Quotation Raeskyesa, Dewa Gede Sidan, Lukas, Erica Novianti. 2019. Does Digitalization Increase Economic Growth? Evidence from ASEAN 8 Countries. Jurnal Ekonomi Indonesia (Indonesia Economic Journal). 8 (2), 267-278.




Digitalization has become relevant nowadays, not only because of the exposure of new technologies but also the consideration of its impact on the economy. In that regard, this study aims to analyze the effect of digitalization on economic growth. This study uses a descriptive analysis of the eight ASEAN middle-income countries from 1999 to 2014 as well as panel regression analysis with the dependent variable of GDP per capita growth and independent variables of physical capital, human capital, and ICT indicators. As a result, ICT indicators have a significant positive impact on economic growth, along with physical and human capital. The usage and intensity of ICT have a higher impact than access to ICT. Furthermore, human capital contributes the most among the other variables. We recommend the countries invest more in human capital to utilize ICT because it is the quality of human capital that matters to navigate the era of the digital economy.


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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Jurnal Ekonomi Indonesia (Indonesia Economic Journal)
Language English
Title Does Digitalization Increase Economic Growth? Evidence from ASEAN 8 Countries.
Volume 8
Number 2
Year 2019
Page from 267
Page to 278
Reviewed? Y
URL https://jurnal.isei.or.id/index.php/isei/article/view/33/12
DOI https://doi.org/10.52813/jei.v8i2.33
Open Access Y
Open Access Link https://doi.org/10.52813/jei.v8i2.33


Raeskyesa, Dewa Gede Sidan (Details)
Lukas, Erica Novianti (Universitas Prasetiya Mulya, Indonesia)
Institute for International Political Economy IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5325 Political economics (Details)
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