The Role of Human Capital and Technology in Improving Economic Performance in Thailand

Abstract

The purpose of this study is to look at the relationship between human capital, technology, and economic growth in Thailand. Using vector analysis, we examine the causal connections between technology, human capital, and economic growth. This analysis uses secondary data from the World Bank for a yearly period from 1995 to 2020. We found that technology improves human performance where humans themselves have the human capital to work and maintain their work performance. With the existence of technology, the role of human capital is increasingly increasing. Because human capital is also needed in mastering technology and using technology in helping human work. Technology and human capital are two things that reinforce each other in increasing economic growth.