  There has been a long-running debate in Information Technology (IT) and
economics literature about the contrary arguments of IT concerning
digitalization and the economic growth of nations. While many empirical studies
have shown a significant value of IT, others revealed a detrimental impact.
Given the ambiguous results and anecdotal commentary on the increase in
digitalization attributed to the COVID19 global pandemic, this paper aims to
explore the economic growth-digitalization nexus of 59 countries in 7 regions
by employing correlation and regression analyses over the period 2018-2020. The
findings indicate a positive relationship between economic growth and
digitalization for both HIGH and LOW digitalized country categorization and
regional assessment. Consistent with regional results, except for Northern
Africa and Western Asia, and Sub-Saharan Africa regions, the remaining regions
show a positive correlation and regression results. The findings of this study
can be helpful in future prospective national IT and economic development
policies.
