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Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?

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  • Coxhead, Ian A.

Abstract

Thailand's economic boom since 1987 resulted in absolute agricultural employment and land use declines. Both were caused by rapid wage growth due to nonagricultural investment. Irreversible land use changes and rapid agricultural mechanization have followed. Following the 1987 financial crisis, agriculture may no longer be able to absorb excess labor or dramatically increase output as in the past.

Suggested Citation

  • Coxhead, Ian A., 1998. "Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20791, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea98:20791
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    File URL: http://purl.umn.edu/20791
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    References listed on IDEAS

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    1. Martin, Will J. & Warr, Peter G., 1994. "Determinants of agriculture's relative decline: Thailand," Agricultural Economics, Blackwell, vol. 11(2-3), pages 219-235, December.
    2. Corden, W M & Findlay, Ronald, 1975. "Urban Unemployment, Intersectoral Capital Mobility and Development Policy," Economica, London School of Economics and Political Science, vol. 42(165), pages 59-78, February.
    3. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
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    Cited by:

    1. Coxhead, Ian, 2000. "Tax Reform and the Environment in Developing Economies: Is a Double Dividend Possible," Staff Paper Series 431, University of Wisconsin, Agricultural and Applied Economics.
    2. Waleerat Suphannachart & Peter Warr, 2010. "Total Factor Productivity in Thai Agriculture Measurement and Determinants," Working Papers 201001, Kasetsart University, Department of Agricultural and Resource Economics.
    3. Tipraqsa, Prasnee & Craswell, Eric T. & Noble, Andrew D. & Schmidt-Vogt, Dietrich, 2007. "Resource integration for multiple benefits: Multifunctionality of integrated farming systems in Northeast Thailand," Agricultural Systems, Elsevier, vol. 94(3), pages 694-703, June.
    4. Coxhead, Ian, 2002. "Development and the Environment in Asia: A Survey of Recent Literature," Staff Paper Series 455, University of Wisconsin, Agricultural and Applied Economics.

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