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150128 ||| eng |
| 020 |
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|a 9781498395335
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| 100 |
1 |
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|a Klyuev, Vladimir
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| 245 |
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|a Structural Transformation
|b How Does Thailand Compare?
|c Vladimir Klyuev
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 30 pages
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781498395335.001
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| 856 |
4 |
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|u http://elibrary.imf.org/view/journals/001/2015/051/001.2015.issue-051-en.xml
|x Verlag
|3 Volltext
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|a 330
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| 520 |
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|a Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture-a sector that employs a much larger share of the population than is typical for a country at Thailand's level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process-which made a significant contribution to Thailand's growth in the past-appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government's price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy
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