Theoretical and Applied Economics
No. 1 / 2023 (634), Spring
The potential of macroeconomic forces and ICT in affecting the sectorial growth: ARDL approach in the context of East Asian countries
University of Djibouti, Djibouti
Abstract. The current study examines the potential of macroeconomic forces and information and communications technology in affecting sectorial growth. Hereby, the paper employs annual time series data varying from 2000 to 2021 with the regard to East Asia and the Pacific as a focus region. Within this framework, the study considers three different sectors namely manufacturing, services, and agriculture as proxies for sectoral growth. To proceed with the examination Autoregressive Distributed Lag (ARDL) model and Granger causality test are performed to capture the long-run and short-run dynamic relationship among the variables. As well as to determine the direction of these relationships. In accordance with the findings, the paper uncovered that both in the long and short run fixed telephone subscription, gross capital formation, government expenditure, population growth, and both importation and exportation are decreasing the growth of the manufacturing, agricultural, and service sectors. On the other hand, the general expenditure of the government and the rate of agricultural exportation raise the value produced by the agricultural sector in the long term. The recent findings can be used as evidence particularly for emerging nations and policymakers, on the necessity of utilizing certain macroeconomic elements and technology to support their nation's sectoral growth.
Contents
Obstacles to innovation and policy implications: exploring the case of Romanian firms
Adjusting the 5C pentagon for better health policymaking: observing the leading behavioural risks factors (diet, smoking, and alcohol consumption)
Incentivizing CEOs via pay and forced turnover: Do tenure and managerial ability matter?
Forecasting the Romanian inflation rate: An Autoregressive Integrated Moving-Average (ARIMA) approach
The effects of geopolitical risks on tourism revenues of the Middle East and Asian countries
The potential of macroeconomic forces and ICT in affecting the sectorial growth: ARDL approach in the context of East Asian countries
Validity of asset pricing models in Istanbul Stock Exchange (ISE) information technology index
Dynamic relationship between external debt and unemployment in Sub-Saharan Africa
An analysis of factors influencing empowerment of rural women through Deendayal Antyodaya Yojana – National Rural Livelihood Mission (SGSY)
The impact of Covid-19 payment moratoria on the Romanian banking system
Uncertainty and monetary policy during the Covid-19 pandemic in Tunisia: Evidence from a Bayesian VAR
Research on the evolution of migration in Romania after the fall of the communist regime
Black Sea and East Mediterranean approach on sustainable development
An economic analysis of trade war and deglobalization in current international relations within the paradigm of globalization
Financial difficulties and economic recession: Evidence from Canadian seniors
Inflation targeting and exchange rate pass-through in India: Lessons from international experience
The circular economics of constructions
Market mood index and stock market. Evidence from National Stock Exchange
Analysis of the effects of social and fiscal policy on incomes during the COVID-19 pandemic in Romania