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The importance of the food industry to the Thai economy: an input-output perspective.(Report)
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ASEAN Economic Bulletin
- Article date:
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August 1, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 Institute of Southeast Asian Studies (ISEAS). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The food industry has received discontinuous support from the government over the past decades. The contribution of the food industry in terms of increasing value added of agricultural products is often shed light, while studies on other aspects have been limited. This paper provides a sector comparison on the benefits of the food industry to the whole economy, using Thailand Input-Output tables of years 1980, 1990, and 2000. The empirical analyses concluded that among various leading industries, the food industry provided the strongest contributions to the Thai economy in terms of production inducement, employment generation, value added inducement and net foreign exchange earning ...
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