Measuring the Impact of Internet on Economic Growth in Selected Countries: the Panel Cointegration Approach

Undoubtedly, the Internet has affected the country's economic and financial interactions. Therefore, in this paper, the effect of Internet on economic growth has been studied. To this end, data of 140 countries collected in the period 1995 to 2010 and after review of data stationary and their cointegration with Pedroni Cointegration test, model is estimated by panel data approach. The model estimation results show that the rate of Internet access, capital stock, labor force, trade openness and per capita spending on education have positive and significant effects and inflation and government consumption spending have the negative impact on per capita GDP growth.