CEU Electronic Theses and Dissertations, 2024
| Author | Jatupitpornchan, Phakphum |
|---|---|
| Title | Barriers to Structural Transformation in Thailand: The Roles of Human Capital and Agricultural Productivity |
| Summary | There are potentially large gains to be realized in Thailand from facilitating the reallocation of workers from agriculture to other sectors, as indicated by the unusually high agricultural employment share and the large gap in sectoral labor productivity. I assess the potential effects of human capital and agricultural productivity by using a calibrated two-sector model with exogenous and heterogeneous levels of human capital to perform a counterfactual analysis. I estimate that increasing human capital leads to a reduction in agricultural employment and a higher aggregate output. Improvements in labor-augmenting technology in agriculture are found to draw more workers toward agriculture and increase aggregate output. However, the effect of labor-augmenting technical change on labor reallocation should be interpreted with caution as it is sensitive to the assumption about the openness of the economy. |
| Supervisor | Bárány, Zsófia Luca |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2024/jatupitpornchan_phak.pdf |
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