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Jurnal Ekonomi Malaysia

46 (1) 2012 165 – 171

Comparison of Information and Communication Technology Contribution on Newly Industrialized Countries’ Economic Growth
Perbandingan Sumbangan Teknologi Maklumat dan Komunikasi kepada Pertumbuhan Ekonomi Negara Industri Baru

Islamic Azad University
Mobarakeh Branch
Department of Accounting
Isfahan, IRAN

farhadim58@gmail.com

Faculty of Economic and Management
Universiti Kebangsaan Malaysia
MALAYSIA

rahis@ukm.my

Abstract

In recent years, progress in Information and Communication Technology (ICT) has caused many structural changes, including the reorganization of economics, globalization, and trade extension, which has led to capital flows and the enhancement of information availability. Moreover, ICT plays a significant role in the 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, due to different research methodology and geographical configuration utilized in the studies. 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 indicates that if these countries seek to enhance their economic growth, they need to implement specific policies that facilitate investment in ICT.

Keywords

economic growth; information and communication technology; newly industrialized countries
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Farhadi, , & Ismail, (2012). Comparison of Information and Communication Technology Contribution on Newly Industrialized Countries’ Economic Growth. Jurnal Ekonomi Malaysia, 46(1), 165–171.

@article{farhadi2012comparison,
  title={Comparison of Information and Communication Technology Contribution on Newly Industrialized Countries’ Economic Growth},
  author={Farhadi, Maryam and Ismail, Rahmah},
  journal={Jurnal Ekonomi Malaysia},
  volume={46},
  number={1},
  pages={165—171},
 

year={2012},
}

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