Digital development and economic growth in selected ASEAN countries: applying response surfaces for critical bounds of cointegration test

Duasa, Jarita and Ramadan, Aisha Elalim (2019) Digital development and economic growth in selected ASEAN countries: applying response surfaces for critical bounds of cointegration test. JATI-Journal of Southeast Asian Studies,, 24 (2). pp. 1-18. ISSN 1823-4127 E-ISSN 2600-8653

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Abstract

The study attempts to analyse the relationship between digital development and economic growth in selected ASEAN economies using small sample data. Using bound testing technique of cointegration, the new critical values of the test are recalculated to fit for small sample data of each country based on response surface in order to obtain rigorous results without ignoring the individual country analysis. The results show that long-run positive impact of digital transformation on economic growth is profound in Malaysia and the Philippines. However, in short-run, most countries in the region, regardless of income level or economic development, encountered negative implication of digital transformation on growth due to digital divide caused by the diversity of the member countries of ASEAN that might affect the accessibility and connectivity of network in the process of transformation.

Item Type:	Article (Journal)
Additional Information:	3479/77818
Uncontrolled Keywords:	economic growth, digital revolution, cointegration, response surface
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HB Economic Theory > HB131 Methodology.Mathematical economics. Quantitative methods H Social Sciences > HB Economic Theory > HB3711 Business cycles. Economic fluctuations T Technology > T Technology (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences
Depositing User:	Prof. Dr. Jarita Duasa
Date Deposited:	10 Jan 2020 11:49
Last Modified:	05 Feb 2020 08:52
URI:	http://irep.iium.edu.my/id/eprint/77818

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