ICT, Human Capital and TFP in Malaysia: A Statistical Approach (original) (raw)
Related papers
2018
The present study aims to investigate the relationship between economic growth, human capital and Information Communication Technology (ICT) in Malaysia in short and long run. Using time series data, the study adopts Autogressive Distributed Lag (ARDL) cointegration technique that applies the bound testing to examine the existence of the relationship between variables. The results suggest that in long run, economic growth is positively determined by capital, labour, ICT and human capital. In the short run, labor, capital and ICT contribute positively and significantly to economic growth but human capital negatively affects growth. The results imply that Malaysian government should undertake better policies that facilitate human capital development along with investment in ICT to boost economic growth of the country in short and long run.
World Review of Science, Technology and Sustainable …, 2006
Using Information and communication technology (ICT) in the activities of Malaysia's manufacturing sector contributes significantly to its productivity growth in general and total factor productivity (TFP) growth of the sector in particular. This study assumes that the use of ICT in the manufacturing sector is increasing from year to year in the form of a geometric progression due to the rapid innovations of ICT around the globe. Labour input was subdivided into skilled semi-skilled and unskilled, to measure the achievement of the knowledge-based economy (K-economy) through human capital involved in the sector. The results of this study show that the contribution of the ICT used in the sector was the highest one among the input terms. This means that achieving K-economy through ICT is faster than achieving it through the human capital and other traditional inputs. The impact of ICT on TFP contributions is significant and better than skilled labour as an indicator of knowledge workers (human capital) that showed a very low contribution of TFP. But the growth rate of TFP is lower compared with the growth rate of the ICT. As a result, the achievement of the K-economy is not in a geometric progression like that of the ICT development.
Journal of Information & Knowledge Management, 2006
This study measures the impact of ICT on Malaysia's aggregate output in the period 1965-2005. It closes a gap in existing literature by using the 3SLS technique on a country specific study. Telecommunication penetration rate is used as a proxy for ICT and analysed in both macro-economic and micro-economic perspectives. The findings of this study suggest that there is a causal relation between ICT and aggregate output in Malaysia and that the MSC and the privatisation policy of the telecommunication sector, are found to be indifferent to achieving expected economic growth in Malaysia.
Whose ICT Investment Matters to Economic Growth: Private or Public? The Malaysian Perspective
The Electronic Journal of Information Systems in Developing Countries
Theoretical and empirical research on the economic benefits of ICT is represented in academic and policy-related publications worldwide. Most of these studies assess the impact of ICT in countries as a cohort and most conclude that ICT is indeed a key driver for economic growth. Nevertheless, we are of the opinion that there is room for more research on this issue, especially pertaining to developing countries such as Malaysia, in light of the extensive ICT-based investments undertaken by the country in recent years. Consequently, we examined the effect of ICT investment carried out by both the private and public sector on Malaysia's economic growth over the period 1992-2006 using the ARDL econometrics approach. The empirical results suggest that ICT has had a significant impact on Malaysia's economic growth during this period of time, suggesting good payoffs from the investment. Specifically, ICT investments made by the private sector seem to have contributed significantly to the country's growth compared to investments made by the government. This implies that the private sector has adapted well to the various ICT-based policies implemented in the country over the years. This also shows that Malaysia's economy is being driven by the private sector, especially by the manufacturing and wholesale industries. We are however of the opinion that in order to sustain economic growth leveraged against ICT, more concerted efforts need to be made in order to escalate ICT diffusion in the country. Such initiatives will ensure that the value potential of ICT investments in the economy is maximized, due to greater ICT-enabled community that will translate to escalated economic growth.
RELATIONSHIP BETWEEN INFORMATION COMMUNICATION TECHNOLOGY AND ECONOMIC GROWTH IN MALAYSIA
International Research Journal of Marketing and Economics, 2018
This study examines the relationship between ICT and economic growth in Malaysia for the period of 2010 to 2017. Over the period of 8 years, the transformational change that Malaysia has experience has been tremendous. The usage and involvement of ICT has been the driving force behind every businesses bottom line. The sales of computers in Malaysia is used as a component to test this relationship. No doubt that mobile devices and its technology are the driving force for instant engagement, but computers, both desktops and laptops has been the forefront of business change. The significant boost in computer sales is proportionately relevant and significant to the usage, diffusion, and penetration of ICT in Malaysia. The results of this study confirm that there is a relationship between ICT and economic growth in Malaysia.
Human capital is an important input to growth almost in every economy. This paper analyses and compares the contribution of education and ICT (information and communication Technology) variables on economic growth. Multiple regression and unbalanced panel approach are applied to a sample of ten countries from 1976 to 2010. The results revealed that school life expectancy, primary and secondary school enrolment influence on Malaysia's growth. Meanwhile, the number of internet users, primary and tertiary school enrolment influences growth of Muslim countries.
Http Dx Doi Org 10 1080 13504850701719637, 2008
This paper focuses on the extent to which university-based research on Information and Communication Technology (ICT) addressed and impacted the Millennium Development Goals (MDGs) in education, social and economic development in the countries of Botswana, Namibia and Zimbabwe. Twenty-two ICT-related projects were selected on the basis of (a) having a focus on ICT research knowledge production, (b) intensive involvement of ICTs, and (c) not being more than five years old. The study was descriptive in nature and used both qualitative and quantitative in design using questionnaires, structured interviews and documentary schedules. The data collected was qualitatively analyzed. The findings of the study showed that ICT applications were a means to extend access to wider educational opportunities and this added value to productivity-related socioeconomic activities. It was concluded that the studies surveyed did make some positive contributions and education was the base for socioeconomic development in attainment of MDG's agenda through the use of ICT.
Assessing the Impact of ICT and Human Capital Impact On Productivity of ASEAN-5 Economies
Journal of Global Management, 2011
This paper empirically measures the impact of information and communication technology (ICT) and human capital on productivity of ASEAN5 (Malaysia, Indonesia, Philippines, Singapore and Thailand). Analytical analysis in this article has successfully corrected the defects of the predecessor study through a statistical estimation by way of arriving at the coefficients of the explanatory variables being used by econometric approach. A second step in a regular procedure has effectively plugged the parameters of the variables into a modified model in order to calculate the growth rates of productivity indicators being used by growth accounting. The assessment foresees a key finding that the productivity growth of the abovementioned ASEAN5 has been "input-driven". As reflected from the comparison among the results of total factor productivity (TFP) growth. The study also exposes a fact that the impact of ICT and human capital has been positive in the countries under considerations.