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

In: Advances in Panel Data Analysis in Applied Economic Research

Author

Listed:
  • Satawat Wannapan

    (Chiang Mai University)

  • Chukiat Chaiboonsri

    (Chiang Mai University)

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.

Suggested Citation

  • Satawat Wannapan & Chukiat Chaiboonsri, 2018. "An Analysis of ICT Sectors and Economic Growth: Evidence from ASEAN Countries," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Panel Data Analysis in Applied Economic Research, chapter 0, pages 189-201, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70055-7_14
    DOI: 10.1007/978-3-319-70055-7_14
    as

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