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

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dc.authoridhttps://orcid.org/0000-0002-3586-2570en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.authoridhttps://orcid.org/0000-0002-6388-5366en_US
dc.authoridhttps://orcid.org/0000-0002-6099-7899en_US
dc.contributor.authorAdedoyin, Festus Fatai
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorDriha, Oana M.
dc.contributor.authorBalsalobre-Lorente, Daniel
dc.date.accessioned2023-09-24T12:54:45Z
dc.date.available2023-09-24T12:54:45Z
dc.date.issued2020en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThis 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.en_US
dc.identifier.doi10.1016/j.techfore.2020.120297en_US
dc.identifier.endpage10en_US
dc.identifier.issn0040-1625
dc.identifier.issn1873-5509
dc.identifier.pmid32934425en_US
dc.identifier.scopus2-s2.0-85090426442en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://hdl.handle.net/11363/5647
dc.identifier.urihttps://doi.org/
dc.identifier.volume160en_US
dc.identifier.wosWOS:000579884900037en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherELSEVIER SCIENCE INC, STE 800, 230 PARK AVE, NEW YORK, NY 10169en_US
dc.relation.ispartofTechnological Forecasting & Social Changeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectTourism led growth hypothesisen_US
dc.subjectAir transporten_US
dc.subjectForeign direct investmenten_US
dc.subjectCoal rentsen_US
dc.subjectICTsen_US
dc.subjectIndustry 4.0en_US
dc.titleThe effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United Statesen_US
dc.typeArticleen_US

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