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Economic and Business Cycle of India: Evidence from ICT Sector

In: Advances in Panel Data Analysis in Applied Economic Research

Author

Listed:
  • Chukiat Chaiboonsri

    (Faculty of Economics, Chiang Mai University)

  • Satawat Wannapan

    (Faculty of Economics, Chiang Mai University)

  • Anuphak Saosaovaphak

    (Faculty of Economics, Chiang Mai University)

Abstract

This paper aims to study the relationship between Indian ICT industries and GDP by applying Bayesian inference. Five yearly predominant indexes collected during 2000–2015, including Indian GDP, fixed phone usages, mobile phone distributions, Internet servers, and broadband suppliers, are analyzed by employing the Markov-switching model (MS model) and Bayesian vector autoregressive (BVAR) models. In addition, the Bayesian regression model is used to investigate the ICT multiplier related to Indian economic growth. The empirical results indicate that IT sectors are becoming the major role of Indian economic expansion in the forthcoming future, compared with telecommunication sectors. Moreover, the result of the ICT multiplier confirms that high technological industrial zones should be systematically enhanced continuously, in particular, research and development in cyberspace.

Suggested Citation

  • Chukiat Chaiboonsri & Satawat Wannapan & Anuphak Saosaovaphak, 2018. "Economic and Business Cycle of India: Evidence from ICT Sector," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Panel Data Analysis in Applied Economic Research, chapter 0, pages 29-43, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-70055-7_3
    DOI: 10.1007/978-3-319-70055-7_3
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