Human capital, inequality and economic growth in Thailand
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2019
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2562
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eng
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80 leaves
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b208804
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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Uddin, Md. Nasir (2019). Human capital, inequality and economic growth in Thailand. Retrieved from: https://repository.nida.ac.th/handle/662723737/5074.
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Human capital, inequality and economic growth in Thailand
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Abstract
This dissertation contains three papers concentrating on human capital, inequality and economic growth in Thailand. All three papers use the Labor Force Survey (LFS), conducted by National Statistical Office (NSO) in Thailand. First paper (Chapter two of this dissertation) aims to find intergenerational rate of transmission of human capital. As one of the major limitations of finding intergenerational rate of transmission is endogeneity problem, this paper contributes by proposing an alternative instrument to find rate of transmission of human capital. In addition to methodological contribution, this paper finds new evidence of rate of transmission from Thailand. Moreover, it also finds that the children from lower income families are getting less education than their counterparts. Second paper (Chapter three of this dissertation) analyses on the rural-urban differences and inequality trend of human capital in Thailand. Using the rural-urban dummy, this paper found that on an average, rural children are getting about 0.67 years less schooling than urban children. This paper also concludes that intergenerational transmission is higher in lower educated families than that in higher educated families. One of the major contributions of this paper is to control nature or nurture effects from the parents to find rural-urban gap in education. Third paper (Chapter four of this dissertation) aims to find the long run effects of human capital inequality on economic growth. It generates the provincial panel data of human capital inequality from the year 1995 to 2012. Second generation panel econometric techniques are applied to find the long run effects of human capital inequality on aggregate economy. It concludes that inequality of human capital has significant and negative effect on overall economy. There are several contributions of this paper, among them using the sub-national annual data, controlling cross sectional dependence, and finding long-run effects of human capital on economic growth are important.
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Thesis (Ph.D. (Economics))--National Institute of Development Administration, 2019