This paper tests the hypothesis that more information via higher levels of diffusion of ICT: a non‐income influence, leads to an improvement in societal well being using data from a large sample of low‐income countries.
The empirical procedure utilises a pooled cross section time wise autoregressive model to test the effects of information and communications technology (ICT) on economic well being.
The findings here provide strong support that the diffusion of the new ICT positively contribute to societal economic well being.
The implication of the findings is that low‐income countries, in particular, should quickly move to seize the opportunity to develop their ICT infrastructure given its beneficial welfare effects.
The paper examines the effect of ICT on well being.
