International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

Impact of ICT on Macroeconomic Stability and International Competitiveness Case of Rwanda

Mugabe RogerSchool of Economics, Wuhan University of Technology, Wuhan 430070, P. R. China & School of Social Sciences, Kigali Independent University ULK, Kigali, RwandaPeter Umaru KamaraSchool of Social Sciences, University of Management and Technology, Freetown, Sierra LeoneAruna BakarrSchool of Social Sciences, University of Management and Technology, Freetown, Sierra LeoneAbdulai Bobson TurayFaculty of Social Sciences, Ernest Bai Koroma University of Science and Technology, Magburoka, Sierra Leone

Vol 5 No 2 (2021): Volume 5, Issue 2, February 2021 | Pages: 82-87

International Research Journal of Innovations in Engineering and Technology

OPEN ACCESS | Research Article | Published Date: 03-03-2021

doi Logo doi.org/10.47001/IRJIET/2021.502012

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Abstract

The concern of international competitiveness for any country is a must to enjoy a comparative advantage relative to other countries. It used the dynamic vector error correction model (VCEM) to figure out the impact of ICT on financial development, international investment, trade openness, and macroeconomic stability to the economic growth and global competitiveness of Rwanda. The empirical results confirmed that commercial development peroxide by credit given by the financial sector with a robust ICT is highly significant for the short and long-run that tends to say that in Rwanda, growth is a finance-led and knowledge-based economy. At the same time, the higher adjustment coefficient has revealed a quick long term restoration of influence of above-used determinants, all embraced by an adequate ICT infrastructure. To become a middle-income country is a goal set by the Rwandan Government, and to be achieved by 2035 requires raising the level of income of the citizens throughout investment projects and harmonized economic policies. Therefore consistent macroeconomic stability, favorable business environment, trained and skilled human capital under a developed financial system embraced by ICT is paramount agenda for Rwandan decision-makers lead by advanced ICT.

Keywords

Information and communication technology, Macroeconomic Stability, Access to capital, FDI, International Competitiveness, Rwanda


Citation of this Article

Mugabe Roger, Peter Umaru Kamara, Aruna Bakarr, Abdulai Bobson Turay, “Impact of ICT on Macroeconomic Stability and International Competitiveness Case of Rwanda” Published in International Research Journal of Innovations in Engineering and Technology - IRJIET, Volume 5, Issue 2, pp 82-87, February 2021. Article DOI https://doi.org/10.47001/IRJIET/2021.502012

Licence Copyright (c) 2026 International Research Journal of Innovations in Engineering and Technology creative common licence This work is licensed under Creative common Attribution Non Commercial 4.0 Internation Licence
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