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Benign growth: Structural transformation and inclusive growth in Thailand

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  • Peter Warr
  • Waleerat Suphannachart

Abstract

Between 1981 and 2017, real gross domestic product in Thailand grew at an average annual rate of 5.7 per cent. Agricultural output grew more slowly than industry or services, and its gross domestic product share consequently declined. Industry's gross domestic product share increased, and the share of services remained relatively constant. Agriculture's employment share declined, but most new jobs were in services. Concurrently, poverty incidence declined dramatically.

Suggested Citation

  • Peter Warr & Waleerat Suphannachart, 2020. "Benign growth: Structural transformation and inclusive growth in Thailand," WIDER Working Paper Series wp-2020-46, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2020-46
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2020-46.pdf
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    References listed on IDEAS

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    1. Robert C. Feenstra & Robert Inklaar & Marcel P. Timmer, 2015. "The Next Generation of the Penn World Table," American Economic Review, American Economic Association, vol. 105(10), pages 3150-3182, October.
    2. Daron Acemoglu, 2010. "When Does Labor Scarcity Encourage Innovation?," Journal of Political Economy, University of Chicago Press, vol. 118(6), pages 1037-1078.
    3. Armida Alisjahbana & Kyunghoon Kim & Kunal Sen & Andy Sumner & Arief Anshory Yusuf, 2020. "The developer's dilemma: A survey of structural transformation and inequality dynamics," WIDER Working Paper Series wp-2020-35, World Institute for Development Economic Research (UNU-WIDER).
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    Cited by:

    1. Durongkaveroj, Wannaphong, 2022. "Recent Developments in Basic Education in Thailand: Issues and Challenges," ADBI Working Papers 1322, Asian Development Bank Institute.
    2. Veerayooth Kanchoochat, 2023. "Siamese Twin Troubles: Structural and Regulatory Transformations in Unequal Thailand," Asian Economic Policy Review, Japan Center for Economic Research, vol. 18(1), pages 47-68, January.

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    More about this item

    Keywords

    Inclusive growth; Inequality; Poverty reduction; Structural transformation; Thailand;
    All these keywords.

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