ICT, Trade in Financial Service and Economic Growth

Information and communication technology (ICT) had been rapid developing by leaps and bounds. At the same time, global trade in financial services (TFS) also experienced a fast-growing stage. This article aimed to examine jointly ICT-growth nexus and TFS-growth nexus and to investigate whether the interaction between ICT and TFS facilitates economic growth in the context of China. There were two main findings in this article. First, we found that both ICT and TFS have significant and positive effects on economic growth, respectively. Second, the interaction between ICT and TFS exerted a significant but negative impact on economic growth. We then made a further discussion on the mediation role of TFS in the relationship between ICT and economic growth, and found the same evidence that TFS failed to mediate the relationship between ICT and economic growth. Finally, we pointed out policy implications drawn from our analyses and findings.