Migration Of Smartphone Revolution On Economic Prosperity Of ASEAN Countries

Abstract

In the early 21^st century, an expansive technological paradigm transformed global economies and societies. This study assesses the impact of the mobile revolution on essential metrics in the telecommunications service sector, also investigates whether the mobile revolution correlates with improved individual incomes in the nations comprising the Association of Southeast Asian Nations (ASEAN). Through a meticulous examination of time-series and panel data spanning the years 1990 to 2023, the findings derived from the Interrupted-Time Series analysis (ITS) unveil that the pivotal year of 2007 marked a substantial escalation in mobile subscription density, employment within the telecommunications services sector, and investment in said sector across the majority of ASEAN countries. The panel Autoregressive Distributed Lag Cointegration (Panel ARDL) further elucidates a lasting and positive association among pivotal variables—employment in telecommunication, investment in the smartphone industry, market size for mobile communication services, and GDP per capita. These results highlight that advancements and active involvement in the smartphone industry significantly contribute to the income of residents in ASEAN countries.