The relationship between technology infrastructure and bank credit: how should promote ASEAN economies?

Purpose: This study aims to analyze the causal relationship between technology infrastructure and bank credit, as well as the impact of this relationship on economic growth in ASEAN economies. Design/methodology/approach: To achieve this objective, the authors model the simultaneous relationship between these factors using a panel vector autoregressive (PVAR) approach. Findings: The estimation results indicate a positive correlation between technology infrastructure and bank credit. Furthermore, technology infrastructure plays a crucial role in promoting economic growth, while bank credit can indirectly influence economic growth through technology infrastructure, a novel finding compared to previous studies. Besides, the authors identify significant effects of government spending, foreign direct investment, and trade on economic growth. The findings provide a reliable foundation for the ASEAN economies to develop appropriate policies regarding the management of technology infrastructure and bank credit to stimulate economic growth. Originality/value: This study aims to analyze the causal relationship between technology infrastructure and bank credit, while also examining the impact of this relationship on economic growth in ASEAN economies. The findings are also expected to provide ASEAN economies with valuable and meaningful insights.

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Opracowanie rekordu ze środków MNiSW, umowa nr POPUL/SP/0154/2024/02 w ramach programu "Społeczna odpowiedzialność nauki II" - moduł: Popularyzacja nauki (2025)