AI Article Synopsis
- The study analyzes how the spread of Information and Communication Technology (ICT) and financial development impact poverty levels in Sub-Saharan Africa over a period from 1980 to 2019.
- Findings indicate that having ICT skills is particularly effective in lessening both the severity and intensity of poverty, even more so when paired with improved financial development.
- The study suggests policies to support these findings, aligning with goals for green growth and advancing technology in the region.
Article Abstract
The study examines the effectiveness of ICT diffusion and financial development in reducing the severity and intensity of poverty in Sub-Saharan Africa (SSA). Using data from the World Development Indicators and the Global Consumption and Income Project (1980-2019), we provide evidence, robust to several specifications from the dynamic system GMM and the panel corrected standard errors estimation techniques, to show that, compared to financial access, ICT usage, and ICT access, ICT skills is remarkable in reducing both the severity and intensity of poverty. The results further revealed that, though ICT skills reduce poverty, the effect is more pronounced in the presence of enhanced financial development. Policy recommendations are provided in line with the region's green growth agenda and technological progress.
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Source |
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC8546426 | PMC |
| http://dx.doi.org/10.1016/j.heliyon.2021.e08156 | DOI Listing |
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