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

  • Satawat Wannapan
  • Chukiat Chaiboonsri
Conference paper
Part of the Springer Proceedings in Business and Economics book series (SPBE)


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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© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Faculty of EconomicsChiang Mai UniversityChiang MaiThailand
  2. 2.Faculty of EconomicsChiang Mai UniversityChiang MaiThailand

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