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Constructing digital economy index: Case of small open economy

The main objective of this study is to develop a Digital Economy Index (DEI) for the case of Malaysia. The procedure used in this study to construct a composite indicator was from the ideas proposed by the Conference Board. This composite DEI is constructed by the high correlation component series...

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Main Authors: Toh-Hao, Tan, Jerome, Kueh, Shirly Siew-Ling, Wong
Format: Article
Language:English
Published: Semnan University 2022
Subjects:
H Social Sciences (General)
HA Statistics
Online Access:http://ir.unimas.my/id/eprint/39153/2/Constructing%20digital%20-%20Copy.pdf
http://ir.unimas.my/id/eprint/39153/
https://ijnaa.semnan.ac.ir/
http://dx.doi.org/10.22075/ijnaa.2021.23800.2612
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spelling my.unimas.ir.391532022-08-09T06:23:23Z http://ir.unimas.my/id/eprint/39153/ Constructing digital economy index: Case of small open economy Toh-Hao, Tan Jerome, Kueh Shirly Siew-Ling, Wong H Social Sciences (General) HA Statistics The main objective of this study is to develop a Digital Economy Index (DEI) for the case of Malaysia. The procedure used in this study to construct a composite indicator was from the ideas proposed by the Conference Board. This composite DEI is constructed by the high correlation component series with the various methods and procedures proposed by the previous researchers. This study shows that the DEI has the leading power, leading the reference series (ICTE) on average for 2.8 quarters. Thus, DEI can be the short-term forecasting tool to decide due to it can provide an early signal than the ICTE for significant economic events. Therefore, the construction of DEI is significant as it can be used by policymakers to predict and measure the digital economy performance for the country. Semnan University 2022 Article PeerReviewed text en http://ir.unimas.my/id/eprint/39153/2/Constructing%20digital%20-%20Copy.pdf Toh-Hao, Tan and Jerome, Kueh and Shirly Siew-Ling, Wong (2022) Constructing digital economy index: Case of small open economy. International Journal of Nonlinear Analysis and Applications, 13 (2). pp. 69-82. ISSN 2008-6822 https://ijnaa.semnan.ac.ir/ http://dx.doi.org/10.22075/ijnaa.2021.23800.2612
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
HA Statistics
spellingShingle H Social Sciences (General)
HA Statistics
Toh-Hao, Tan
Jerome, Kueh
Shirly Siew-Ling, Wong
Constructing digital economy index: Case of small open economy
description The main objective of this study is to develop a Digital Economy Index (DEI) for the case of Malaysia. The procedure used in this study to construct a composite indicator was from the ideas proposed by the Conference Board. This composite DEI is constructed by the high correlation component series with the various methods and procedures proposed by the previous researchers. This study shows that the DEI has the leading power, leading the reference series (ICTE) on average for 2.8 quarters. Thus, DEI can be the short-term forecasting tool to decide due to it can provide an early signal than the ICTE for significant economic events. Therefore, the construction of DEI is significant as it can be used by policymakers to predict and measure the digital economy performance for the country.
format Article
author Toh-Hao, Tan
Jerome, Kueh
Shirly Siew-Ling, Wong
author_facet Toh-Hao, Tan
Jerome, Kueh
Shirly Siew-Ling, Wong
author_sort Toh-Hao, Tan
title Constructing digital economy index: Case of small open economy
title_short Constructing digital economy index: Case of small open economy
title_full Constructing digital economy index: Case of small open economy
title_fullStr Constructing digital economy index: Case of small open economy
title_full_unstemmed Constructing digital economy index: Case of small open economy
title_sort constructing digital economy index: case of small open economy
publisher Semnan University
publishDate 2022
url http://ir.unimas.my/id/eprint/39153/2/Constructing%20digital%20-%20Copy.pdf
http://ir.unimas.my/id/eprint/39153/
https://ijnaa.semnan.ac.ir/
http://dx.doi.org/10.22075/ijnaa.2021.23800.2612
_version_ 1740829603996368896
score 13.211869

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