Long-term Outlook of the Thai Economy

Long-term Outlook of the Thai Economy

Author: Nariyasu Yamasawa

Publisher:

Published: 1999

Total Pages: 52

ISBN-13:

DOWNLOAD EBOOK

The Thai economy was in a state of confusion following the currency crisis of 1997, but has been showing signs of recovery from the second half of 1998. If this trend towards recovery continues, then how fast can we expect the economy to grow over the long-term? In this study, we use an econometric model to estimate the long-term growth path of the Thai economy.


The Thai Economy

The Thai Economy

Author: Chris Dixon

Publisher: Routledge

Published: 1998-12-03

Total Pages: 337

ISBN-13: 1134974868

DOWNLOAD EBOOK

This volume looks at the origins and consequences of the accelerated growth of the Thai economy since the mid-1980s, and explores the factors that set Thailand apart from other Asian, African and Latin American countries.


Thailand

Thailand

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2017-05-31

Total Pages: 22

ISBN-13: 1484301846

DOWNLOAD EBOOK

This Selected Issues paper analyzes factors that could bring inflation back to target in Thailand. The paper estimates a hybrid New Keynesian Phillips curve with time varying parameters to gauge the quantitative role of (long-term) inflation trends, economic slack, and import price inflation in shaping inflation dynamics. The analysis reveals some important changes in Thailand’s inflation dynamics. It suggests that the impact of lower import prices was a major factor behind the decline in headline inflation in 2015, with low oil prices the largest contributor to inflation dynamics. Monetary policy easing, within a broader expansionary policy mix, should help bring inflation back to target.


Thailand's Growth Path

Thailand's Growth Path

Author: Kaspar Richter

Publisher: World Bank Publications

Published: 2006

Total Pages: 66

ISBN-13:

DOWNLOAD EBOOK

"Thailand is one of the most successful developing countries. After decades of rapid growth, the economy rebounded quickly from the 1997-98 Asian crisis and is set to continue its expansion into the future. Nevertheless, there are doubts about the resilience of the Thai economy. The country appears to be on a lower growth projectory now than before the crisis. What growth can Thailand realistically expect? And what can the government do to sustain such growth into the future? Using a new methodology for identifying binding constraints to growth (Rodrik 2004 and Hausmann and others 2005), the author argues that Thailand's challenge is to maintain growth levels of 4 to 5 percent over the medium term. To achieve this goal, Thailand needs to continue its efforts of improving business infrastructure, trade integration, and skills, as well as intensifying its governance reforms."--World Bank web site.


Thailand's Macroeconomic Miracle

Thailand's Macroeconomic Miracle

Author: Peter G. Warr

Publisher: World Bank Publications

Published: 1996

Total Pages: 276

ISBN-13: 9780821326541

DOWNLOAD EBOOK

World Bank Discussion Paper No. 345. Focuses on financial sector reforms in the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia and provides a detailed assessment of where each country stands relative to European Union requirements for financial sector integration. The paper reviews current trends and changes in the countries' banking systems, the development of their capital markets, and the effects of changes in their legal and regulatory systems on banking supervision.


Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Thailand: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Thailand

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-06-03

Total Pages: 104

ISBN-13: 1513573020

DOWNLOAD EBOOK

A nascent recovery is underway in Thailand following the COVID-19 downturn. Ample policy buffers, underpinned by judicious management of public finances, allowed the authorities to implement a multipronged package of fiscal, monetary, and financial policies to mitigate the COVID-19 impact on households, businesses, and the financial system. This, together with rigorous containment measures, led to a successful flattening of the infection curve during most of 2020. Nevertheless, the pandemic has taken a large toll on the economy, potentially inducing long-term scarring and increasing inequality.