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Poverty Reduction through Long-Term Growth: the Thai Experience

Warr, Peter


Thailand's impressive long-term rate of economic growth has resulted mainly from accumulation of physical capital. Total factor productivity (TFP) growth at the economy-wide level explains about one-third of the aggregate growth of output. However, this TFP growth was due entirely to resource reallocation from lowproductivity sectors, especially agriculture, to higher-productivity industry and services sectors. TFP growth at the sectoral level has been important only in agriculture. Poverty has...[Show more]

CollectionsANU Research Publications
Date published: 2009
Type: Journal article
Source: Asian Economic Papers
DOI: 10.1162/asep.2009.8.2.51


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