The Impact of Digital Transformation on Economic Integration in ASEAN-6: Evidence from a Generalized Least Squares (GLS) Model

This study analyzes the impact of digital transformation on the international economic integration of ASEAN-6 countries during the period of 2000–2023 using the Generalized Least Squares (GLS) estimation method. The findings indicate that factors such as fixed broadband subscriptions (FixB), fixed telephone subscriptions (FixT), and the value added from medium- and high-tech manufacturing (MHT) have a positive and statistically significant effect on trade openness (TO). Conversely, mobile cellular subscriptions (MB) and the percentage of individuals using the Internet (IU) exhibit a negative impact on economic integration, reflecting the uneven development of digital infrastructure across countries. Based on these results, the study suggests policy implications, including substantial investment in digital infrastructure, technological advancement in production, and improved accessibility to digital services to foster more effective economic integration. ASEAN-6 countries should adopt tailored development strategies that emphasize innovation and the development of a skilled digital workforce to enhance their competitiveness both regionally and globally.

Authors

Institutions

Publication Details

Journal
Journal of risk and financial management
Published
2025-04-02
DOI
https://doi.org/10.3390/jrfm18040189
Citations
4
Primary Topic
Economic Growth and Productivity
Type
article
Field-Weighted Citation Impact
12.52
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The Impact of Digital Transformation on Economic Integration in ASEAN-6: Evidence from a Generalized Least Squares (GLS) Model

Thi Anh Tuyet Le
4 citations
Journal of risk and financial management
Economic Growth and Productivity
12.52
article

The Impact of Digital Transformation on Economic Integration in ASEAN-6: Evidence from a Generalized Least Squares (GLS) Model

Thi Anh Tuyet Le
article en
4 citations

Abstract

This study analyzes the impact of digital transformation on the international economic integration of ASEAN-6 countries during the period of 2000–2023 using the Generalized Least Squares (GLS) estimation method. The findings indicate that factors such as fixed broadband subscriptions (FixB), fixed telephone subscriptions (FixT), and the value added from medium- and high-tech manufacturing (MHT) have a positive and statistically significant effect on trade openness (TO). Conversely, mobile cellular subscriptions (MB) and the percentage of individuals using the Internet (IU) exhibit a negative impact on economic integration, reflecting the uneven development of digital infrastructure across countries. Based on these results, the study suggests policy implications, including substantial investment in digital infrastructure, technological advancement in production, and improved accessibility to digital services to foster more effective economic integration. ASEAN-6 countries should adopt tailored development strategies that emphasize innovation and the development of a skilled digital workforce to enhance their competitiveness both regionally and globally.

Journal of risk and financial managementVol. 18(4)
Ho Chi Minh University of Banking (VN)
Openalex Percentile: Top 2%
Economic Growth and Productivity
12.52
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.