The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries
Information and communication technologies have become widespread with the onset of globalization, affecting almost every facet of human life. Increasing internet usage has made accessing information swift and easy. The internet has also had a significant economic impact and provided financial benef...
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| Format: | Article |
| Language: | English |
| Published: |
Bina Nusantara University
2022-08-01
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| Series: | Journal of ASEAN Studies |
| Subjects: | |
| Online Access: | https://journal.binus.ac.id/index.php/jas/article/view/7310 |
| _version_ | 1811308655063072768 |
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| author | Mustafa Necati Çoban |
| author_facet | Mustafa Necati Çoban |
| author_sort | Mustafa Necati Çoban |
| collection | DOAJ |
| description | Information and communication technologies have become widespread with the onset of globalization, affecting almost every facet of human life. Increasing internet usage has made accessing information swift and easy. The internet has also had a significant economic impact and provided financial benefits to nations all around the world to increase productivity and efficiency and reduce costs. Customers had been able to access products at lower prices as a result of the reduction in market entry barriers and search costs, which led to an increase in competition in the markets. The research aimed to investigate the effect of the internet on inflation in ASEAN-5 countries (Indonesia, Malaysia, Philippines, Singapore, and Thailand). Consumer prices (annual %) were used as an indicator of inflation, and individuals using the internet (% of population) were used as an indicator of internet usage. Control variables such as unemployment rate, real interest rate, energy use and money growth were also included in the research. Panel data analysis was performed using the data of ASEAN-5 countries covering the period of 1994-2014. Pooled least squares method (Pooled OLS) was applied to obtain an estimation of the model. As a result, it is found that as internet usage increases, inflation rates decrease in ASEAN-5 countries. |
| first_indexed | 2024-04-13T09:28:11Z |
| format | Article |
| id | doaj.art-d86c6cc4ec08451d96ecf9d93de75122 |
| institution | Directory Open Access Journal |
| issn | 2338-1361 2338-1353 |
| language | English |
| last_indexed | 2024-04-13T09:28:11Z |
| publishDate | 2022-08-01 |
| publisher | Bina Nusantara University |
| record_format | Article |
| series | Journal of ASEAN Studies |
| spelling | doaj.art-d86c6cc4ec08451d96ecf9d93de751222022-12-22T02:52:23ZengBina Nusantara UniversityJournal of ASEAN Studies2338-13612338-13532022-08-0110110.21512/jas.v10i1.73106384The Effect of the Internet on Inflation: A Research on ASEAN-5 CountriesMustafa Necati Çoban0Tokat Gaziosmanpaşa UniversityInformation and communication technologies have become widespread with the onset of globalization, affecting almost every facet of human life. Increasing internet usage has made accessing information swift and easy. The internet has also had a significant economic impact and provided financial benefits to nations all around the world to increase productivity and efficiency and reduce costs. Customers had been able to access products at lower prices as a result of the reduction in market entry barriers and search costs, which led to an increase in competition in the markets. The research aimed to investigate the effect of the internet on inflation in ASEAN-5 countries (Indonesia, Malaysia, Philippines, Singapore, and Thailand). Consumer prices (annual %) were used as an indicator of inflation, and individuals using the internet (% of population) were used as an indicator of internet usage. Control variables such as unemployment rate, real interest rate, energy use and money growth were also included in the research. Panel data analysis was performed using the data of ASEAN-5 countries covering the period of 1994-2014. Pooled least squares method (Pooled OLS) was applied to obtain an estimation of the model. As a result, it is found that as internet usage increases, inflation rates decrease in ASEAN-5 countries.https://journal.binus.ac.id/index.php/jas/article/view/7310internetinflationpanel data analysisasean-5 countries |
| spellingShingle | Mustafa Necati Çoban The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries Journal of ASEAN Studies internet inflation panel data analysis asean-5 countries |
| title | The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries |
| title_full | The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries |
| title_fullStr | The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries |
| title_full_unstemmed | The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries |
| title_short | The Effect of the Internet on Inflation: A Research on ASEAN-5 Countries |
| title_sort | effect of the internet on inflation a research on asean 5 countries |
| topic | internet inflation panel data analysis asean-5 countries |
| url | https://journal.binus.ac.id/index.php/jas/article/view/7310 |
| work_keys_str_mv | AT mustafanecaticoban theeffectoftheinternetoninflationaresearchonasean5countries AT mustafanecaticoban effectoftheinternetoninflationaresearchonasean5countries |