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Thailand: The Road to Sustained Growth

Author

Listed:
  • Mr. Erik Offerdal
  • Ms. Kalpana Kochhar
  • Mr. Louis Dicks-Mireaux
  • Ms. Jianping Zhou
  • Mr. Mauro Mecagni
  • Mr. Balázs Horváth

Abstract

Since the mid-1960s, Thailand's growth performance has been exceptional. Although hard hit by the external shocks fo the late 1970s and the early 1980s that proved severely destabilizing to many developing countries, Thailand showed remarkable reslience: price stability was quickly restored, and the Thai economy emerged from this period with strong recovery in growth and investment, in an environment of overall macroeconomic stability. This study examines the evolution of investment and growth and Thailand's macroeconomic and structural policies, with a view to understanding the main factors that have led to this impressive economic performance.

Suggested Citation

  • Mr. Erik Offerdal & Ms. Kalpana Kochhar & Mr. Louis Dicks-Mireaux & Ms. Jianping Zhou & Mr. Mauro Mecagni & Mr. Balázs Horváth, 1996. "Thailand: The Road to Sustained Growth," IMF Occasional Papers 1996/012, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1996/012
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    Citations

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    Cited by:

    1. Alba, Pedro & Hernandez, Leonardo & Klingebiel, Daniela, 1999. "Financial liberalization and the capital account : Thailand, 1988-97," Policy Research Working Paper Series 2188, The World Bank.
    2. Jansen, W. Jos, 2003. "What do capital inflows do? Dissecting the transmission mechanism for Thailand, 1980-1996," Journal of Macroeconomics, Elsevier, vol. 25(4), pages 457-480, December.
    3. Diao, Xinshen & Rattso, Jorn & Stokke, Hildegunn Ekroll, 2005. "International spillovers, productivity growth and openness in Thailand: an intertemporal general equilibrium analysis," Journal of Development Economics, Elsevier, vol. 76(2), pages 429-450, April.
    4. Ffrench-Davis, Ricardo, 1999. "The role of domestic polices in stabilizing capital flows," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 32986, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. Diao, Xinshen & Rattso, Jorn & Stokke, Hildegunn E., 2006. "Learning by exporting and structural change: A Ramsey growth model of Thailand," Journal of Policy Modeling, Elsevier, vol. 28(3), pages 293-306, April.
    6. Peter Warr, 2001. "Myths about miracles: the case of Thailand," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 9(1), pages 115-134.

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