EMPOWERING INCLUSIVE HUMAN DEVELOPMENTTHROUGH ICT AND INNOVATION: INSIGHTS FOR ASIA’SEMERGING ENTREPRENEURIAL LANDSCAPE

Abstract

In the last decade, usage of internet and the unpredictable increase in the level of
innovations have been main drivers of human development. These jumps in
human intellect have influenced almost every sphere of human effort including
health, education, commerce, and so on. Thus, this study is set out to examine
the impact of ICT adoption and innovation on inclusive human development in
26 Asian countries from 2010 to 2019. The data for this study has been taken
from the World Development Indicator (WDI). The econometric techniques
which have been applied to this study are fixed and random effects panel data
techniques. Furthermore, to correct the problem of heteroskedasticity and
autocorrelation in the model, the prais-winsten regression has been applied. The
empirical results of this study show that ICT adoption and innovation have
positive and significant relationship with inclusive human development. To
enhance the inclusive human development, Asian countries should increase their
level of innovation and adoption of ICT.