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Poverty Reduction through Long-Term Growth: the Thai Experience

Warr, Peter

Description

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]

dc.contributor.authorWarr, Peter
dc.date.accessioned2015-12-10T22:17:06Z
dc.identifier.issn1535-3516
dc.identifier.urihttp://hdl.handle.net/1885/51249
dc.description.abstractThailand'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 declined remarkably over time despite a steady increase in income inequality. The rate of decline in poverty incidence has been directly related to the rate of economic growth.
dc.publisherMIT Press
dc.sourceAsian Economic Papers
dc.titlePoverty Reduction through Long-Term Growth: the Thai Experience
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume8
dc.date.issued2009
local.identifier.absfor140219 - Welfare Economics
local.identifier.ariespublicationu4002919xPUB220
local.type.statusPublished Version
local.contributor.affiliationWarr, Peter, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage51
local.bibliographicCitation.lastpage76
local.identifier.doi10.1162/asep.2009.8.2.51
dc.date.updated2015-12-09T08:29:42Z
local.identifier.scopusID2-s2.0-70349187059
local.identifier.thomsonID000266949300009
CollectionsANU Research Publications

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