Comparison of information and communication technology contribution on newly industrialized countries' economic growth

Maryam Farhadi, Rahmah Ismail

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

In recent years, progress in Information and Communication Technology (ICT) has caused many structural changes, including the reorganization of economics, globalization, and trade extension, which has led to capital flows and the enhancement of information availability. Moreover, ICT plays a significant role in the development of each economic sector, especially during liberalization processes. Growth economists predict that economic growth is driven by investments in ICT. However, empirical studies on this issue have produced mixed results, due to different research methodology and geographical configuration utilized in the studies. In this paper, we estimate the endogenous production growth model, using panel data of the Newly Industrialized Countries (NICs) in Asia-namely Singapore, South Korea, Hong Kong and Malaysia-over the period of 1990-2007. We find a strong significant positive impact of ICT investment on economic growth for these countries. This indicates that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate investment in ICT.

Original languageEnglish
Pages (from-to)165-171
Number of pages7
JournalJurnal Ekonomi Malaysia
Volume46
Issue number1
Publication statusPublished - 2012

Fingerprint

Developed countries
Information and communication technology
Economic growth
Reorganization
Economic globalization
Structural change
South Korea
Empirical study
Economic sectors
Liberalization
Hong Kong
Singapore
Technology investment
Panel data
Malaysia
Growth model
Capital flows
Enhancement
Economists
Asia

Keywords

  • Economic growth
  • Information and communication technology
  • Newly industrialized countries

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Comparison of information and communication technology contribution on newly industrialized countries' economic growth. / Farhadi, Maryam; Ismail, Rahmah.

In: Jurnal Ekonomi Malaysia, Vol. 46, No. 1, 2012, p. 165-171.

Research output: Contribution to journalArticle

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