ICT, Financial Inclusion, And Growth: Evidence From African Countries
This paper studies the impact of Information and Communication Technologies (ICT), especially mobile phone rollout, on economic growth in a sample of African countries from 1988 to 2007. Further, the authors investigate whether financial inclusion is one of the channels through which mobile phone development influences economic growth. In estimating the impact of ICT on economic growth, they use a wide range of ICT indicators, including mobile and fixed telephone penetration rates and the cost of local calls. They address any endogeneity issues by using the System Generalized Method of Moment (GMM) estimator.