Trade liberalization and productivity growth in Thailand

Research output: Contribution to journalArticle

15 Citations (Scopus)

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 languageEnglish
Pages (from-to)444-459
Number of pages16
JournalDeveloping Economies
Volume32
Issue number4
Publication statusPublished - 1994
Externally publishedYes

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total factor productivity
trade liberalization
Thailand
liberalization
trade policy
productivity
economic development
export promotion
determinants
quantitative analysis
import substitution
firm
import
substitution
manufacturing
manufacturing industry
economics
Total factor productivity growth
Productivity growth
Trade liberalization

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 journalArticle

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