IDEAS home Printed from https://ideas.repec.org/p/ags/aaea98/20791.html
   My bibliography  Save this paper

Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?

Author

Listed:
  • Coxhead, Ian A.

Abstract

Thailand's economic boom since 1987 resulted in absolute agricultural employment and land use declines. Both were caused by rapid wage growth due to nonagricultural investment. Irreversible land use changes and rapid agricultural mechanization have followed. Following the 1987 financial crisis, agriculture may no longer be able to absorb excess labor or dramatically increase output as in the past.

Suggested Citation

  • Coxhead, Ian A., 1998. "Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20791, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20791
    DOI: 10.22004/ag.econ.20791
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/20791/files/spcoxh01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.20791?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Martin, Will J. & Warr, Peter G., 1994. "Determinants of agriculture's relative decline: Thailand," Agricultural Economics, Blackwell, vol. 11(2-3), pages 219-235, December.
    2. repec:bla:econom:v:42:y:1975:i:165:p:59-78 is not listed on IDEAS
    3. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Coxhead, Ian, 2000. "Tax Reform and the Environment in Developing Economies: Is a Double Dividend Possible," Staff Paper Series 431, University of Wisconsin, Agricultural and Applied Economics.
    2. Suphannachart, Waleerat & Warr, Peter, 2010. "Total Factor Productivity in Thai Agriculture: Measurement and Determinants," ARE Working Papers 284031, Kasetsart University - Department of Agricultural and Resource Economics.
    3. Coxhead, Ian, 2002. "Development and the Environment in Asia: A Survey of Recent Literature," Staff Paper Series 455, University of Wisconsin, Agricultural and Applied Economics.
    4. Tipraqsa, Prasnee & Craswell, Eric T. & Noble, Andrew D. & Schmidt-Vogt, Dietrich, 2007. "Resource integration for multiple benefits: Multifunctionality of integrated farming systems in Northeast Thailand," Agricultural Systems, Elsevier, vol. 94(3), pages 694-703, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Coxhead, Ian & Plangpraphan, Jiraporn, 1998. "Thailand's Economic Boom and Agricultural Bust: Some Economic Questions and Policy Puzzles," Staff Papers 200600, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    2. Edouard Mien & Michaël Goujon, 2022. "40 Years of Dutch Disease Literature: Lessons for Developing Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(3), pages 351-383, September.
    3. Arguello, Ricardo & Jimenez, Dora, 2015. "Dutch Disease, Informality, and Employment Intensity in Colombia," Conference papers 332597, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Vos, Rob & Frenkel, Roberto & Ocampo, José Antonio & Palma, José Gabriel & Marfán, Manuel & Ros, Jaime & Taylor, Lance & Correa, Nelson & Cimoli, Mario, 2005. "Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability," IDB Publications (Books), Inter-American Development Bank, number 347, November.
    5. Yi Li, 2020. "Internet Development and Structural Transformation: Evidence from China," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(1), pages 1-8.
    6. Guy Michaels, 2011. "The Long Term Consequences of Resource‐Based Specialisation," Economic Journal, Royal Economic Society, vol. 121(551), pages 31-57, March.
    7. Theodosios Anastasios Perifanis, 2022. "The Macroeconomic Results of Diligent Resource Revenues Management: The Norwegian Case," Energies, MDPI, vol. 15(4), pages 1-14, February.
    8. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Clark, Jeremy, 2017. "The evolution of the natural resource curse thesis: A critical literature survey," Resources Policy, Elsevier, vol. 51(C), pages 123-134.
    9. Alex Robson, 2015. "The Australian Economy and Economic Policy During and After the Mining Boom," Economic Affairs, Wiley Blackwell, vol. 35(2), pages 307-316, June.
    10. Dongwon Lee & Yu-chin Chen, 2014. "What Makes a Commodity Currency?," Working Papers 201420, University of California at Riverside, Department of Economics.
    11. Brahmbhatt, Milan & Canuto, Otaviano & Vostroknutova, Ekaterina, 2010. "Dealing with Dutch Disease," World Bank - Economic Premise, The World Bank, issue 16, pages 1-7, June.
    12. Joya, Omar, 2015. "Growth and volatility in resource-rich countries: Does diversification help?," Structural Change and Economic Dynamics, Elsevier, vol. 35(C), pages 38-55.
    13. Hailu, Degol & Kipgen, Chinpihoi, 2017. "The Extractives Dependence Index (EDI)," Resources Policy, Elsevier, vol. 51(C), pages 251-264.
    14. Pedro L. Rodríguez, José R. Morales, Fancisco J. Monaldi, 2012. "Direct Distribution of Oil Revenues in Venezuela: A Viable Alternative?," Working Papers 306, Center for Global Development.
    15. Peter Tulip, 2014. "The Effect of the Mining Boom on the Australian Economy," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 17-22, December.
    16. Zoulfikar Mehoumoud Issop, 2016. "Le Syndrome hollandais dans les DOM est-il toujours d'actualité ?," Post-Print hal-01618689, HAL.
    17. Muntasir Murshed & Seemran Rashid, 2020. "An Empirical Investigation of Real Exchange Rate Responses to Foreign Currency Inflows: Revisiting the Dutch Disease Phenomenon in South Asia," The Economics and Finance Letters, Conscientia Beam, vol. 7(1), pages 23-46.
    18. Kristof Dascher, 2015. "Foreign Direct Investment into Open and Closed Cities," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(2), pages 191-210, May.
    19. Clements, Kenneth W. & Fry, Renée, 2008. "Commodity currencies and currency commodities," Resources Policy, Elsevier, vol. 33(2), pages 55-73, June.
    20. Carlos Morales, 2011. "Variedades de recursos naturales y crecimiento económico," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea98:20791. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.