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Analysis on the Macroeconomy and Industrial Policies toward Industrial Upgrading in Thailand and Policy Recommendations (Japanese)


  • FUKUOKA Noriyoshi
  • OCHIAI Ryo
  • TADA Satoshi


This paper, based on analysis on the macroeconomy and industrial policies in Thailand, discusses the industrial structure to which Thailand should aim toward in transitioning into a high income country as well as the necessary policies for industrial upgrading, which is a critical issue in the Thai economy that is facing the risk of a "middle-income trap." The analysis on industrial structures in Thailand shows that both productivity and employment at the country-level can be improved by shifting more resources from the agriculture sector to the manufacturing and service sector. Through the analysis on the past and current industrial policies, we stress the importance of introducing industry-targeting policies which are based on the market-oriented policies generally pursued by the Thai government hitherto. More concretely, we discuss the importance of incorporating infrastructure and supporting industry development to the cluster policy adopted under the current Thai government in a more consistent manner and propose necessary measures for development of the automobile industry taking into consideration of the current Japan-Thailand economic cooperation.

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  • FUKUOKA Noriyoshi & OCHIAI Ryo & TADA Satoshi, 2016. "Analysis on the Macroeconomy and Industrial Policies toward Industrial Upgrading in Thailand and Policy Recommendations (Japanese)," Policy Discussion Papers (Japanese) 16013, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rpdpjp:16013

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    1. Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, January.
    2. Alan M. Taylor, 1996. "Convergence and International Factor Flows in Theory and History," NBER Working Papers 5798, National Bureau of Economic Research, Inc.
    3. Fujita, Masahisa & Krugman, Paul & Mori, Tomoya, 1999. "On the evolution of hierarchical urban systems1," European Economic Review, Elsevier, vol. 43(2), pages 209-251, February.
    4. Fujita, Masahisa & Tabuchi, Takatoshi, 1997. "Regional growth in postwar Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 643-670, November.
    5. Brezis, Elise S & Krugman, Paul R & Tsiddon, Daniel, 1993. "Leapfrogging in International Competition: A Theory of Cycles in National Technological Leadership," American Economic Review, American Economic Association, vol. 83(5), pages 1211-1219, December.
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