Thailand in the era of digital economy: How does digital technology promote economic growth?

© Springer International Publishing AG 2018. As Thailand has undergone the reformation in both social and economic dimensions due to the digital economy, technologies are now becoming the new driving forces of economic growth. Therefore, an attempt of this study is to provide an empirical evidence o...

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Main Authors: Noppasit Chakpitak, Paravee Maneejuk, Somsak Chanaim, Songsak Sriboonchitta
Format: Book Series
Published: 2018
Online Access:https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037870461&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/43877
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Institution: Chiang Mai University
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spelling th-cmuir.6653943832-438772018-01-24T04:14:36Z Thailand in the era of digital economy: How does digital technology promote economic growth? Noppasit Chakpitak Paravee Maneejuk Somsak Chanaim Songsak Sriboonchitta © Springer International Publishing AG 2018. As Thailand has undergone the reformation in both social and economic dimensions due to the digital economy, technologies are now becoming the new driving forces of economic growth. Therefore, an attempt of this study is to provide an empirical evidence on this issue, examining how increases in digital technologies impact the Thai economy. This study employs the stochastic frontier model estimated by entropy approach to model the production function. Because of a specific capability of this model, we are also able to find out how efficiently those technologies are utilized. The estimated results show that technologies can contribute positively to the Thai economy although the magnitudes are small. Moreover, our finding emphasizes that the digital technologies are not being used at the maximum capability, therefore, there is still a room for improvement in Thailand. 2018-01-24T04:14:36Z 2018-01-24T04:14:36Z 2018-01-01 Book Series 1860949X 2-s2.0-85037870461 10.1007/978-3-319-70942-0_25 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037870461&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43877
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
description © Springer International Publishing AG 2018. As Thailand has undergone the reformation in both social and economic dimensions due to the digital economy, technologies are now becoming the new driving forces of economic growth. Therefore, an attempt of this study is to provide an empirical evidence on this issue, examining how increases in digital technologies impact the Thai economy. This study employs the stochastic frontier model estimated by entropy approach to model the production function. Because of a specific capability of this model, we are also able to find out how efficiently those technologies are utilized. The estimated results show that technologies can contribute positively to the Thai economy although the magnitudes are small. Moreover, our finding emphasizes that the digital technologies are not being used at the maximum capability, therefore, there is still a room for improvement in Thailand.
format Book Series
author Noppasit Chakpitak
Paravee Maneejuk
Somsak Chanaim
Songsak Sriboonchitta
spellingShingle Noppasit Chakpitak
Paravee Maneejuk
Somsak Chanaim
Songsak Sriboonchitta
Thailand in the era of digital economy: How does digital technology promote economic growth?
author_facet Noppasit Chakpitak
Paravee Maneejuk
Somsak Chanaim
Songsak Sriboonchitta
author_sort Noppasit Chakpitak
title Thailand in the era of digital economy: How does digital technology promote economic growth?
title_short Thailand in the era of digital economy: How does digital technology promote economic growth?
title_full Thailand in the era of digital economy: How does digital technology promote economic growth?
title_fullStr Thailand in the era of digital economy: How does digital technology promote economic growth?
title_full_unstemmed Thailand in the era of digital economy: How does digital technology promote economic growth?
title_sort thailand in the era of digital economy: how does digital technology promote economic growth?
publishDate 2018
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037870461&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/43877
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