Structural equation modeling: an application of broadband penetration and GDP growth in Asia

Tasneem Fatima Alam (), Nayeem Sultana () and Md. Israt Rayhan ()
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Tasneem Fatima Alam: University of Dhaka
Nayeem Sultana: University of Dhaka
Md. Israt Rayhan: University of Dhaka

Journal of Economic Structures, 2019, vol. 8, issue 1, 1-11

Abstract: Abstract In the present era of globalization, broadband penetration which indicates access to high-speed internet has allowed the transferring of information in a way that was never observed before. With the growing world-wide investment and attention received by broadband infrastructure, this study examines the relationship between broadband penetration and economic growth with a panel data consisting of ten Asian countries over 2001–2015. This study uses a structural equation modeling approach to estimate the relationship between endogenous broadband penetration and economic growth through two-stage least squares, three-stage generalized method of moments and full-information maximum likelihood estimation. A positive and significant impact of broadband penetration on economic growth is found controlling individual effect of countries.

Keywords: Broadband; GDP growth; Structural modeling; 3SLS; FIML (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1186/s40008-019-0148-0

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