IDEAS home Printed from https://ideas.repec.org/a/chi/journl/v1y2012i4p61-66.html
   My bibliography  Save this article

Economic impact of agro-industrial sector on nationwide economy of Thailand: A general equilibrium approach

Author

Listed:
  • Orakanya Kanjanatarakul

    (Rajamangala University of Technology Lanna Chiang Mai)

  • Komsan Suriya

    (Chiang Mai University)

Abstract

This study uses the computable general equilibrium model, KS-CGE version 2012 Type III, with the social accounting matrix of Thailand in 2010 to investigate the economic impact of the agro-industrial sector on the economy of Thailand. It simulates three scenarios: the expansionary household consumption on specific sectors, the expansionary government subsidy and the expansionary government spending into specific sectors. In the first scenario, the agro-industrial sector yields the second highest economic impact after the service sector. This is because the large backward linkages of the agro-industrial sector to other sectors. For the second scenario, the expansionary government subsidy into the agro-industrial sector in terms of cash creates the second highest economic impact after the sector of metal, metal products and industries. For the third scenario, the expansionary government spending into the agro-industrial sector yields only small economic impact. The government spending into the service sector produces much more economic impact because the trading value between the service sector and the government is much higher than that of agro-industrial sector.

Suggested Citation

  • Orakanya Kanjanatarakul & Komsan Suriya, 2012. "Economic impact of agro-industrial sector on nationwide economy of Thailand: A general equilibrium approach," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(4), pages 61-66, December.
    • Handle: RePEc:chi:journl:v:1:y:2012:i:4:p:61-66
    as

    Download full text from publisher

    File URL: http://www.jyoungeconomist.com/images/stories/EEQEL_V1_N4_December_2012_pp_061_066_Kanjanatarakul_Suriya(1).pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sudtasan, Tatcha & Suriya, Komsan, 2014. "CGE modeling of the impact of skilled labor movements in ASEAN Economic Community focusing on telecommunication industry," MPRA Paper 54057, University Library of Munich, Germany.
    2. Chanita Panmanee & Aree Cheamuangphan & Kasem Kunasri, 2013. "Consumer preferences, willingness to pay and ability to pay for fresh organic vegetables in Chiang Mai province," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(1), pages 29-42, March.

    More about this item

    Keywords

    Agro-industrial sector; economic impact; general equilibrium model; household consumption; government subsidy and spending;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:chi:journl:v:1:y:2012:i:4:p:61-66. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Komsan Suriya (email available below). General contact details of provider: https://edirc.repec.org/data/fecmuth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.