An Empirical Panel Data Analysis on Technology Adoption and Economic Growth in 12-Selected Asian Countries

摘要

The contribution of new technology is synonym with developed nations when compares to the developing countries that commonly adopt the new technology. This paper attempts to empirically investigate the link between technology adoption and the economic growth of twelve selected developing Asian countries. The sources of technology adoption are from Mobile Cellular Subscription, Passenger Car in Use, Secure of internet Server and Fixed Telephone Line that could help in promoting economic growth of the nations. First, this study will apply three competing econometric models known as the Pooled OLS, the Random Effects Model and Fixed Effects Model to identify the suitable model that best explained the data of these nations. Next, from the model we could determine the significant sources which have effect on the economic growth of the nations. The empirical results indicate that Secure of Internet Server is the only source showing a positive significant impact on the Gross Domestic Product of these nations. Despite being the critical factor of technology adoption that would promote growth through e-commerce activities, countries are worry with the rapid increase of cybercrime threats. Hence, the movement toward sovereign control has become necessary for some countries to protect themselves from malicious cyber-attacks.