arbiter
JournalsPricingAccount

The Nexus Between ICT Diffusion, Financial Development, Industrialization and Economic Growth: Evidence from Sub-Saharan African Countries

Charles Shaaba Saba et al.

Journal of African Business2025https://doi.org/10.1080/15228916.2025.2451550article
AJG 1ABDC C
Weight
0.46

What the paper says

This study examines the nexus between ICT diffusion, financial development, industrialization, and economic growth using a novel panel VAR approach in the generalized method of moments (GMM) estimation. Different proxies were used to measure the aforementioned variables, diverging from the commonly used measures in prior literature. Based on panel data covering 45 countries from 2000 to 2018, the empirical results suggest that there is bidirectional causality between ICT diffusion and economic growth, financial development and industrialization, financial development and economic growth, as well as industrialization and economic growth. The findings further provide evidence that financial development, levels of industrialization, and economic growth are not significant or positive predictors of ICT diffusion. The study’s implications for policy are profound, suggesting that SSA governments should adopt a holistic approach to economic policy development, integrating ICT, financial, and industrial policies to harness these interdependencies effectively.

4 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1080/15228916.2025.2451550

Or copy a formatted citation

@article{charles2025,
  title        = {{The Nexus Between ICT Diffusion, Financial Development, Industrialization and Economic Growth: Evidence from Sub-Saharan African Countries}},
  author       = {Charles Shaaba Saba et al.},
  journal      = {Journal of African Business},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1080/15228916.2025.2451550},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

The Nexus Between ICT Diffusion, Financial Development, Industrialization and Economic Growth: Evidence from Sub-Saharan African Countries

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.46

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.37 × 0.4 = 0.15
M · momentum0.60 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.