Abstract
Short-term economic fluctuations are familiar phenomena in Thailand at present. This is perhaps due to the industrialization process and to the openness of the Thai economy. Since the end of 1985, it seems that the Thai economy has finally entered a new epoch of economic development. The manufacturing sector’s share to the total value-added rose to 22 percent in 1985, thus exceeded for the first time that of agriculture, and has been rapidly increasing since then.
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© 1994 Springer-Verlag Tokyo
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Limskul, K. (1994). The Effectiveness of Monetary and Fiscal Policies in Thailand. In: Ichimura, S., Matsumoto, Y. (eds) Econometric Models of Asian-Pacific Countries. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68258-5_8
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DOI: https://doi.org/10.1007/978-4-431-68258-5_8
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