The Role of Digital Investment in Economic Growth in Iraq
1Prof. Dr. Niazi Kammoun, 2Mohammed Abdul Kareem Kamil Shabib
https://doi.org/10.47191/jefms/v6-i11-09
ABSTRACT:
The economic developments on the global economic stage have contributed to a qualitative shift in economic fields. Many advanced economies now rely on modern technology, with digital economy taking the lead in these countries. This necessitates those developing countries in general, including Iraq, follow the lead of advanced economies in developing their capacities in the knowledge economy. This is crucial for sustaining their economic resources as they transition from rentier economies, which depend on a single sector and have revenues linked to the external world, making their economies vulnerable to fluctuations and instability. The research is based on the hypothesis that the emergence of the new digital investment is a result of the evolution of information and communication technology. It affects both those who possess information technology and those who lack it, consequently influencing the Gross Domestic Product (GDP). The aim is to shed light on the characteristics of this new digital investment, and to present and analyze the key outcomes of investing in the digital economy. The focus is on indicators of digital access, as well as measuring the relationship between indicators of investment in the digital economy and economic growth.
KEYWORDS:
Digital Economy, Digital Investment, Information and Communication Technology, Economic Growth.
REFERENCES:
1) Choi, C. and Yi, M. H., “The Effects of the Internet on Economic Growth: Evidence from Cross Country Panel Data, Economic Letters, 2009.
2) Gillett, S., Lehr, W., and Osorio, C., & Sirbu, M. A. Measuring Broadband's Economic Impact, 2006.
3) ITU, World Telecommunication/ICT Indicators database, released January 2017.
4) ITU: 2012.
5) Samimi, A. H. and Ledary, R. B., “ICT and Economic Growth: New Evidence from Some Developing Countries,” Australian Journal of Basic and Applied Sciences, 2010.
6) United Nations, Competitiveness of the ICT Sector in the Arab Region: Innovation and Investment Imperatives the economic and Social Commission for Western Asia ESCWA, E/ESCWA/ICTD/2013/4.
7) United Nations, Regional Profile of the Information Society, 2005.
8) Ibrahim bin Mohammed bin Saleh Al-Hadithi, "The Economic Implications of Increasing Investments in Information and Communication Technology in the Kingdom of Saudi Arabia," International Journal of Islamic Economics, Issue (49), 2016.
9) Adeeb Qasim Shindi, Nagham Hameed Al-Yasiri, and Hassan Jamal Hassan, "Economics of Knowledge and Growth: Information and Communication Technology, Economic Applications," Dar Al-Manhajia, Oman, 2023.
10) ESCWA, "Towards a Knowledge-Based Society in Arab States: Strategies and Implementation Methods," United Nations, New York, 2005.
11) United Nations, "Regional Trends Report on the Information Society in the Arab Region," ESCWA, Beirut, 2013.
12) United Nations, "Regional Trends Report on the Information Society in the Arab Region," ESCWA, E/ESCWA/ICTD/2009/12, 2009.
13) United Nations, "Regional Trends Report on the Information Society in Western Asia 2007," ESCWA, E/ESCWA/ICTD/2007/15, New York, 2007.
14) UNCTAD, 2019.
15) Ben Soula Nour Eddine, "Digital Economy and E-commerce," Development Journal, Volume 5, Issue 2, December 2018.
16) Boucheul Faiza and others, "The Reality of the New Economy in the Arab World and Algeria," University of Setif.
17) Communications and Information Technology Report, "Investments in Communications and Information Technology in the Kingdom of Saudi Arabia," 2015.
18) Draid Kamel Al Shbeib, "Investment and Its Impact on Economic Development," First Edition, Dar Al-Raya for Publishing and Distribution, Jordan, 2013.
19) Nagham Hameed Abdulkhadir Alyasiri, "Information and Communications Technology Sector and Economic Growth Potential - An Analytical Study in a Selected Sample of Arab Countries with Special Reference to Iraq," Doctoral Thesis, College of Management and Economics, Wasit University, 2020.
20) Nafissa Hadjaj and Ahlam Bouabdelli, "The Impact of Information and Communications Technology Investment on the Profitability of Petroleum Enterprises - A Case Study of a Sample of Algerian Petroleum Enterprises during the Period 2010-2014," Al-Bahith Journal, Issue 16, University of Ouargla, 2016.
21) Hind Alawi, "The Information Society in Algeria," Academy Printing, Publishing, and Distribution, First Edition, Algeria, 2009.
22) Media and Communications Commission, "The Status of the Communications Sector in Iraq for the Year 2006," Baghdad, 2006.
23) Ministry of Planning, Central Statistical Organization, "Communications and Postal Statistics for the Year 2015," 2016.