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논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2014.1
- 수록면
- 51 - 73 (23page)
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This paper applies Johansen’s cointegration and error-correction model to examine the relationships among a set of economic reform policies, the contribution of external factors, and Thailand’s economic growth. The Johansen’s cointegration results reveal that fiscal reform, openness, and deregulation have a positive effect on economic growth, while financial development has no significant effect on economic growth. Meanwhile, we also find that some external shocks have a highly significant effect, with a large magnitude, on Thailand’s economic growth. Additionally, the estimation of the VECM indicates that the variables in the model may be in disequilibrium in the short run since the short-run adjustment coefficient is significantly negative.
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참고문헌 (32)
참고문헌 신청
[학술지
Afonso, A. / 2010 / Fiscal Policy and Growth: Do Financial Crisis Make a Difference?
Aghion, P. / 1992 / A Model of Growth through Creative Destruction / Econometrica 60 (2) : 323 ~ 351
Aizenman, J. / 2007 / Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences
Akrasanee, N. / 1991 / Thailand’s Export-Led Growth: Retrospect and Prospects
Afonso, A. / 2010 / Fiscal Policy and Growth: Do Financial Crisis Make a Difference?
Aghion, P. / 1992 / A Model of Growth through Creative Destruction / Econometrica 60 (2) : 323 ~ 351
Aizenman, J. / 2007 / Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences
Akrasanee, N. / 1991 / Thailand’s Export-Led Growth: Retrospect and Prospects
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