The effects of telecommunication sector on economic growth: BRICS and Turkey

As the importance of access to information and information communication technologies increases, the importance of telecommunication sector also increases in todays the world. In this context, studies on the relationship between economic growth of countries and telecommunication investments are also increasing. In this study, we examine the impact of telecommunication sector on economic growth in terms of the BRICS countries and Turkey over the 1992-2015 period. In this context, firstly the concept of economic growth and economic growth models are explained. Then, the telecommunication sector is introduced and the characteristics of the sector and its course in the world are mentioned. Finally, where econometric application is involved; between the years 1992-2015 data and methodologies explaining the BRICS and its impact on economic growth of telecommunications sector in Turkey were examined. In this context, four different models were used by using fixed telephone usage rate, mobile phone usage rate, internet usage rate and penetration rate to represent telecommunication sector. According to the results of panel data analysis; the effect of telecommunication sector on economic growth was found positive and significant within the analyzed countries.