3rd GLOBAL CONFERENCE on BUSINESS, ECONOMICS, MANAGEMENT and TOURISM, Rome, Italy, 26 November 2015, pp.156-164
This paper proposes an overview of macroeconomic correlation between telecom investments and the GDP of MINT countries.
MINT countries are Mexico, Indonesia, Nigeria and Turkey and the term has populated by Goldman Sachs, who has also created
a relatively more referred term BRICS. The paper holds a specialized literature for each of MINT countries and then proposes a
statistical model for correlation analysis, which is built on three well-known correlation coefficient calculation, Kendall’s Tau,
Spearman’s Rho and Pearson’s Product Moment Correlation. The results show a high correlation between the telecom investment
and the GDP for each of the countries, but the correlation coefficient differs from country to country. For example the highest
correlation monitored is in Nigeria with about 70% and the lowest correlation is in Indonesia with about 44%.