ICTs and economic performance nexus: meta-analysis evidence from country-specific data

Abstract

Abstract The study explores the dynamic and complex nexus between ICTs and economic performance by applying a meta-analysis with data from 65 typical studies at the country level. The overwhelmingly significant positive effects of ICTs on economic performance are confirmed through the vote count, funnel plot, precision-effect test, and meta-regression analysis. Additionally, differential influences of ICTs on developed and developing countries are investigated. Overall, developed countries gain more benefits from ICTs, while mobile technology tends to have more potential for economic growth. Moreover, the sample size and time period the data covered affect the ICTs—economic performance effect. In contrast, the type of data does not appear to significantly influence this effect. To better understand the impacts of ICTs, the continued skepticism and periodical revisit of this topic are required. The survey provides an updated and comprehensive examination of the state of the literature and also points out that although the generally favorable influences of ICTs are emphasized, the detrimental effects of ICTs on economic performance, especially for developing countries, cannot be ignored. With insights from this review, the study suggests directions for future research.