(pp.061-072) J. Ramlan and E. M. Ahmed ‘The impact of ICT in Malaysia: a simultaneous equations approach’, WJSTSD, Vol. 7, No, 1, 2010
Abstract: 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 macroeconomic and microeconomic 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.
Keywords: ICT; Malaysia; Economic growth; SEM; Simultaneous equations method