Major Factors Affecting Thailand GDP and Wage Premium by Sectors across Regions and Countries

• Main Authors: Patcharapron Kanma, 康嘉蘭
• Other Authors: Tseng-Chyi Hwang
• Format: Others
• Language: en_US
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/26351958683078388827

碩士 === 國立中興大學 === 應用經濟學系所 === 104 === This research analyzed the major factors affecting Thailand GDP and wage premium in manufacturing and service sectors by utilizing Generalized Least Squares (GLS) approach. The main objective of this study was to create a model in order to explain Thai economic growth and wage premium through exploring policy suggestion. The data was collected from quarter period during 2005-2014, obtaining from FDI inflow of six regions and countries, wage premium and GDP of Manufacturing and Service sectors, skilled-labor and exchange rate. In addition, the dummy variable was used in quarter. The estimation was estimated into the two results. Firstly, estimated results show that there are factors affecting wage premium. In manufacturing sector, it was found that skilled-labor had a significant effect in China and Japan. Exchange rate had a significant effect only in Hong Kong. In the first quarter, all regions and countries had a negative effect with statistical significance. In the second quarter, they also had a negative effect with statistical significance, except Hong Kong. In terms of service sector, only skilled-labor of ASEAN, EU, Hong Kong, Japan, US were related significant effect. However, in the second quarter, EU, Japan, Hong Kong, and US were statistically significant. Secondly, estimated results show that there are factors affecting GDP. In manufacturing sector, FDI of Japan, EU and US had a significant effect to the GDP. Wage Premium of all regions and countries, except Japan, presented a significant effect to the GDP. Exchange rate had a negative significant effect in all regions and countries. Dummy variable had statistically significant effect in primarily of all quarters. All regions and countries were found significant in the first and third quarter while in the second quarter, there were only ASEAN, EU, Hong Kong and Japan had a significant