ESTIMATING THE RELATIONSHIP BETWEEN TECHNOLOGY AND ECONOMIC GROWTH - EVIDENCE FROM SIERRA LEONE EXPERIENCE

Alpha Kanu, Oludolapo O. Akinyosoye-Gbonda

Abstract


The study analyzes the relationship between technology and economic growth in Sierra Leone from 2011 to 2022 and the data are treated via the E-Views program. ARDL methodology was used. The results showed a co-integration relationship between the study variables (computer use in general; computer use at work; and computer use in education, training, and economic growth) and the results presented that the deviation from long-term equilibrium is corrected using an error correction model which long term corrected as a percentage correction (−0.06) each year from the short term to the long term and showed the results of the structural stability test of the (ARDL) model. It is a structural stability test for long and short-term coefficients, which showed that the data used in this study are free from any structural changes but has stable parameters over time. The study also used CUSUM's Squares test, where the test results showed that the study model used is economically good and can be relied upon to anticipate economic solutions in Sierra Leone according to the situation in the coming years, and among the most important recommendations of the study are the following: the need to encourage the use of technology in work, education, and training, and the need for expansion in using these technological means as a gateway to the digital economy and the digital state.

 

JEL: O33, O47, C51, C22, O14, O55

 

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Keywords


technology, computers at work, computers in education and training, economic growth, digital economy

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References


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DOI: http://dx.doi.org/10.46827/ejefr.v8i2.1654

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