic performance and energy consumption of selected South Asian economies i.e. Bangladesh, India, Pakistan and Sri Lanka for the period of 1990–2018. For empirical analysis, we employed the bounds testing approach of cointegration and error correction modelling. The findings of the study confirm that, in the long-run, ICT significantly and positively contributed to the economic growth of India only. Similarly, India is the only country in South Asia that has achieved energy efficiency as a result of increased use of ICT. However, energy consumption proved to be an important determinant of GDP per capita in India and Pakistan. Also, GDP per capita has a positive and significant impact on energy consumption in both India and Pakistan. These results imply that South Asian economies try to follow their regional partner, India, in increasing the role of ICT in their economies, which on one side will boost their economic growth and on the other side will help them in achieving energy efficiency. Moreover, the energy conservation policy could prove detrimental to South Asian economies. This study contributes to the literature by analyzing the effects of information and communication technology (ICT) on economic performance and energy consumption of selected South Asian economies i.e. Bangladesh, India, Pakistan and Sri Lanka for the period of 1990–2018. For empirical analysis, we employed the bounds testing approach of cointegration and error correction modelling. The findings of the study confirm that, in the long-run, ICT significantly and positively contributed to the economic growth of India only. Similarly, India is the only country in South Asia that has achieved energy efficiency as a result of increased use of ICT. However, energy consumption proved to be an important determinant of GDP per capita in India and Pakistan. Also, GDP per capita has a positive and significant impact on energy consumption in both India and Pakistan. These results imply that South Asian economies try to follow their regional partner, India, in increasing the role of ICT in their economies, which on one side will boost their economic growth and on the other side will help them in achieving energy efficiency. Moreover, the energy conservation policy could prove detrimental to South Asian economies.
ArticleNumber	101537
Author	Ullah, Sana Usman, Ahmed Maria Zafar, Syeda Ozturk, Ilhan Hassan, Ali
Author_xml	– sequence: 1 givenname: Ahmed surname: Usman fullname: Usman, Ahmed organization: Department of Economics, Government College University Faisalabad, Pakistan – sequence: 2 givenname: Ilhan surname: Ozturk fullname: Ozturk, Ilhan email: ilhanozturk@cag.edu.tr organization: Faculty of Economics and Administrative Sciences, Cag University, 33800 Mersin, Turkey – sequence: 3 givenname: Ali surname: Hassan fullname: Hassan, Ali organization: Department of Media Studies, Islamia University Bahawalpur, Pakistan – sequence: 4 givenname: Syeda surname: Maria Zafar fullname: Maria Zafar, Syeda organization: Institute of Geographical Information System, School of Civil & Environmental Engineering, NUST Islamabad, Pakistan – sequence: 5 givenname: Sana surname: Ullah fullname: Ullah, Sana organization: School of Economics, Quaid-i-Azam University, Islamabad, Pakistan
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Snippet	•We analyze the effects of ICT on economic performance and energy consumption of selected South Asian economies.•In the long-run, ICT significantly and... This study contributes to the literature by analyzing the effects of information and communication technology (ICT) on economic performance and energy...
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SubjectTerms	ARDL Communications technology Economic analysis Economic conditions Economic development Economic growth Economic performance Empirical analysis Energy conservation Energy consumption Energy efficiency Energy policy Error correction GDP Gross Domestic Product ICT Information technology Regional development South Asia
Title	The effect of ICT on energy consumption and economic growth in South Asian economies: An empirical analysis
URI	https://dx.doi.org/10.1016/j.tele.2020.101537 https://www.proquest.com/docview/2502228844
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