An Analysis of Public Infrastructure Investment and the Thai Economy
- DOI
- 10.2991/978-94-6463-142-5_46How to use a DOI?
- Keywords
- Infrastructure; Investment; Economic growth; Government debt; Thailand
- Abstract
The main objective of this paper is to investigate the impact of the policies of heavy investment and expansion in public infrastructure deployed by the Thai government on Thai economic growth and government debt between 1997 and 2007. It employs the method of detrending the Thai economic data and analyzing the correlation between the Thai GDP, gross fixed capital formation, and central government debt. The findings showed that the public infrastructure investment and expansion were generally positive and beneficial to Thai economic growth, and did not lead Thailand to the massive build-up of government debt, because the development in the economy improved the government’s financial situation. These results imply that policies for improving public infrastructure investment and expansion should be promoted to further develop the economy and achieve stable growth.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Qingyang Deng AU - Xingchi Li PY - 2023 DA - 2023/05/15 TI - An Analysis of Public Infrastructure Investment and the Thai Economy BT - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023) PB - Atlantis Press SP - 412 EP - 418 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-142-5_46 DO - 10.2991/978-94-6463-142-5_46 ID - Deng2023 ER -