The Effect of Information and Communication Technology (ICT) on Inflation in the Selected Countries

Abstract

In this article, the effect of Information and Communication Technology (ICT) on the selected countries has been studied. So, at first the theoretical basics & ICT channels affecting inflation have been identified; then by using panel data in time periods of 1998-2005, the effect of ICT on inflation in the selected countries has been studied. The results have showed that the effect of ICT on inflation in the selected countries was largely negative & meaningful (at least with 90 percent of certainty) in the range of -4.64 to -1.56, while the effect of ICT on inflation was different during the time period.

Keywords

• information & communication technology (ict)
• selected countries
• inflation