IT (Information Technology) was invented and penetrated into our daily lives and business world from the 1980s. It has also spread quickly in developed economies. This study examines whether such phenomenon has impacted international trade. More concretely, this study empirically examines the relationship (1) between the improvement of banking and financial services and international trade, (2) between the Internet speed and international trade, and (3) mobile subscribers and international trade. The empirical results show that GDP per capita is positively related with international trade significantly. Moreover, they show that banking and financial services can increase international trade. Also, Internet speed is significantly associated with promoting international trade. However, there is no evidence that the spreading use of mobile has caused increasing international trade. If the pros of the spreading use of mobile related IT are large, there is some room for promoting this transition. Security, reliability, and so on are key factors to promote mobile into business, including international trade.


Banking and financial service, International trade, IT, Mobile,


Metrics Loading ...


  1. Abeliansky, A.L., Barbero, J., Rodriguez-Crespo, E., (2021), ICTs quality and quantity and the margins of trade, Telecommunication Policy, 45(1), 102056. https://doi.org/10.1016/j.telpol.2020.102056
  2. Asongu, S.A., (2013), How has mobile phone penetration stimulated financial development in Africa, Journal of African Business, 14(1), 7-18. https://doi.org/10.1080/15228916.2013.765309
  3. Baldwin, R.E., (2006), Multilateralising regionalism: spaghetti bowls as building blocs on the path to global free trade, World Economy, 29(11), 1451-1518.
  4. Billon, M., Rodriguez-Crespo, E., (2020), Impacts on bilateral trade of sub-sahara countries, Estudios de Economia Aplicada, 38(2), 31-43.
  5. Choi, C., Hoon, Y., (2009), The effect of the internet on economic growth: Evidence from cross-country panel data, Economics Letters, 105(1), 39-41. https://doi.org/10.1016/j.econlet.2009.03.028
  6. Choi, C., (2010), The effect of the Internet on service trade, Economics Letters, 109(2), 102-104. https://doi.org/10.1016/j.econlet.2010.08.005
  7. Clarke, G. R. G., (2008), Has the Internet increased exports for firms from low and middle income countries?. Information Economics and Policy, 20(1), 16-37. https://doi.org/10.1016/j.infoecopol.2007.06.006
  8. Clarke, G.R.G., Wallsten, S.J., (2006), Has the Internet increased trade? Development and developing country evidence, Economic Inquiry, 44(3), 465-484. https://doi.org/10.1093/ei/cbj026
  9. Demir, F., Dahi, O.S., (2011), Asymmetric effects of financial development on South-South and South-North trade: Panel data evidence from emerging markets, Journal of Development Economics, 94(1), 139-149. https://doi.org/10.1016/j.jdeveco.2009.12.001
  10. Donovan, K., (2012), Mobile money for financial inclusion, Information and Communications foe Development, 61(1), 61-73. https://doi.org/10.1596/9780821389911_ch04
  11. Gnangnon, S.K., (2020), Effect of the Internet on services export diversification, Journal of Economic Integration, 35(3), 519-558. https://doi.org/10.1130/jei.2020.35.519
  12. Gnangnon, S.K., Iyer, H., (2018), Does bridging the internet access divide contribute to enhancing countries’ integration into the global trade in services markets?. Telecommunication Policy, 42(1), 61-77. https://doi.org/10.1016/j.telpol.2017.08.004
  13. Hajilee, M., Niroomand, F., (2019), On the link between financial market inclusion and trade openness: An asymmetric analysis, Economic Analysis and Policy, 62, 373-381. https://doi.org/10.1016/j.eap.2018.10.001
  14. Hakanson, L., Dow, D., (2012), Markets and networks in international trade: On the role of distances in globalization, Management International Review, 52(6), 761-789. https://doi.org/10.1007/s11575-012-0142-3
  15. Hjort, J., Poulsen, J., (2019), The arrival of fast Internet and employment in Africa, American Economic review, 109(3), 1032-1079. https://doi.org/10.1257/aer.20161385
  16. Hur, J., Raji, M., Riyanto, Y.E., (2006), Finance and trade: A cross-country empirical analysis on the impact of financial development and asset tangibility on international trade, World Development, 34(10), 1728-1741. https://doi.org/10.1016/j.worlddev.2006.02.003
  17. Kneller, R., Timmis, J., (2016), ICT and exporting: The effects of broad on the extensive margins of business service exports, Review of International Economics, 24(4), 757-796. https://doi.org/10.1111/roie.12237
  18. Krugman, P., (2001), Geography and trade, MIT Press, Cambridge.
  19. Kurihara, Y., Fukushina, A., (2016), Openness of the economy, diversification, specialization, and economic growth, Journal of Economics and Development, 4(1), 31-38
  20. Lin, F., (2015), Estimating the effect of the Internet on international trade, Journal of International Trade and Economic Development, 24(3-4), 409-428. https://doi.org/10.1080/09638199.2014.881906
  21. Meijers, H., (2014), Does the Internet generate economic growth, international trade, or both?. International Economics and Economic Policy, 11(1-2), 137-163. https://doi.org/10.1007/s10368-013-0251-x
  22. Milica, D., (2018), The role of information and communications technology in international trade, Ekonomika, 64(1), 79-94. https://doi.org/10.5937/ekonomika1801079D
  23. Noh, Y. H., Yoo, K., (2008), Internet, inequality and growth, Journal of Policy Modeling, 30(6), 1005-1016. https://doi.org/10.1016/j.jpolmod.2007.06.016
  24. Oliner S. D., Daniel, E. S., (2000), The resurgence of growth in the late 1990s: Is information technology the story?. Journal of Economic Perspectives 14(4), 3-22. https://doi.org/10.1257/jep.14.4.3
  25. Sawadogo, F., Wandaogo, A-A., (2021), Does mobile money services adoption foster intra-African goods trade?. Economics Letters, 199, 109681. https://doi.org/10.1016/j.econlet.2020.109681
  26. Vemuri, V. R., Siddiqi, S., (2009), Impacts of commercialization of the Internet on international trade: A panel study using the extended gravity model, International Trade Journal, 23(4), 456-464. https://doi.org/10.1080/08853900903223792
  27. Visser, R., (2019), The effect of the Internet on the margins of trade, Information Economics and Policy, 46, 41-54. https://doi.org/10.1016/j.infoecopol.2018.12.001