Descriptions of the variables
| Variables | Symbols | Measurement | Data source |
|---|---|---|---|
| Economic growth | GDP | GDP per capita (2010 current US$) | WDI |
| ICT diffusion | ICT | Constructed with PCA using four indicators (TEL, MOB, FBB, INT) | ITU |
| TEL | Fixed telephone subscriptions (per 100 individuals) | ITU | |
| MOB | Mobile cellular subscriptions (per 100 individuals) | ITU | |
| FBB | Fixed broadband subscriptions (per 100 individuals) | ITU | |
| INT | Individuals using the internet (percentage) | ITU | |
| Financial development | FD | Comprehensive index proposed by Svirydzenka (2016) | IMF |
| Control variables | |||
| Inflation | INF | Inflation, consumer prices (annual %) | WDI |
| Trade | TRD | Trade (percent of GDP) | WDI |
| Variables | Symbols | Measurement | Data source |
|---|---|---|---|
| Economic growth | GDP | GDP per capita (2010 current US$) | WDI |
| ICT diffusion | ICT | Constructed with PCA using four indicators (TEL, MOB, FBB, INT) | ITU |
| TEL | Fixed telephone subscriptions (per 100 individuals) | ITU | |
| MOB | Mobile cellular subscriptions (per 100 individuals) | ITU | |
| FBB | Fixed broadband subscriptions (per 100 individuals) | ITU | |
| INT | Individuals using the internet (percentage) | ITU | |
| Financial development | FD | Comprehensive index proposed by | IMF |
| Inflation | INF | Inflation, consumer prices (annual %) | WDI |
| Trade | TRD | Trade (percent of GDP) | WDI |
Note(s): WDI, world development indicators; ITU, international telecommunication union; IMF, international monetary fund
Source(s): Own elaboration
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