A Macroeconometric Model of the Thai Economy

The objectives of this study are to analyze the demand and supply sides of the Thai economy, to investigate the income and income distribution, and to forecast the performance of the non-agricultural sector of the economy. The demand side consists of real, government, foreign, and financial sectors....

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Main Author:	Chuathaew, Khamphon
Format:	Thesis
Language:	eng eng
Published:	2008
Subjects:	HC Economic History and Conditions
Online Access:	https://etd.uum.edu.my/2105/1/Khamphon_Chuathaew.pdf https://etd.uum.edu.my/2105/2/Khamphon_Chuathaew.pdf
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id	my-uum-etd.2105
record_format	uketd_dc
spelling	my-uum-etd.21052013-07-24T12:14:26Z A Macroeconometric Model of the Thai Economy 2008 Chuathaew, Khamphon Jantan, Mohd Dan College of Arts and Sciences (CAS) College of Arts and Sciences HC Economic History and Conditions The objectives of this study are to analyze the demand and supply sides of the Thai economy, to investigate the income and income distribution, and to forecast the performance of the non-agricultural sector of the economy. The demand side consists of real, government, foreign, and financial sectors. The supply side consists of product market, population and employment. The model is designed to capture the structural characteristics of the economy in which a macro-econometric model is constructed involving a simultaneous system. This study uses time-series data spanning from 1963 to 2003. The data are retrieved from various government departments and agencies. An ordinary least squares technique (OLS) is used in the estimation of the model. Then, the estimation is tested for autocorrelation, heteroskedasticity, and stationary problems. On the overall, we found that the estimation is satisfactory in terms of econometrics procedure. The estimated model is then used for simulation purpose, in which we increase 31 exogenous variables by five percent per year from 2004 to 200. The results of simulation showed that the growth rates of 17 sub-sectors were increased continuously at an average rate of growth. However, some of the sub-sectors, such as textile, have shown negative growth rates. Hence, the author suggests that the government exercise policy to simulate growth. 2008 Thesis https://etd.uum.edu.my/2105/ https://etd.uum.edu.my/2105/1/Khamphon_Chuathaew.pdf application/pdf eng validuser https://etd.uum.edu.my/2105/2/Khamphon_Chuathaew.pdf application/pdf eng public Ph.D. doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Jantan, Mohd Dan
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Chuathaew, Khamphon A Macroeconometric Model of the Thai Economy
description	The objectives of this study are to analyze the demand and supply sides of the Thai economy, to investigate the income and income distribution, and to forecast the performance of the non-agricultural sector of the economy. The demand side consists of real, government, foreign, and financial sectors. The supply side consists of product market, population and employment. The model is designed to capture the structural characteristics of the economy in which a macro-econometric model is constructed involving a simultaneous system. This study uses time-series data spanning from 1963 to 2003. The data are retrieved from various government departments and agencies. An ordinary least squares technique (OLS) is used in the estimation of the model. Then, the estimation is tested for autocorrelation, heteroskedasticity, and stationary problems. On the overall, we found that the estimation is satisfactory in terms of econometrics procedure. The estimated model is then used for simulation purpose, in which we increase 31 exogenous variables by five percent per year from 2004 to 200. The results of simulation showed that the growth rates of 17 sub-sectors were increased continuously at an average rate of growth. However, some of the sub-sectors, such as textile, have shown negative growth rates. Hence, the author suggests that the government exercise policy to simulate growth.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Chuathaew, Khamphon
author_facet	Chuathaew, Khamphon
author_sort	Chuathaew, Khamphon
title	A Macroeconometric Model of the Thai Economy
title_short	A Macroeconometric Model of the Thai Economy
title_full	A Macroeconometric Model of the Thai Economy
title_fullStr	A Macroeconometric Model of the Thai Economy
title_full_unstemmed	A Macroeconometric Model of the Thai Economy
title_sort	macroeconometric model of the thai economy
granting_institution	Universiti Utara Malaysia
granting_department	College of Arts and Sciences (CAS)
publishDate	2008
url	https://etd.uum.edu.my/2105/1/Khamphon_Chuathaew.pdf https://etd.uum.edu.my/2105/2/Khamphon_Chuathaew.pdf
_version_	1747827265610186752

A Macroeconometric Model of the Thai Economy

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