Spatial Linkage of Technological Progress, ICT base and Economic Output in CLMV Region

Rising technological progress and innovation, ICT base toward the era of modernization and globalization in developing countries has driven economic into the new structure of transitional development. The paper examines spatial linkage between technological progress and economic output in CLMV region during the observation period of 1995 to 2016. The conventional approach overcome simple RE and FE estimation, say FGLS and MLE-GLS reveals the consistency of empirical outcomes. It yields the crucial role of technological progress, as the proxy of internet server connection and ICT, computer import products in boosting the structure of economic output which generate to the growth rate in CLMV region. The findings suggest policy maker in exerting policy toward climate investment and trade to bring the country into path of facilitating flows of capitals, goods and service, particularly the business structure in line with adopting the technological innovation.