DETERMINANTS OF DIGITAL ECONOMY DEVELOPMENT IN SOUTHEAST ASIA: IMPLICATIONS FOR VIETNAM
DOI:
https://doi.org/10.62985/j.huit_ojs.vol26.no3E.479Keywords:
Digital economy, Southeast Asian countries, Driscoll-Kraay panel estimation.Abstract
This study examines the key determinants of digital economy development in Southeast Asia and draws policy implications for Vietnam. Based on endogenous growth theory, human capital theory, and institutional theory, the research employs panel data from Southeast Asian countries and applies advanced econometric techniques, including unit root tests, cointegration analysis, and Driscoll-Kraay estimations. The findings indicate that education is the most influential factor driving digital economy growth. Governance quality, however, exhibits a negative association with digital development, suggesting that traditional governance effectiveness may not align with the institutional flexibility required for digital transformation. Additionally, CO₂ emissions are positively associated with digital development, implying that digitalization may currently function as an adaptive response to structural and environmental pressures. These results provide important empirical evidence and practical policy recommendations for Vietnam in promoting sustainable and innovation-driven digital growth.
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