Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Asia and Pacific > Thailand

You are looking at 1 - 10 of 19 items for :

  • Type: Journal Issue x
  • Industrial productivity x
Clear All Modify Search
Cover IMF Staff Country Reports
Côte d’Ivoire: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
growth spell; governance FRAMEWORK; efficiency gain; world governance indicator; growth episode; Health care spending; Education spending; Public investment spending; Global; Sub-Saharan Africa; West Africa; Africa
Cover IMF Staff Country Reports
Côte d’Ivoire: Selected Issues
International Monetary Fund. African Dept.
Selected Issues
Keywords:
growth spell; governance FRAMEWORK; efficiency gain; world governance indicator; growth episode; Health care spending; Education spending; Public investment spending; Global; Sub-Saharan Africa; West Africa; Africa
Cover Regional Economic Outlook, October 2018, Asia Pacific
Regional Economic Outlook, October 2018, Asia Pacific
Asia at the Forefront: Growth Challenges for the Next Decade and Beyond
International Monetary Fund. Asia and Pacific Dept

Abstract

Growth in the first half of 2018 was softer than in 2017, especially in advanced economies. In contrast, growth remained robust in emerging market economies and broadly in line with expectations. After rising to 6.9 percent in 2017, growth in China continued to be strong into the first half of 2018 but has likely slowed since, given the latest high-frequency indicators, including weakening investment growth. In Japan, after exceeding potential for two years, growth dropped into negative territory in the first quarter of 2018 before rebounding sharply in the second quarter. In India, growth continues to recover steadily after the disruptions related to demonetization and the rollout of the goods and services tax in the last fiscal year.1 And in ASEAN-4 economies (Indonesia, Malaysia, the Philippines, Thailand), growth generally lost momentum in the first half of 2018, except in Thailand.

Keywords:
REO; IMF staff calculation; economy; trade; growth strategy; growth; growth slowdown; Asia's growth; growth engine; trade tension scenario; Productivity; Total factor productivity; Tariffs; Digitalization; Global financial crisis of 2008-2009; Asia and Pacific; Global
Cover IMF Working Papers
The Leap of the Tiger: How Malaysia Can Escape the Middle-Income Trap
Reda Cherif
and
Fuad Hasanov
Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in export sophistication, Malaysia’s total factor productivity lagged behind that of Korea and Taiwan Province of China. We argue that what characterizes their experience in contrast to Malaysia’s is the creation of technologies by domestic firms and a push to leapfrog to the technological frontier at an early stage of development.
Keywords:
WP; invested company share; electronics firm; firm Hyundai; spin-off firm; firm development; growth; middle-income trap; innovation; productivity; technology; global brand; firms in the electronics sector; local firm; auto parts firm; government intervention; Exports; Income; Manufacturing; Global; Asia and Pacific
Cover IMF Working Papers
Structural Transformation — How Does Thailand Compare?
Mr. Vladimir Klyuev
Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture—a sector that employs a much larger share of the population than is typical for a country at Thailand’s level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process—which made a significant contribution to Thailand’s growth in the past—appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government’s price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy.
Keywords:
WP; productivity difference; low-productivity agriculture; high-productivity sector; price support; productivity differential; productivity growth; structural transformation; industrialization; agricultural price support; standard of living; Thailand's productivity gap; low-productivity activity; productivity increase; higher-productivity sector; differentials in Thailand; Agricultural sector; Productivity; Employment; Labor productivity; Global
Cover IMF Working Papers
Potential Growth in Emerging Asia
Rahul Anand
,
Mr. Kevin C Cheng
,
Sidra Rehman
, and
Ms. Longmei Zhang
Using three distinct approaches—statistical filtering, production function, and multivariate model— this paper estimates potential growth for China, India, and five ASEAN countries (Indonesia, Malaysia, the Philippines, Thailand, and Vietnam) during 1993–2013. The main findings include: (i) both China and India have recently exhibited a slowdown in potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the five ASEAN countries has been rather stable and might even have increased marginally, with the notable exception of Vietnam;(iii) over the longer term, demographic factors will be much more supportive in India and some ASEAN economies than in China, where working-age population should start shrinking, with the overall dependency ratio climbing by the end of this decade. Improving or sustaining potential growth calls for broad structural reforms.
Keywords:
WP; ASEAN economy; China; economy; trend growth; India; potential growth; total factor productivity; emerging Asia; dependency ratio; inflation picture; non-accelerating inflation rate of unemployment; production function; Capital accumulation; Inflation; Aging; Labor force participation; Asia and Pacific
Cover IMF Working Papers
Corporate Governance Quality: Trends and Real Effects
Mr. Kenichi Ueda
,
Mr. Gianni De Nicolo
, and
Mr. Luc Laeven
This paper constructs a composite index of corporate governance quality, documents its evolution from 1994 through 2003 in selected emerging and developed economies, and assesses its impact on aggregate and corporate growth and productivity. Our investigation yields three main findings. First, corporate governance quality in most countries has overall improved, although to varying degrees and with a few notable exceptions. Second, the data exhibit cross-country convergence in corporate governance quality with countries that score poorly initially catching up with countries with high corporate governance scores. Third, the impact of improvements in corporate governance quality on traditional measures of real economic activity-GDP growth, productivity growth, and the ratio of investment to GDP- is positive, significant, and quantitatively relevant, and the growth effect is particularly pronounced for industries that are most dependent on external finance.
Keywords:
WP; CGQ Index; economic activity; growth rate
Cover IMF Working Papers
Timing of International Bailouts
Mr. Se-Jik Kim
This paper proposes that international rescue financing should not be provided to a country where a crisis first occurs, but rather to any country that suffers a subsequent crisis. Such a timing-based lending facility can be Pareto-superior to both laissez-faire and existing international crisis lending facilities, when domestic governments have more information on their own economies than does the international lender of last resort. The new facility mitigates moral hazard owing to information asymmetry by not rescuing the first-hit country. At the same time, it limits crisis contagion by rescuing countries in subsequent crises. Even in the presence of common shocks, the timing-based facility can reduce global risks of crisis because it induces countries to undertake greater crisis-prevention efforts so as not to become the first country hit.
Keywords:
WP; economic crisis; International lender of last resort; crisis contagion; moral hazard; information asymmetry; borrower country; prevention effort; rescue financing; autonomous crisis; Crisis prevention; Productivity; Lender of last resort; Global
Cover IMF Staff Country Reports
Thailand: Selected Issues
International Monetary Fund
Four years since the onset of the financial crisis, Thailand’s economic recovery remains fragile and is now threatened by a sharp slowdown in external demand. Bank and corporate sector restructuring policies have formed a key focus of the Article IV discussions. An important initiative to accelerate bank and corporate restructuring is the recent establishment of the Thai Asset Management Corporation (TAMC). An inadequate legal framework has been a major impediment to corporate debt restructuring. Even with an acceleration of bank and corporate restructuring, questions will remain about medium-term growth prospects.
Keywords:
ISCR; CR; debt; article IV consultation discussion; debt ratio; debtor; TFP growth; plan preparer; creditor negotiations; article IV discussion; chapter IV; debt projection; Nonperforming loans; Debt restructuring; Loans; Total factor productivity; Distressed assets; Asia and Pacific; Global
Cover Perspectivas de la economía mundial
Perspectivas de la economía mundial
octubre de 1999
International Monetary Fund

Abstract

El informe sobre las Perspectivas de la economía mundial, publicado dos veces al año en inglés, francés, español y árabe, presenta análisis realizados por economistas del cuerpo técnico del FMI sobre la evolución económica mundial a corto y mediano plazo. En los capítulos se presenta un panorama de la economía mundial; se consideran cuestiones que afectan a los países industriales, los países en desarrollo y las economías en transición hacia un sistema de mercado, y se abordan temas relevantes para la situación actual. Anexos, recuadros, gráficos y un extenso apéndice estadístico complementan el texto.

Keywords:
WEO; country; exchange rate; trade; negotiations; developing country; government