Asymmetric relationships between information and communication technology (ICT), globalization, and human development in India: evidence from non-linear ARDL analysis
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引用次数: 1
Abstract
The objective of the paper is to examine the asymmetric relationships between ICT, globalization, and human development in India by analysing the annual data from 1991 to 2019 through the non-linear autoregressive distributed lag (NARDL) model. The result shows that positive (negative) change in globalization leads to a decline (increase) in human development in the long run. Further, a positive change in mobile density increases human development in the long run. A decline in internet density has a negative impact on human development in the long run. In the short run, a positive shock in globalization with one lag has a positive impact on human development. Moreover, a previous year positive shock in internet density has a positive effect on human development while the previous 2 years positive shock in internet density has a negative effect on human development in the short run. A negative shock in internet density with lag one has a negative effect on human development while with lag two it has a positive effect on human development. It is also found that the global financial crisis of 2008 has a negative impact on human development. Thus, it is suggested that India has to promote both globalization and ICT judiciously and consciously in order to improve human development.
期刊介绍:
The Journal of Economic Structures is a peer-reviewed international journal that publishes theoretical and empirical articles that apply to a wide range of formal analytical instruments and statistical techniques to explore the structural interdependencies among various activities immanent in the economy. We collect manuscripts dealing with broad issues, covering subjects such as technological innovations and lifestyle changes, trade and commerce, networks, ecology and development, among others, where structural understanding is essential. The journal supports communication among various related disciplines and encourages contributions from regional practitioners. The journal also welcomes proposals for special issues reflecting the trends in structural economics and other related disciplines.