ECONOMIC BOOM, FINANCIAL BUST, AND THE FATE OF THAI AGRICULTURE: WAS GROWTH IN THE 1990S TOO FAST?

Ian Coxhead

No 20791, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

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.

Keywords: Labor and Human Capital; Land Economics/Use; Productivity Analysis (search for similar items in EconPapers)
Pages: 16
Date: 1998
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20791

DOI: 10.22004/ag.econ.20791

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