A Global Model of Technological Utilization Based on Governmental, Business Investment, Social, and Economic Factors

This paper presents a model of governmental support and openness, business and technology investment, and socio-economic factors that influence technological utilization for 110 countries. The conceptual framework is based on prior research showing that these factors impact the usage of technology and vice versa. Structural equation modeling is applied to conceptualize and test the model. This model uses latent and observable variables and the application tests five hypotheses for the overall model and relationships between its factors. Data are recent and from the World Bank and World Economic Forum. The findings indicate a critical pathway of influences between the factors of government support and openness, socio-economic level, and technology utilization. The paper suggests policy steps for national governments of developed and developing nations especially for policy clusters of government emphasis on ICT, openness, and strengthening of R&D and technology investment.