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<p>The present study aimed to examine the relationship between the digital economy and macroeconomic balances in the context of the Sustainable Development Goals of Oman Vision 2040. Monthly time series data from 2010 to 2022 were analysed using nonlinear estimators, i.e. quantile regression (QR) and nonlinear autoregressive distributed lag (NARDL), and diagnostic tests were used to increase robustness. The main conclusions of the study concerned the significant positive relationships between the digital economy proxies and macroeconomic balances. Specifically, a 1% increase in the short-term proxy led to a 5.67% increase in macroeconomic balances, and a 1% increase in the long-term proxy led to a 10.89% decrease in macroeconomic balances. Additionally, the Toda and Yamamoto causality test provided evidence of positive causality because the digital economy caused changes in macroeconomic balances. Considering these findings, Oman should be encouraged to share best practices based on the UN-SDGs and address global challenges related to the international trade of information and communication technology (ICT) goods and services. Oman should also prioritise economic diversification by promoting growth in non-ICT sectors. This could involve supporting industries with export potential and reducing dependency on a single sector to create a trade balance.</p>

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Does the Digital Economy Matter for Enhancing Macroeconomic Balances?

  • 期刊论文

  • 发表日期：

    2026年6月22日

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  • Faris Alshubiri,
  • Samir Hammami

摘要

The present study aimed to examine the relationship between the digital economy and macroeconomic balances in the context of the Sustainable Development Goals of Oman Vision 2040. Monthly time series data from 2010 to 2022 were analysed using nonlinear estimators, i.e. quantile regression (QR) and nonlinear autoregressive distributed lag (NARDL), and diagnostic tests were used to increase robustness. The main conclusions of the study concerned the significant positive relationships between the digital economy proxies and macroeconomic balances. Specifically, a 1% increase in the short-term proxy led to a 5.67% increase in macroeconomic balances, and a 1% increase in the long-term proxy led to a 10.89% decrease in macroeconomic balances. Additionally, the Toda and Yamamoto causality test provided evidence of positive causality because the digital economy caused changes in macroeconomic balances. Considering these findings, Oman should be encouraged to share best practices based on the UN-SDGs and address global challenges related to the international trade of information and communication technology (ICT) goods and services. Oman should also prioritise economic diversification by promoting growth in non-ICT sectors. This could involve supporting industries with export potential and reducing dependency on a single sector to create a trade balance.