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

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Advances in Panel Data Analysis in Applied Economic Research (ICOAE 2017)

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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.

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Author information

Authors and Affiliations

  1. Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand

    Satawat Wannapan

  2. Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand

    Chukiat Chaiboonsri

Authors
  1. Satawat Wannapan
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  2. Chukiat Chaiboonsri
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Corresponding author

Correspondence to Satawat Wannapan .

Editor information

Editors and Affiliations

  1. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Nicholas Tsounis

  2. Department of International Trade, Western Macedonia University of Applied Sciences, Kastoria, Greece

    Aspasia Vlachvei

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Wannapan, S., Chaiboonsri, C. (2018). An Analysis of ICT Sectors and Economic Growth: Evidence from ASEAN Countries. In: Tsounis, N., Vlachvei, A. (eds) Advances in Panel Data Analysis in Applied Economic Research. ICOAE 2017. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-70055-7_14

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