Constructing digital economy index: Case of small open economy

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

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Digital Economy Index, composite indicator, forecasting 2020 MSC: 03H10.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HA Statistics
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Swee Hui
Date Deposited: 09 Aug 2022 06:23
Last Modified: 09 Aug 2022 06:23
URI: http://ir.unimas.my/id/eprint/39153

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