Development of Information and Communication Technology (ICT): Does it Drive Economic Growth in ASEAN?

Nurul Hasanah, Alvin Sugeng Prasetyo, Nadila Alfinuri, Naima Ayu Sahala

Abstract


The purpose of this study is to influence of International Financial Integration and Information and Communication Technology (ICT) on economic growth in ASEAN. The variables of ICT is fixed broadband subscription, fixed telephone subscription, mobile cellular subscription, individuals using the internet. The data uses panel data from nine ASEAN countries for the period 2010 to 2021. This research uses a quantitative approach. The method used is the Panel Vector Error Correction Model (PVECM). The variable of ICT with indicator fixed broadband and fixed telephone indicators had a negative and significant effect, while mobile cellular had a positive and insignificant effect and individuals using the internet had a positive and negative effect. significant to economic growth. Economic growth responded positively to fixed broadband subscriptions, while mobile subscriptions and individuals using the internet were positive at the start of the period, while telephone subscriptions remained negative. Fixed telephone subscriptions and individuals using the internet contribute more to economic growth than fixed broadband subscriptions and mobile subscriptions.

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References


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