The Effect of Technology on Economy

N. Rojniruttikul, Adirek Vajrapatkul
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Abstract

This research aims to ingestigate the effect of technological progress on capital input. To meet the research objective, the simple closed economy DSGE model was constructed. The Bayesian technique is then employed to estimate the model parameters by using the quarterly detrended data of Thailand, which covers the period between 2001:Q1 and 2019:Q2, including GDP, policy rate, and employment. The result showed that technological progress can produce potential effects on major economic variables, namely labor, capital, price, return, consumption, and national income, and fits some previous studies. Therefore, government investment in technology and support for technology development should lead to economic growth.
技术对经济的影响
本研究旨在探讨技术进步对资本投入的影响。为达到研究目的,构建了简单封闭经济DSGE模型。然后使用贝叶斯技术通过使用泰国的季度趋势数据来估计模型参数,该数据涵盖2001年第一季度至2019年第二季度,包括GDP,政策利率和就业。结果表明,技术进步对劳动、资本、价格、报酬、消费和国民收入等主要经济变量产生潜在影响,与前人的研究结果吻合。因此,政府对技术的投资和对技术发展的支持应该会导致经济增长。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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