Digitalization Development and Economic Growth in the Gulf Cooperation Council Countries

This article studies the link between Digitalization development and economic growth in a panel of 3 Gulf CooperationCouncil countries, namely, Oman, Qatar and the United Arab Emirates, from 2010 to 2021.In the Gulf Cooperation Council countries, we discover a favorable correlation between the progress of digitization and economic development utilizing the generalized method of moment (GMM) estimator for linear dynamic data from panel systems.The policy suggestions of this study recommend that approaching the global level and realizing opportunities for the industry to leverage digitalization, integrate digitalization into the workplace, and provide good knowledge of digital infrastructure will improve economic performance in the digital economy era.Also, the results offer a basis for policymakers to better formulate policies to achieve the Sustainable Development Goals (SDGs).

Publication Details

Journal
International Research Journal of Economics and Management Studies
Published
2024-11-30
DOI
https://doi.org/10.56472/25835238/irjems-v3i11p104
Primary Topic
Economic Growth and Development
Type
article
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article

Digitalization Development and Economic Growth in the Gulf Cooperation Council Countries

International Research Journal of Economics and Management Studies
Economic Growth and Development
article

Digitalization Development and Economic Growth in the Gulf Cooperation Council Countries

article en

Abstract

This article studies the link between Digitalization development and economic growth in a panel of 3 Gulf CooperationCouncil countries, namely, Oman, Qatar and the United Arab Emirates, from 2010 to 2021.In the Gulf Cooperation Council countries, we discover a favorable correlation between the progress of digitization and economic development utilizing the generalized method of moment (GMM) estimator for linear dynamic data from panel systems.The policy suggestions of this study recommend that approaching the global level and realizing opportunities for the industry to leverage digitalization, integrate digitalization into the workplace, and provide good knowledge of digital infrastructure will improve economic performance in the digital economy era.Also, the results offer a basis for policymakers to better formulate policies to achieve the Sustainable Development Goals (SDGs).

International Research Journal of Economics and Management StudiesVol. 3(11)
Partnerships for the goals
Openalex Percentile: Top 50%
Economic Growth and Development
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Digitalization Development and Economic Growth in the Gulf Cooperation Council Countries · International Research Journal of Economics and Management Studies (2024) | TGRS Research Map | TGRS