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Effects of Technological Change on Income Inequality in Thailand |
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| รหัสดีโอไอ | |
| Creator | Waleerat Suphannachart |
| Title | Effects of Technological Change on Income Inequality in Thailand |
| Publisher | Faculty of Economics, Chulalongkorn University |
| Publication Year | 2562 |
| Journal Title | Southeast Asian Journal of Economics |
| Journal Vol. | 7 |
| Journal No. | 2 |
| Page no. | 85-106 |
| Keyword | Income inequality, Regression analysis, Technological change, Total factor productivity, Thailand |
| URL Website | https://so05.tci-thaijo.org/index.php/saje/About |
| Website title | Southeast Asian Journal of Economics |
| ISSN | 2465-5120 |
| Abstract | This paper examines the impact that technological change has on income inequality in Thailand. Total factor productivity (TFP) is measured as a proxy for technological progress while the Gini coefficient represents income inequality. Since income inequality is an issue that has lasted for several decades and tends to concentrate in certain areas, both national-level yearly data (1988-2017) and provincial-level panel data (76 provinces during 2009-2017) are employed using regression analysis. The results show that an increase in TFP reduces income inequality in the long run. Other factors that help in alleviating inequality are human capital, increasing income per capita, anddeclining agricultural GDP shares. In contrast, trade openness and FDI increase inequality. Additionally, the significance of spatial correlation among provinces implies that the policy should target groups of provinces in close proximity rather than focusing on various small areas. |
