How Does Infrastructure Affect Economic Growth? Insights From a Semiparametric Smooth Coefficient Approach and the Case of Telecommunications in China

Zhang, Yin-Fang; Sun, Kai

doi:10.1111/ecin.12770

Cited by 10 publications

(5 citation statements)

References 58 publications

(89 reference statements)

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“…In general, the findings support the role of ICT in the economic performance of the ASEAN economies (Vu, 2017). These findings also support previous recent studies supporting the role of ICT in economic growth (Das et al, 2018;Edquist et al, 2018;Haini, 2019;Zhang & Sun, 2019). In terms of fixed telephone subscription, the insignificant coefficient may arise from the fact that the telecommunications sector across ASEAN economies has not been fully integrated, as premium costs are incurred when these technologies are used across the economies (ASEAN Secretariat, 2008).…”

Section: Resultssupporting

confidence: 84%

“…In summary, ICT has become embodied in production factors and technological progress, as it becomes both an intermediate input and investment good (Hwang & Shin, 2017). In addition, ICT contributes to output through neutral and non-neutral impacts by shifting the production function and reducing the output elasticity of capital, as it facilitates capital-intensive technological changes (Zhang & Sun, 2019). This highlights the importance of the ICT sector in fostering long-run growth through technological progress, as these technologies promote knowledge accumulation and spillovers, innovation and capital deepening.…”

Section: Ict and Growthmentioning

confidence: 99%

See 1 more Smart Citation

Information Communication Technologies, Globalisation and Growth: Evidence from the ASEAN Economies*

Haini

Loon

2022

J of App Econs and Policy

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This study examines the impact of information and communication technologies (ICT) and globalisation on economic growth in the (Association of South-East Asian) ASEAN economies from 1999 to 2019 using dynamic panel estimators. Previous literature has shown that ICT and globalisation can impact growth through the role of knowledge dissemination and information. Subsequently, this study examines the moderating impact of globalisation on the relationship between ICT and economic growth. Our results show that both ICT and globalisation are positive to growth. Interestingly, the marginal impact of ICT and globalisation suggests that the marginal impact of ICT is insignificant at low levels of globalisation. Policy implications are discussed.

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Section: Resultssupporting

confidence: 84%

Section: Ict and Growthmentioning

confidence: 99%

Information Communication Technologies, Globalisation and Growth: Evidence from the ASEAN Economies*

Haini

Loon

2022

J of App Econs and Policy

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show abstract

“…Similarly, Lin [9] argued that information and communication infrastructure had promoted the development of electronic commerce, which was necessary for both urban economic growth and industrial transformation. Moreover, taking China as an example, Zhang and Sun [10] also confirmed the existence of this promotion. Röller and Waverman [11] used OECD national panel data to further inquire into network effects.…”

Section: A Research On the Influence Of Internet Development On Econmentioning

confidence: 74%

How Does the Development of the Internet Affect Green Total Factor Productivity? Evidence From China

Han

Ding

et al. 2020

IEEE Access

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Green total factor productivity is not merely an inevitable choice to continuously increase the quality of China's economy, but also a booming demand to promote global development. With the fast development of the new generation information technology represented by world comprehensive web technology, Internet growth may well play a more crucial role in enhancing green total factor productivity in China. Based on 2009-2017 China's inter-provincial panel data, this article uses the threshold regression model and fixed-effect model to empirically investigate the influence intensity and internal mechanism of green total factor productivity in areas affected by the Internet development. We ultimately come to the following conclusions. First, there is a digital divide between the regions of China. Second, many factors such as Internet development, human capital, urbanization, energy efficiency, and external dependence all exert a positive influence on China's green total factor productivity. At the same time, government intervention is not conducive to green total factor productivity. Third, the influence of Internet growth on China's green total factor productivity is non-linear, based on the significant double threshold effect of human capital. As the level of human capital continues to exceed the threshold value, the effect of Internet expansion on the green total factor productivity of China has undergone a structural change. The result has changed from a weak negative influence to a positive one, and the significance is increasing. To advance the smart, green, and coordinated development among regions, it is necessary to bring "Internet +" into full play in promoting China's green total factor productivity, strengthen the deep integration of Internet development and industrial development, and improve the level of clean production utilizing network information.

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“…productive public capital formation. In order to cover the impact of public debt, the growth model can be extended with a non-linear impact of public capital on economic growth (Zhang & Sun, 2019). Thus, assuming government debt to be partially used for financing productive public capital, therefore, positive debt effects can be witnessed up to a certain level, after that level negative effects will occur.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Sustainable Developmet Facets: Does Sovereign Debt Accelerate the Economic Growth

Somjai¹,

Vasuvanich²,

Meechaiwong³

et al. 2019

JSSI

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The prime objective of the current study is to investigate the total sovereign debt on the economic growth of Thailand. Since domestic debt is considered to be an economic growth stimulator particularly during the period of recession, therefore, its instruments are intended to analyze in this research. In a country, the lack of funds may negatively influence economic growth, therefore, most countries like to use external debt to finance its expenditures, such as Thailand. This situation can be improved by focusing on these countries developmental research. In Thailand, the information scarcity regarding domestic debt acts as a policy constraint while designing an effective domestic debt mobilization policy. Thus, the present study predominantly aims to investigate the domestic debt effects on Thailand economic growth. The study has examined the domestic debt effects on the economic growth, during 1998-2018. The variables used in this study are extracted from the previous literature and the theoretical framework used in this study. The key variables analyzed are Treasury bills, Government securities, and Investment issues, not forgetting the loans mainly housing loans fund, market loans of Thailand. The study has used the Johansen and Juselius co-integration approach to examine the long run relationship while ECM approach was used to see the speed of adjustment in the short run. Furthermore, we have conducted the Lagrange Multiplier test to all variables to check the presence of autocorrelation. The results show that there is no autocorrelation in the variables. For the instrument of Government securities, we have found that all the variables which are financial sector, social security institutions, insurance companies, and financial sector show a statistically significant result in long run analysis. On the other hand, short run analysis based on ECM model shows that social security institution, insurance companies, financial sector and foreign holders turn to be significant while public sector show insignificant results. The result for ECM also shows that the model is well adjusted in the short run.

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How Does Infrastructure Affect Economic Growth? Insights From a Semiparametric Smooth Coefficient Approach and the Case of Telecommunications in China

Cited by 10 publications

References 58 publications

Information Communication Technologies, Globalisation and Growth: Evidence from the ASEAN Economies*

Information Communication Technologies, Globalisation and Growth: Evidence from the ASEAN Economies*

How Does the Development of the Internet Affect Green Total Factor Productivity? Evidence From China

Sustainable Developmet Facets: Does Sovereign Debt Accelerate the Economic Growth

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