The Provincial Economy and Employment in Thailand : Aggregate and Provincial Analysis
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This article aims to study the provincial economic growth and employment, and the elasticity of the relationship between the employment and gross provincial products (GPP) of Thailand. Secondary data, which is provincial statistics during the years 2008-2019, were analyzed using descriptive statistics, Gini coefficient, and panel data analysis. The overall picture of the country and compared results among the regions were explored. The results showed that 1) employment and the number of establishments showed slower growth compared to GPP and demand for electricity; 2) establishments and formal employment were highly concentrated in Bangkok and its vicinities, and the eastern region; and 3) the overall value of employment elasticity of the gross provincial product was 0.56, and in certain regions was in the range of 0.23 - 0.85, all of which were less than 1. If this trend continues, it will result in a decreasing proportion of labor wages in the national income, which should be a concern for implementation of the country's employment policy in the future.
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