Abstract
Thailand's rapid economic development came about as a result of interaction between exports and investment expansion, both of which were achieved through a rise in productivity. Competitive pressure on firms and the ability of firms to increase productivity are important factors determining total factor productivity (TFP) growth. In this study, the authors examine empirically the determinants of TFP growth for Thai manufacturing industries in the 1970s and 1980s focusing on the effect of trade policies on TFP growth. Trade policies in Thailand went though a shift from import substitution in the 1970s to export promotion in the 1980s. Section II of this study provides an overview of Thai economic development; Section II looks at the changes in trade policies; and Section IV undertakes a quantitative analysis of the determinants of TFP growth. Finally, Section VI presents the conclusions. -from Authors
| Original language | English |
|---|---|
| Pages (from-to) | 444-459 |
| Number of pages | 16 |
| Journal | Developing Economies |
| Volume | 32 |
| Issue number | 4 |
| Publication status | Published - 1994 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Economics and Econometrics
- Development
Cite this
Trade liberalization and productivity growth in Thailand. / Urata, Shujiro; Yokota, Kazuhiko.
In: Developing Economies, Vol. 32, No. 4, 1994, p. 444-459.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Trade liberalization and productivity growth in Thailand
AU - Urata, Shujiro
AU - Yokota, Kazuhiko
PY - 1994
Y1 - 1994
N2 - Thailand's rapid economic development came about as a result of interaction between exports and investment expansion, both of which were achieved through a rise in productivity. Competitive pressure on firms and the ability of firms to increase productivity are important factors determining total factor productivity (TFP) growth. In this study, the authors examine empirically the determinants of TFP growth for Thai manufacturing industries in the 1970s and 1980s focusing on the effect of trade policies on TFP growth. Trade policies in Thailand went though a shift from import substitution in the 1970s to export promotion in the 1980s. Section II of this study provides an overview of Thai economic development; Section II looks at the changes in trade policies; and Section IV undertakes a quantitative analysis of the determinants of TFP growth. Finally, Section VI presents the conclusions. -from Authors
AB - Thailand's rapid economic development came about as a result of interaction between exports and investment expansion, both of which were achieved through a rise in productivity. Competitive pressure on firms and the ability of firms to increase productivity are important factors determining total factor productivity (TFP) growth. In this study, the authors examine empirically the determinants of TFP growth for Thai manufacturing industries in the 1970s and 1980s focusing on the effect of trade policies on TFP growth. Trade policies in Thailand went though a shift from import substitution in the 1970s to export promotion in the 1980s. Section II of this study provides an overview of Thai economic development; Section II looks at the changes in trade policies; and Section IV undertakes a quantitative analysis of the determinants of TFP growth. Finally, Section VI presents the conclusions. -from Authors
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UR - http://www.scopus.com/inward/citedby.url?scp=0028592156&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0028592156
VL - 32
SP - 444
EP - 459
JO - Developing Economies
JF - Developing Economies
SN - 0012-1533
IS - 4
ER -