Economics, Econometrics and Finance
5 years ago

Government spending on research and development key to Thailand's economic growth.

Applied Economics
Spending for Growth: An Empirical Evidence of Thailand
Jirawat Jaroensathapornkul

Paper Summary

The article looks at how government spending affects Thailand's economic growth. They tested if changes in spending have a long-term impact on growth. The results suggest that focusing on research and development in government spending could help improve human resources and make Thailand more competitive in the global economy. Spending more on education didn't seem to work well, but investing in research and development could lead to better long-term growth for Thailand.

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