Thailand's Economic Development, 1950-1996

agricultural Akaike Information Criterion baht balance of payments Balassa Bangkok Bangkok Metropolitan Area Bank of Thailand capital cause caused export growth caused output growth coefficient cointegrated deficit developing countries Dhiratayakinant Dickey-Fuller tests domestic market economic development economic growth effects of exports equation exchange rate export expansion export promotion strategies export-led exports and growth facie cause exports facie cause output foreign exchange Furthermore GFCF Granger Causality growth and economic growth of capital growth of exports growth of labor growth of output growth prima facie growth rate hypothesis import substitution import-substitution strategy incentives income increase infrastructure investment Kavoussi Kruger labor cause labor growth lagged million Muscat N.A N.A Nonetheless percent period Phongpaichit and Baker primary projects rank correlation rate of growth region regression relationship between export rice Schwarz Criterion stationary structural adjustment terms of trade Thai economy Thai government total factor productivity variables World Bank world output