An Analysis of ICT infrastructure, FDI, and economic growth relationship evidence from ASEAN countries

Abstract

This study analyzes the relationship between Foreign Direct Investment (FDI), ICT infrastructures, inflation rate, exchange rate, capital, labor, and Economic Growth in six selected ASEAN countries: Singapore, Malaysia, Thailand, the Philippines, Vietnam, and Indonesia. It also investigates the impact of FDI, ICT infrastructure, exchange rate, and inflation rate on economic growth in the ASEAN region from 2000 to 2018. The study utilizes secondary data from various sources such as the World Bank, IMF, and ITU. The findings aim to assist policymakers and decision-makers in these countries by identifying key factors and minimizing costs in strategy implementation. It also sheds light on the significance of FDI, ICT, inflation rate, exchange rate, capital, and labor in driving Economic Growth during the 2000-2018 period. The results can guide ASEAN policymakers in formulating effective economic principles, predicting future economic situations, and addressing potential crises or risks. This paper contributes to existing knowledge by advancing the understanding of the relationships between economic growth, ICT, FDI, inflation rate, exchange rate, capital, and labor, using state-of-the-art econometric techniques. Additionally, it serves as a valuable resource for academic research, allowing students to gain a practical perspective beyond theoretical concepts. Furthermore, researchers and students interested in studying ASEAN countries can use this study as a reference for their own research endeavors.