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Learning and Foreign Technology Spillover in Thailand: Empirical Evidence on Productivity Dynamics

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Author Info
Jørn Rattsø
Hildegunn Ekroll Stokke

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Abstract

Thailand has experienced annual average growth of GDP of remarkable 6.6% during the period 1950 – 2000. We analyze total factor productivity (TFP) growth in a modified Nelson-Phelps framework where foreign trade and foreign direct investment influence the adoption of technology. The econometric analysis separating between sources of productivity for agriculture and industry covers the period 1975 – 96. International spillovers are significant and important, and both sectors have been able to take benefit of openness. The analysis addresses the endogeneity issues involved in the estimation of TFP sources and investigates the dynamics of productivity. The effects during the period studied must be interpreted as transition growth, and endogenous growth effects are rejected.

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Article provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.

Volume (Year): 29 (2003)
Issue (Month): ()
Pages: 47-66
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Handle: RePEc:noj:journl:v:29:y:2003:p:47-66

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Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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  3. Parente, Stephen L & Prescott, Edward C, 1994. "Barriers to Technology Adoption and Development," Journal of Political Economy, University of Chicago Press, vol. 102(2), pages 298-321, April. [Downloadable!] (restricted)
  4. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Mary Hallward-Driemeier & Giuseppe Iarossi & Kenneth L. Sokoloff, 2002. "Exports and Manufacturing Productivity in East Asia: A Comparative Analysis with Firm-Level Data," NBER Working Papers 8894, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  8. repec:pal:imfstp:v:48:y:2001:i:1:p:8 is not listed on IDEAS
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  9. Matsuyama, Kiminori, 1992. "Agricultural productivity, comparative advantage, and economic growth," Journal of Economic Theory, Elsevier, vol. 58(2), pages 317-334, December. [Downloadable!] (restricted)
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  11. Diao, Xinshen & Rattsø, Jørn & Stokke, Hildegunn Ekroll, 2002. "International spillovers, productivity growth and openness in Thailand," TMD discussion papers 89, International Food Policy Research Institute (IFPRI). [Downloadable!]
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  17. Jørn Rattsø & Ragnar Torvik, 2003. "Interactions between Agriculture and Industry: Theoretical Analysis of the Consequences of Discriminating Agriculture in Sub-Saharan Africa," Review of Development Economics, Blackwell Publishing, vol. 7(1), pages 138-151, February. [Downloadable!] (restricted)
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