Publication Code: RM15
by Pranee Tinakorn and Chalongphob Sussangkarn
The word "productivity" is often associated with "labor productivity" or "capital productivity," which is only a partial measurement of productivity. Since the growth of output is a result of the increase in all factor inputs, including technical progress, it is interesting to probe into such an analysis.
The objective of this study is to analyze the sources of output growth in Thailand by using the Solow-Denison growth accounting framework. This framework has been used in many studies in explaining the sources of economic growth for other countries, such as the United States, Japan, Korea and some European countries. For Thailand, this is the first attempt to apply the growth accounting framework to the macroeconomic data.
Printed in November 1996
Copyright © 1996