One of the important factors supporting sustainable economic growth is the telecommunications technology and innovation, considering their role and functions as a modern-day indispensable infrastructure. It provides an opportunity for economic development compatible with the safeguard of the environment.
Finally, there might exist a bidirectional causality between economic growth and telecommunication technology and innovation, hence, it may be worth investigating this issue in future research. The authors are grateful to the Centre of Excellence in Econometrics, Chiang Mai University, for financial support.
Telecommunications and information technology, indeed, is an important factor in adding value to various industrial sectors in both direct and indirect ways. This is to say, the faster information access, the higher the comparative advantage of the country.
Due to the gap between developed and developing countries in terms of economic development, trade openness, and communication infrastructure, it is worth studying the impacts of telecommunications technology and innovation on economic growth in developed and developing countries separately.
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