Hui Shan Lee
ABSTRACT
In an innovative economy, technology change is the heart of economic growth. Trade is central to economic growth that creates a global trading system that is more open and reliable for all. The diffusion of information and communication technologies (ICT) has made the process of trading become faster and cheaper. ICT has intensely influenced the global economy and its usage has been connected to marketplace transformation and more robust international trade.The rise of technology intensity around the globe has increased competition for trade in the ASEAN-5 economies. Do ICT facilitate the exchange of products and services between individuals, businesses and groups to enhance the trade in ASEAN-5? The objective of this study is to examine the impacts of broadband, internet, telephone and mobile use on trade flows in ASEAN-5 using panel regression models for year 2000-2018. The findings suggest that broadband, telephone and mobile use serve as complementary roles to the internet usage to enhance trade activities.The study also shows that the dominant technology driver isinternet. This study demonstrates that Neo-Schumpeterian Economics is important to explain technology as an important element determining the characteristics of international trade flows and growth in ASEAN-5. To improve the trade activities in ASEAN-5, encouragement on ICT use across individuals, firms and public administrations should be supported to stimulate international trade.
- [E. Rodriguez-Crespo, R. Marco, and M. Billon, "ICTs impacts on trade: a comparative dynamic analysis for internet, mobile phones and broadband," Asia-Pacific J. Account. Econ., vol. 00, no. 00, pp. 1--15, 2018.Google Scholar
- M. L. Wang and C. H. Choi, "How information and communication technology affect international trade: a comparative analysis of BRICS countries," Inf. Technol. Dev., vol. 0, no. 0, pp. 1--20, 2018.Google Scholar
- L. Liu and H. Nath, "Information and communications technology and trade in emerging market economies," Emerg. Mark. Financ. Trade, vol. 49, no. 6, pp. 67--87, 2013.Google ScholarCross Ref
- ASEAN, "Building the ASEAN Community," 2015. [Online]. Available: http://www.asean.org/wp-content/uploads/images/2015/October/outreach-document/Introduction to AEC-2.pdf. [Accessed: 02-Jul-2018].Google Scholar
- H. Lee, K. Low, S. Chong, and B.-K. Sia, "Influence of Secondary and Tertiary Literacy on Life Insurance Consumption?: Case of Selected ASEAN Countries," Geneva Pap. Risk Insur. - Issues Pract., vol. 43, no. 1, pp. 1--15, 2018.Google ScholarCross Ref
- J. Schumpeter, "Capitalsims, Socialsm, and Democracy," J. Econ. Literatur, vol. 20. p. 1463, 1942.Google Scholar
- C. Tay, "The impact of information and communication technologies on bilateral trade in services," Int. J. Serv. Oper. Informatics, vol. 9, no. 1, pp. 40--61, 2018.Google Scholar
- K. C. Chung, P. Fleming, and E. Fleming, "The impact of information and communication technology on international trade in fruit and vegetables in APEC," Asia. Pac. Econ. Lit., vol. 27, no. 2, pp. 117--130, 2013.Google ScholarCross Ref
- R. R. Kumar, P. J. Stauvermann, and A. Samitas, "The effects of ICT on output per worker: A study of the Chinese economy," Telecomm. Policy, vol. 40, no. 2--3, pp. 102--115, 2016.Google Scholar
- P. Fan, "Innovation capacity and economic development: China and India," Econ. Chang. Restruct., vol. 44, no. 1--2, pp. 49--73, 2011.Google Scholar
- E. Madudova, "The importance of mapping regional disparities and regional development: Case study of the ICT Sector in the Slovak Republic," Int. Conf. Reliab. Stat. Transp. Commun., vol. 36, no. February, pp. 403--412, 2017.Google Scholar
- T. Kopp and S. Lange, "The climate effect of digitalization in production and consumption in OECD countries," CEUR Workshop Proc., vol. 2382, pp. 1--11, 2019.Google Scholar
- V. K. Vemuri and S. Siddiqi, "Impact of commercialization of the Internet on international trade: A panel study using the extended gravity model," Int. Trade J., vol. 23, no. 4, pp. 458--484, 2009.Google ScholarCross Ref
- Atkearnry, "5G in ASEAN: Reigniting growth in enterprise and consumer markets," 2019.Google Scholar
- T. Star, "Building an inclusive digital ASEAN by 2040," 2019. [Online]. Available: https://www.thestar.com.my/news/regional/2019/09/15/building-an-inclusive-digital-asean-by-2040. [Accessed: 04-Nov-2019].Google Scholar
- D. N. Gujarati and D. C. Porter, Basic econometrics. McGraw-Hill Irwin, 2009.Google Scholar
- H. S. Lee, F. F. Cheng, S. C. Chong, and B. K. Sia, "Influence of Macroeconomics Factors and Legal Stability to the Insurance Growth in the ASEAN-5 Countries," J. Ekon. Malaysia, vol. 52, no. 2, pp. 219--229, 2018.Google Scholar
- BorneoPost, "Malaysia to be among first in Asia to roll-out 5G project," 2019. [Online]. Available: https://www.theborneopost.com/2019/10/07/malaysia-to-be-among-first-in-asia-to-roll-out-5g-project/. [Accessed: 04-Nov-2019].Google Scholar
Index Terms
- Does Neo-Schumpeterian economics matter?: An analysis of information and communication technology and international trade in ASEAN-5
Recommendations
Digital Dynamics and International Trade: Experiences of South and South-East Asia
The digital duo of the Internet and Mobile brought a sea change in production mode, economic, and market structure along with trade. A world where there are no time and space-bound eased business and commerce by extending the time of operation and ...
The Impact on the China's Participation of RCEP: Evidence from Gravity Model
ICEME '18: Proceedings of the 2018 9th International Conference on E-business, Management and EconomicsIn the context of deglobalization, international trade faces the growing uncertain circumstances. The general agreement in literature is that in Regional Comprehensive Economic Partnership (RCEP hereinafter) dominated by ASEAN, China plays an important ...
The Bangladesh Justice Audit
ICEGOV '17: Proceedings of the 10th International Conference on Theory and Practice of Electronic GovernanceThe Bangladesh Constitution guarantees human rights, freedom, equality, justice and rule of law for all citizens. Article 33(1) ensures the rights for each citizen to legal support and article 35(3) affirms that every person accused of a criminal ...
Comments