The Effect of Digital Technology Adoption on Economic Growth and Development

This study investigates the influence of digital technology on the economies of developing countries. It examines the Digital Adoption Index, ICT expenditures, Ease of Doing Business Index, and Gross National Income per capita to assess their relationship with economic performance. Using endogenous growth theory, the study explores how technological progress, business environment, and income levels contribute to economic growth and support Sustainable Development Goals 8 and 9. Panel data from 25 developing countries (2010–2022) obtained from the World Bank are analyzed using a fixed effects regression model, with unit root and cointegration tests ensuring robustness. Results show that higher digital adoption, ICT spending, and improved business conditions positively impact economic performance and GDP per capita. The findings emphasize the importance of policies that promote technology adoption and regulatory improvements to achieve sustainable economic growth and digital transformation aligned with global development goals.

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