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Economic Boom, Financial Bust, and the Fate of Thai Agriculture: Was Growth in the 1990s Too Fast?

Year: 1998

Type: preprint

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.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.20791

Authors: Coxhead, Ian A., Coxhead, Ian A.

Institution: University of Wisconsin–Madison

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDGs: Decent work and economic growth, Zero hunger

Open Access status: green

OpenAlex ID: W1523076022

Cites: 5

Cited by: 20

Related to: 10