An Analysis of ICT Sectors and Economic Growth: Evidence from ASEAN Countries

Satawat Wannapan () and Chukiat Chaiboonsri ()
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Satawat Wannapan: Chiang Mai University
Chukiat Chaiboonsri: Chiang Mai University

Chapter Chapter 14 in Advances in Panel Data Analysis in Applied Economic Research, 2018, pp 189-201 from Springer

Abstract: Abstract This paper proposes to investigate the causal relationship between ICT segments and economic expansionary rates in ASEAN countries. Methodologically, the panel time-series data observed during 2006 to 2015 is employed to estimate the panel Granger causality test. According to the technical problem of lag selection for the panel causality analysis, the computationally statistical approach called Newton’s optimization method is originally applied to verify the suitable lag selection. The empirical results found that ICTs are not the major factor that causally motivates economic growth in ASEAN. To address the issue, equitable educational systems and advanced infrastructural developments are the primary policies that should be corporately implemented.

Keywords: Information And Communication Technologies (ICT); Panel Granger Causality Test; Statistical Panel Unit Root Testing; Broadband Providers; ICT Contribution (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-70055-7_14

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DOI: 10.1007/978-3-319-70055-7_14

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