ICT and Thai Economic Growth Nexus in the Bayesian VAR Model

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dc.contributor.authorRojniruttikul, Nuttawut
dc.contributor.authorVajrapatkul, Adirek
dc.date.accessioned2026-08-06T10:33:07Z
dc.date.available2026-08-06T10:33:07Z
dc.date.issued2021-07-08
dc.description.abstractThis work presents the effects of internet usage, mobile subscription, ICT export, and ICT import on Gross Domestic Product in the context of Thailand by utilizing the Bayesian vector autoregression (BVAR) model with the 24 periods of annual modified data running from 1993 to 2016. This model shows the interactions between these five variables and the forecast of GDP. The results from this work revealed that internet usage, mobile subscription, and ICT export positively affect GDP in the short run manner. Whereas ICT import showed little evidence of a negative effect on GDP. Also, this work confirms the superior forecast performance of BVER over traditional VAR. According to the results of the analysis, we hence recommend that government authorities should 1) invest or support the investments in ICT infrastructure related to internet and mobile utilization, 2) reduce the cost of acquiring internet and mobile equipment and the cost of accessing the internet and mobile service, and 3) support the ICT exporters.
dc.identifier.citationACM International Conference Proceeding Series, 37-44, 2021
dc.identifier.doi10.1145/3475971.3475978
dc.identifier.other2-s2.0-85116909609
dc.identifier.urihttps://dspace.kmitl.ac.th/handle/123456789/12177
dc.sourceACM International Conference Proceeding Series
dc.subjectBayesian vector autoregression
dc.subjectGross Domestic Product
dc.subjectICT export
dc.subjectICT import
dc.subjectInternet usage
dc.subjectMobile subscription
dc.titleICT and Thai Economic Growth Nexus in the Bayesian VAR Model
dc.typeConference Paper

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