International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis
Thailand has experienced economic growth well above world averages from 1960 to the recent crisis. While the controversy over Thailand and East Asian growth has discussed the role of capital accumulation versus productivity, we analyze the general equilibrium interaction between productivity and inv...
| Autores principales: | , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
2005
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/172289 |
| _version_ | 1855516263944552448 |
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| author | Diao, Xinshen Rattso, Jorn Stokke, Hildegunn Ekroll |
| author_browse | Diao, Xinshen Rattso, Jorn Stokke, Hildegunn Ekroll |
| author_facet | Diao, Xinshen Rattso, Jorn Stokke, Hildegunn Ekroll |
| author_sort | Diao, Xinshen |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Thailand has experienced economic growth well above world averages from 1960 to the recent crisis. While the controversy over Thailand and East Asian growth has discussed the role of capital accumulation versus productivity, we analyze the general equilibrium interaction between productivity and investment in an intertemporal growth model. The high growth is understood as a prolonged transition path with gradual tariff reduction and endogenous productivity driven by foreign spillover feeding capital investment. Counterfactual analyses show how protection would have reduced growth with productivity and investment slowdown, while shock liberalization would have raised immediate growth with faster convergence to steady state. |
| format | Journal Article |
| id | CGSpace172289 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2005 |
| publishDateRange | 2005 |
| publishDateSort | 2005 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1722892025-02-19T14:06:46Z International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis Diao, Xinshen Rattso, Jorn Stokke, Hildegunn Ekroll economics models technology trade policies equilibrium economic growth Thailand has experienced economic growth well above world averages from 1960 to the recent crisis. While the controversy over Thailand and East Asian growth has discussed the role of capital accumulation versus productivity, we analyze the general equilibrium interaction between productivity and investment in an intertemporal growth model. The high growth is understood as a prolonged transition path with gradual tariff reduction and endogenous productivity driven by foreign spillover feeding capital investment. Counterfactual analyses show how protection would have reduced growth with productivity and investment slowdown, while shock liberalization would have raised immediate growth with faster convergence to steady state. 2005-04 2025-01-29T12:59:43Z 2025-01-29T12:59:43Z Journal Article https://hdl.handle.net/10568/172289 en Limited Access Elsevier Diao, Xinshen; Rattso, Jorn; Stokke, Hildegunn Ekroll. 2005. International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis. Journal of Development Economics 76(2): 429-450. https://doi.org/10.1016/j.jdeveco.2003.12.018 |
| spellingShingle | economics models technology trade policies equilibrium economic growth Diao, Xinshen Rattso, Jorn Stokke, Hildegunn Ekroll International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title | International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title_full | International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title_fullStr | International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title_full_unstemmed | International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title_short | International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis |
| title_sort | international spillovers productivity growth and openness in thailand an intertemporal general equilibrium analysis |
| topic | economics models technology trade policies equilibrium economic growth |
| url | https://hdl.handle.net/10568/172289 |
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