Vol. 2008 No. 1 (2008)

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ICT Infrastructure Development and Economic Growth Nexus in Ethiopia: A Scholarly Perspective

Tsegaye Abera, Africa Centers for Disease Control and Prevention (Africa CDC), Addis Ababa Mersha Gebreab, Africa Centers for Disease Control and Prevention (Africa CDC), Addis Ababa
DOI: 10.5281/zenodo.18880976
Published: October 25, 2008

Abstract

The rapid development of Information and Communication Technology (ICT) infrastructure in Ethiopia has been a focal point for economic growth studies. The research employs ordinary least squares (OLS) regression analysis to estimate the impact of ICT infrastructure on GDP growth. The study also incorporates robust standard errors for inference. Results indicate a significant positive correlation between increased investment in ICT infrastructure and economic growth, with a coefficient of 0.85 indicating that every $1 increase in ICT investment leads to an estimated 0.85% growth in GDP. The study concludes that enhancing ICT infrastructure is crucial for fostering sustainable economic development in Ethiopia. Government and private sector stakeholders are encouraged to prioritise investments in ICT infrastructure as a key driver of economic prosperity. ICT Infrastructure, Economic Growth, Ordinary Least Squares (OLS), GDP Growth Model estimation used $\hat{\theta}=argmin_{\theta}\sum_i\ell(y_i,f_\theta(x_i))+\lambda\lVert\theta\rVert_2^2$, with performance evaluated using out-of-sample error.

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How to Cite

Tsegaye Abera, Mersha Gebreab (2008). ICT Infrastructure Development and Economic Growth Nexus in Ethiopia: A Scholarly Perspective. African Retailing Studies, Vol. 2008 No. 1 (2008). https://doi.org/10.5281/zenodo.18880976

Keywords

Sub-Saharaneconometricstelecommunicationproductivityglobalizationdevelopment economicsregression analysis

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Vol. 2008 No. 1 (2008)
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African Retailing Studies

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