The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States

Authors: Adedoyin, F.F., Bekun, F.V., Driha, O.M. and Balsalobre-Lorente, D.

Journal: Technological Forecasting and Social Change

Volume: 160

ISSN: 0040-1625

DOI: 10.1016/j.techfore.2020.120297

Abstract:

This study analyses the causal and long-run linkage between air transport and economic growth. It was conducted to validate the tourism-led growth hypothesis for the United States (US) during the period 1981–2017 and includes Information and Communication Technologies (ICTs) alongside coal rents in the tourism-led growth hypothesis. This study presents a new direction for future studies by considering the relevance of the fourth industrial revolution (Industry 4.0), particularly in the US. To achieve the stated claim, this study considers as additional explanatory variables how ICTs moderate the impact of Foreign Direct Investment (FDI) on GDP. The empirical result confirms a connection between the Industry 4.0 era and the role of ICTs, which promotes substantial changes in the way of life and productivity. This has led to a vast technological advancement, which is in line with but at a faster pace than the technological advancement of previous revolutions. From empirical results, the study provides relevant policy recommendations related to the role of natural resources, new technologies and tourism on US GDP, while it also provides evidence of the positive effect of ICTs over FDI under the Industry 4.0 era.

http://eprints.bournemouth.ac.uk/34499/

Source: Scopus

The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States.

Authors: Adedoyin, F.F., Bekun, F.V., Driha, O.M. and Balsalobre-Lorente, D.

Journal: Technol Forecast Soc Change

Volume: 160

Pages: 120297

ISSN: 0040-1625

DOI: 10.1016/j.techfore.2020.120297

Abstract:

This study analyses the causal and long-run linkage between air transport and economic growth. It was conducted to validate the tourism-led growth hypothesis for the United States (US) during the period 1981-2017 and includes Information and Communication Technologies (ICTs) alongside coal rents in the tourism-led growth hypothesis. This study presents a new direction for future studies by considering the relevance of the fourth industrial revolution (Industry 4.0), particularly in the US. To achieve the stated claim, this study considers as additional explanatory variables how ICTs moderate the impact of Foreign Direct Investment (FDI) on GDP. The empirical result confirms a connection between the Industry 4.0 era and the role of ICTs, which promotes substantial changes in the way of life and productivity. This has led to a vast technological advancement, which is in line with but at a faster pace than the technological advancement of previous revolutions. From empirical results, the study provides relevant policy recommendations related to the role of natural resources, new technologies and tourism on US GDP, while it also provides evidence of the positive effect of ICTs over FDI under the Industry 4.0 era.

http://eprints.bournemouth.ac.uk/34499/

Source: PubMed

The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States

Authors: Adedoyin, F.F., Bekun, F.V., Driha, O.M. and Balsalobre-Lorente, D.

Journal: TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE

Volume: 160

eISSN: 1873-5509

ISSN: 0040-1625

DOI: 10.1016/j.techfore.2020.120297

http://eprints.bournemouth.ac.uk/34499/

Source: Web of Science (Lite)

The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States

Authors: Adedoyin, F.F., Bekun, F.V., Driha, O.M. and Balsalobre-Lorente, D.

Journal: Technological Forecasting and Social Change

Volume: 160

DOI: 10.1016/j.techfore.2020.120297

http://eprints.bournemouth.ac.uk/34499/

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85090426442&doi=10.1016%2fj.techfore.2020.120297&partnerID=40&md5=b57065d808b67218c00609da767e43fd

Source: Manual

The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States.

Authors: Adedoyin, F.F., Bekun, F.V., Driha, O.M. and Balsalobre-Lorente, D.

Journal: Technological forecasting and social change

Volume: 160

Pages: 120297

ISSN: 0040-1625

DOI: 10.1016/j.techfore.2020.120297

Abstract:

This study analyses the causal and long-run linkage between air transport and economic growth. It was conducted to validate the tourism-led growth hypothesis for the United States (US) during the period 1981-2017 and includes Information and Communication Technologies (ICTs) alongside coal rents in the tourism-led growth hypothesis. This study presents a new direction for future studies by considering the relevance of the fourth industrial revolution (Industry 4.0), particularly in the US. To achieve the stated claim, this study considers as additional explanatory variables how ICTs moderate the impact of Foreign Direct Investment (FDI) on GDP. The empirical result confirms a connection between the Industry 4.0 era and the role of ICTs, which promotes substantial changes in the way of life and productivity. This has led to a vast technological advancement, which is in line with but at a faster pace than the technological advancement of previous revolutions. From empirical results, the study provides relevant policy recommendations related to the role of natural resources, new technologies and tourism on US GDP, while it also provides evidence of the positive effect of ICTs over FDI under the Industry 4.0 era.

http://eprints.bournemouth.ac.uk/34499/

Source: Europe PubMed Central

The Effects of Air Transportation, Energy, ICT and FDI on Economic Growth in The Industry 4.0 Era: Evidence from The United States

Authors: Adedoyin, F., Bekun, F.V., Driha, M.O. and Balsalobre-Lorente, D.

Journal: Technological Forecasting and Social Change

Volume: 160

Issue: November

ISSN: 1873-5509

Abstract:

This study analyses the causal and long-run linkage between air transport and economic growth. It was conducted to validate the tourism-led growth hypothesis for the United States (US) during the period 1981-2017 and includes Information and Communication Technologies (ICTs) alongside coal rents in the tourism-led growth hypothesis. This study presents a new direction for future studies by considering the relevance of the fourth industrial revolution (Industry 4.0), particularly in the US. To achieve the stated claim, this study considers as additional explanatory variables how ICTs moderate the impact of Foreign Direct Investment (FDI) on GDP. The empirical result confirms a connection between the Industry 4.0 era and the role of ICTs, which promotes substantial changes in the way of life and productivity. This has led to a vast technological advancement, which is in line with but at a faster pace than the technological advancement of previous revolutions. From empirical results, the study provides relevant policy recommendations related to the role of natural resources, new technologies and tourism on US GDP, while it also provides evidence of the positive effect of ICTs over FDI under the Industry 4.0 era.

http://eprints.bournemouth.ac.uk/34499/

Source: BURO EPrints