Analysing the Sources of Growth in an Emerging Market Economy: The Thailand Experience

MPRA Paper from University Library of Munich, Germany

Abstract: This paper investigates the sources of economic growth in Thailand during the period 1975 to 2014. The results show that, in the long run, human capital and inflation exert a positive and significant impact on output, while foreign direct investment and foreign aid have negative and significant impact on output. The results also show that, in the short run, physical capital, labour and human capital have a positive and significant impact on growth, while the initial level of human capital, government expenditure, the initial level of inflation, foreign direct investment and foreign aid have a negative and significant impact on growth. Based on these findings, we offer some policy implications.

Keywords: sources of growth; Thailand; ARDL bounds testing (search for similar items in EconPapers)
JEL-codes: C22 O47 O53 (search for similar items in EconPapers)
Date: 2018-04
New Economics Papers: this item is included in nep-gro and nep-sea
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Citations: View citations in EconPapers (5)

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Journal Article: Analysing the sources of growth in an emerging market economy: the Thailand experience (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:86337

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