The Effects of Technology Disruption on Economic and Consumption Growth of Thailand

Cherlada Thongsawan

《DPU International Conference on Business Innovation and Social Sciences 2021》 International Sessions (2021/05) Pp. 114-123

https://doi.org/10.29608/caicictbs.202105.0015

摘要

Technology Disruption has a huge impact on today's society and economy. They are bringing about a fundamental change in the way of life of people today. The purpose of this research is to find out the relationship between technology disruption on the GDP growth and consumption growth of the population in Thailand by using the Unit root test and The Multivariate Autoregressive State-Space model for the period of 1991 - 2019. Furthermore, this study aims to question that wants to analyze the convergence of GDP growth and consumption growth in two periods during 1996- 2006 (before began 3G in Thailand) and 2007-2019 (after began 3G in Thailand). To achieved paper goals, we assumed variables are both dependent and independent variables including gross domestic product growth (GDPg), Final consumption expenditure (Cg). For Technology disruption, we used three variables to reflect economic growth and consumption namely Individuals using the internet (Uin), Mobile cellular subscriptions (MCS), and Technical cooperation grants (TCG). In Addition, we used five control variables that affect GDP growth consumption namely Gini index (Gini), Inflation (Inf), Gross fixed capital (GFC), and Net national income (Inc). For analysis, our data is used in this studied R and SPSS programs are used to estimate and display the result of this study. Our results show a significant relationship between the technology disruption with GDP growth and consumption in Thailand, to make it more attractive to invest in technology, to stimulate the economy in the future.

關鍵字

Technology disruption ； The Multivariate Autoregressive State-Space ； Convergence