A Developmental Framework for ICT and Labour Productivity in Developing Countries:

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  • A Developmental Framework for ICT and Labour Productivity in Developing Countries : A Case Study of Thailand
  • A Case Study of Thailand

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The aim of this study is to verify the causal relationship between ICT and economic development in Thailand by providing a comprehensive framework based on economic theory and followed by sound quantitative analyses. The framework consists of three elements, namely communications consumption, communications investment, and labour productivity. The contribution of ICT to economic growth has been repeatedly discussed in the literature. Most studies have concluded positive impacts of ICT on economic development in various countries. This study tackles a further investigation on the issue by focusing on the relationship of ICT and the improvement of labour productivity in a developing country. Thailand is selected as ground for investigation since for this country the relationship has not yet been examined by using a macroeconomic model. In other words, this study aims to provide a country study with respect to the impact of ICT on the macroeconomic development. The results from OLS estimation and a bivariate autoregressive estimation show that the improvement in the value of either communications consumption or investment leads to the increase of labour productivity. This is in accordance with the proposed framework; hence, it can be considered a proper fundamental for practical extension. A remarkable result is that an improvement in the value of communications consumption also leads to the growth of the value of communications investment. This is because an increase in the level of communications consumption reveals that the workers are getting more familiar with ICT-related devices and services, which further stimulates firms to invest more as they can ensure effective utilisation of the increased ICT-related capital. Finally, relevant policy implications include promotional policies to increase communications consumption, and some business incentives to facilitate ICT investment.

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