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 language | English |
|---|---|
| Pages (from-to) | 165-171 |
| Number of pages | 7 |
| Journal | Jurnal Ekonomi Malaysia |
| Volume | 46 |
| Issue number | 1 |
| Publication status | Published - 2012 |
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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 journal › Article
}
TY - JOUR
T1 - Comparison of information and communication technology contribution on newly industrialized countries' economic growth
AU - Farhadi, Maryam
AU - Ismail, Rahmah
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
KW - Economic growth
KW - Information and communication technology
KW - Newly industrialized countries
UR - http://www.scopus.com/inward/record.url?scp=84874867181&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84874867181&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84874867181
VL - 46
SP - 165
EP - 171
JO - Jurnal Ekonomi Malaysia
JF - Jurnal Ekonomi Malaysia
SN - 0126-1962
IS - 1
ER -