International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis

• 成果类型: Article
• 署名作者: Diao, XS; Rattso, J; Stokke, HE
• 署名单位: Norwegian University of Science & Technology (NTNU); CGIAR; International Food Policy Research Institute (IFPRI)
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2003.12.018
• 发表日期: 2005
• 页码: 429-450
• 关键词: intertemporal growth modeling; endogenous productivity growth; foreign technology spillover; trade and growth; thailand

摘要

Thailand has experienced economic growth well above world averages from 1960 to the recent crisis. While the controversy over Thailand and East Asian growth has discussed the role of capital accumulation versus productivity, we analyze the general equilibrium interaction between productivity and investment in an intertemporal growth model. The high growth is understood as a prolonged transition path with gradual tariff reduction and endogenous productivity driven by foreign spillover feeding capital investment. Counterfactual analyses show how protection would have reduced growth with productivity and investment slowdown, while shock liberalization would have raised immediate growth with faster convergence to steady state. (C) 2004 Elsevier B.V. All rights reserved.