Telecommunications investment and economic growth in ASEAN5: An assessment from UECM
Elsadig Ahmed () and
New Zealand Economic Papers, 2012, vol. 46, issue 3, 315-332
This paper examines the impact of telecommunications investment on the economic growth of the ASEAN5 countries namely, Malaysia, Indonesia, Philippines, Singapore and Thailand, over the period 1975--2007. The unrestricted error correction model (UECM) and bounds testing approach are employed where a positive and significant long-run relationship is identified in the cases of Malaysia and Singapore. This is not the case for the other ASEAN5 countries. Granger non-causality testing indicates that telecommunications investment causes ASEAN5 economic growth but not vice versa.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:nzecpp:v:46:y:2012:i:3:p:315-332
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