Charles Amo Yartey
Financial development, the structure of capital markets, and the global digital divide
International Monetary Fund
paper examines extent financial development financial structure may explain crosscountry diffusion information communication technology ict using panel data 76 emerging advanced countries period 19902003 finds credit stock market development tends foster ict diffusion financial structure appear significant relationship conclusions consistent theory might predict highlight role financial development market knowledgebased products finding financial development important determinant ict diffusion implies countries underdeveloped financial markets may sink even informationpoor noncommunicating side global digital divide