Digital economy: The correlation between digital technology and economic growth-an emperical application

Abstract

The aim of this study is to explain the concept of digital economy and to examine the effect of digital technology on economic growth. In the study, the causality relationship between digital technology and economic growth in the Turkish economy for the period 2004-2021 was investigated with the Toda-Yamamoto test. As a result of the study, according to 10% significance level, bidirectional causality between internet usage-economic growth, computer usage-economic growth, and one-way causality between mobile line usage and economic growth from mobile line usage to economic growth was determined. No causal relationship was found between website ownership and economic growth in enterprises. According to the 5% significance level, a one-way causality relationship was determined from only computer and internet use to economic growth. © 2023, IGI Global. All rights reserved.