Telecommunications investment and economic growth in ASEAN5: An assessment from UECM

Elsadig Ahmed and Geeta Krishnasamy

New Zealand Economic Papers, 2012, vol. 46, issue 3, 315-332

Abstract: 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.

Date: 2012
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DOI: 10.1080/00779954.2012.695180

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