Thailand Manufacturing Firm Productivity Report
Thailand is an enduring development success story. Between the late 1960s and mid-1990s, strong and sustained economic growth propelled the country from low-income to upper-middle-income status. To achieve high-income status by 2037, the authoritie...
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| Format: | Report |
| Language: | English |
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World Bank, Bangkok
2020
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| Online Access: | http://documents.worldbank.org/curated/en/497151606302306312/Thailand-Manufacturing-Firm-Productivity-Report http://hdl.handle.net/10986/34882 |
| Summary: | Thailand is an enduring development
success story. Between the late 1960s and mid-1990s, strong
and sustained economic growth propelled the country from
low-income to upper-middle-income status. To achieve
high-income status by 2037, the authorities will need to
draw on the experiences of other upper-middle-income
countries that have successfully completed the transition,
as well as those that continue to struggle. The Coronavirus
(COVID-19) outbreak has severely impacted growth in
Thailand, with the economy expected to contract in 2020 amid
heightened uncertainty surrounding the path of the pandemic.
This report focuses on the manufacturing sector builds on a
framework that emphasizes the microeconomic and
macroeconomic linkages of the sources of productivity
growth. In line with this framework, Chapter 1 begins with
an overview of Thailand’s productivity dynamics at the
macroeconomic level and identifies the causes of its slowing
GDP growth rate.7 Chapter 2 analyzes the characteristics of
Thai manufacturing firms and sub-sector productivity
dynamics, revealing the drivers of firm productivity and
distinguishing the relative contributions of within-firm
effects, between-firm effects, and market dynamism. Chapter
3 evaluates the impact of competition on firm productivity
by comparing market entry and exit indicators with price
markups. Chapter 4 concludes with a set of policy
recommendations designed to boost firm productivity in
Thailand’s manufacturing sector. |
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