The impact of information and communication technology investment on economic growth in newly industrialized countries in Asia

Maryam Farhadi Kooshki, Rahmah Ismail

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

In recent years, progress in Information and Communication Technology (ICT) has caused many structural changes such as reorganizing of economics, globalization, and trade extension, which leads to capital flows and enhancing information availability. Moreover, ICT plays a significant role in 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, regarding to different research methodology and geographical configuration of the study. 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 implies 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)508-516
Number of pages9
JournalAustralian Journal of Basic and Applied Sciences
Volume5
Issue number9
Publication statusPublished - Sep 2011

Fingerprint

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

Keywords

  • Economic growth
  • Information and Communication Technology
  • Newly Industrialized Countries

ASJC Scopus subject areas

  • General

Cite this

The impact of information and communication technology investment on economic growth in newly industrialized countries in Asia. / Kooshki, Maryam Farhadi; Ismail, Rahmah.

In: Australian Journal of Basic and Applied Sciences, Vol. 5, No. 9, 09.2011, p. 508-516.

Research output: Contribution to journalArticle

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