Sustainable economic development across globe: The dynamics between technology, digital trade and economic performance

Technology makes a significant contribution to economic performance globally. Information and communication technologies and the economic growth nexus are widely debated; however, this study examined the economic performance of 93 countries categorized as developed and developing countries between 2005 and 2019. The study employs Breitung et al.'s [1] novel bias-corrected method of moments estimators for dynamic panel data models. To serve the purpose, the study utilizes the novel Bias-corrected method of moments estimators for dynamic panel data models by Breitung et al. [1]. The results were threefold: first, technology has both direct and indirect impacts on economic performance. Education plays a moderating role in further escalating economic performance through technology across the globe. Second, digital trade does contribute to economic growth as well. Third, there is a heterogeneous effect of COVID-19 on economic performance across various income groups of countries. The innovative results of the study suggest important policy recommendations.