|
Abstract:
|
The purpose of this study was to examine the relationship between the research and development expenditures, investments in information and communications technology, and Thailand’s economic growth. The annual data from 2009 to 2013 showed that the variables used in the study including the economic growth, physical capital, labor, the research and development expenditures and the research expenditures in the information and communications technology. The results from the comparison showed the lower proportion between the research and development expenditures and Thailand’s economic growth compared to developed countries such as Japan and South Korea. The results from the cointegration found that the economic growth were cointegrated with the physical capital, labor, the research and development expenditures and the research expenditures in the information and communications technology by Phillips-Ouliaris test and Engle-Granger methods. Furthermore, the results from regression analysis showed that the physical capital and labor affect to the economic growth. These findings suggest that, the government would develop on the economic growth including economic development, the increase in human resources development are important.
Keyword: R&D, ICT, Relationships, Economic Growth
|