Do ICTs drive wealth inequality? Evidence from a dynamic panel analysis

Surprisingly, little is known about the cross-country effect of information and communication technology (ICT) on wealth inequality. At same time, there some tentative evidence suggesting that positively correlated with income However, whether how ICT affects inequality less explored, particularly because lack reliable data This paper, therefore, fills this gap contributes to new literature by investigating in a sample 45 developed developing countries over period 2000–2017. measured six different indicators (including internet penetration, mobile service exports, index, quality, quantity), while three (comprising billionaire GDP, Top 1% share, 10% share). The empirical analysis based Generalised Method Moments, results show increases Furthermore, we democracy mitigates increasing result suggests improving both an effective mechanism for mitigating effects Therefore, encourage efforts implement democratic institutions ensure respect citizens' freedoms, greater accountability, executive constraints allow more egalitarian distribution wealth.