THIS DOI METADATA WAS LAST UPDATED: 2026-10-27 17:59
Full Title
ECONOMIA PUBBLICA
Publisher
FrancoAngeli
ISSN
0390-6140 (Printed Journal)
1972-5566 (Online Journal)
Journal Issue Number
2
Journal Issue Designation
2
Journal Issue Date
2026
Full Title
ICT, FDI, and trade openness as determinants of GDP per capita: Insights from BRICS panel data analysis
By (author)
First Page
221
Last Page
237
Language of text
English
Publication Date
2026/09
Copyright
2026 FrancoAngeli srl
Main description
The BRICS countries become economic giants while their contributions to global growth and development dominate the international markets. The BRICS countries have pursued different paths in their economies that are based on Information and Communication Technology (ICT), Foreign Direct Investment (FDI), Trade Openness and Total Factor Productivity (TFP). ICT has a reputation of being an innovator and productivist representing a valuable force in today's economy this study examines the contribution of ICT in conjunction with FDI Trade Openness and TFP towards GDP per capita in each of the BRICS nations over the period from 1990-2020. The study of economic effects of ICT, comes with some unexpected results when ordinary least squares (OLS) methodology of estimation is used for panel data regression analysis. Even though ICT looks impressive it does not show any statistical significance while analyzing its effect on GDP Per Capita in BRICS countries. The study results offer insights into the determinants of economic growth and demand for further researches on conducive environments for ICT-based growth. Policymakers as well as the scholars who are conducting studies on the hidden impact of ICT in developing areas may find this data useful
Unstructured Citation
Alfaro L. (2003). Foreign direct investment and growth: Does the sector matter?. Journal of International Economics, 61(2): 512-532.
Unstructured Citation
Baltagi B. H. (2021). Econometric analysis of panel data (6th ed.). Springer.
https://doi.org/10.1007/978-3-030-53953-5
Unstructured Citation
Bano S., Tabbada E. M. (2021). Foreign direct investment, institutional quality and economic growth: Evidence from BRICS economies. International Journal of Economics and Finance, 13(8): 45-62.
Unstructured Citation
Bresnahan T. F., Trajtenberg M. (1995). General purpose technologies ‘Engines of growth’?. Journal of Econometrics, 65(1):
83-108.
https://doi.org/10.1016/0304-4076(94)01598-T
Unstructured Citation
Chattopadhyay S., Bose S., Das P. (2022). Economic growth dynamics in BRICS nations: Trade and investment perspectives. Economic Research Publications.
Unstructured Citation
Chen L., Wang M., Liu X. (2020). Trade openness and global value chains in emerging economies. International Economics Review, 28(3): 178-195.
Unstructured Citation
Czernich N., Falck O., Kretschmer T., Woessmann L. (2011). Broadband infrastructure and economic growth. The Economic Journal,
121(552): 505-532.
https://doi.org/10.1111/j.1468-0297.2011.02420.x
Unstructured Citation
Dosi G., Roventini A., Russo E. (2021). Public policies and the art of catching up: Matching the historical evidence with
a multicountry agent-based model. Industrial and Corporate Change, 30(4): 1011-1036.
https://doi.org/10.1093/icc/dtaa057
Unstructured Citation
Égert B. (2022). Regulation, institutions, and productivity: New macroeconomic evidence from OECD countries. American Economic Journal: Macroeconomics, 14(2): 109-142.
Unstructured Citation
Frankel J. A., Romer D. (1999). Does trade cause growth?. American Economic Review, 89(3): 379-399.
https://doi.org/10.1257/aer.89.3.379
Unstructured Citation
Goldman Sachs (2001). Building better global economic BRICs. Goldman Sachs Global Economics Paper No. 66.
Unstructured Citation
Hausman J. A. (1978). Specification tests in econometrics. Econometrica, 46(6): 1251-1271.
https://doi.org/10.2307/1913827
Unstructured Citation
Kumar R., Singh A., Patel N. (2019). Total factor productivity and economic growth in BRICS economies: Policy implications for sustainable development. Economic Development Quarterly, 33(2): 145-168.
Unstructured Citation
Ndubuisi G., Omoteso K., Tanna S. (2020). ICT adoption, institutional quality and economic growth in emerging economies. Technological Forecasting and Social Change, 157: 120-135.
Unstructured Citation
Niebel T. (2018). ICT and economic growth – Comparing developing, emerging and developed countries. World Development, 104:
197-211.
https://doi.org/10.1016/j.worlddev.2017.11.024
Unstructured Citation
Pohjola M. (2000). Information technology and economic growth: A cross-country analysis. Information Economics and Policy, 12(1): 19-38.
Unstructured Citation
Qiang C. Z. W., Rossotto C. M., & Kimura K. (2009). Economic impacts of broadband. In Information and communications for development 2009: Extending reach and increasing impact (pp. 35-50). World Bank.
Unstructured Citation
Sahoo P., Sethi N. (2023). Trade liberalization, foreign direct investment, and economic growth nexus in emerging economies. Journal of Economic Development, 48(3): 89-115.
Unstructured Citation
Singh K., Dube M. (2014). BRICS economies and their changing dynamics in global GDP. International Journal of Economic Research, 11(2): 299-312.
Unstructured Citation
Vu K. M. (2023). Digital transformation and economic development: New evidence from global panel data. Technology in Society, 72: 102-118.
Unstructured Citation
World Bank (2020). World development indicators. World Bank Group.
Unstructured Citation
Zhang K. H. (2001). Does foreign direct investment promote economic growth? Evidence from East Asia and Latin America. Contemporary
Economic Policy, 19(2): 175-185.
https://doi.org/10.1111/j.1465-7287.2001.tb00059.x