The Pivotal Role of Information and Communication Technology In Shaping US State Economic Development: Manufacturing vs. Non-Manufacturing Sectors

This paper investigates the impact of Information and Communication Technology (ICT) on the economies of fifty US states, distinguishing between manufacturing and non-manufacturing sectors. Using multivariate time series analysis with data from 2010 to 2020, three modes of ICT— wired high-speed internet (broadband), mobile internet and satellite internet—are examined. This study finds that these ICT modes significantly drive economic growth in both sectors, underscoring the importance of the need for tailored broadband strategies to address geographical disparities. The study also offers policy recommendations for enhancing economic development through targeted ICT investments in both manufacturing and non-manufacturing sectors. © 2024, Tamkang University. All rights reserved.