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|c 5.00 USD
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|z 9781498395335
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Klyuev, Vladimir.
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|a Structural Transformation :
|b How Does Thailand Compare? /
|c Vladimir Klyuev.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (30 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Thailand stands out in international comparison as a country with a high dispersion of productivity across sectors. It has especially low labor productivity in agriculture-a sector that employs a much larger share of the population than is typical for a country at Thailand's level of income. This suggests large potential productivity gains from labor reallocation across sectors, but that process-which made a significant contribution to Thailand's growth in the past-appears to have stalled lately. This paper establishes these facts and applies a simple model to discuss possible explanations. The reasons include a gap between the skills possessed by rural workers and those required in the modern sectors; the government's price support programs for several agricultural commodities, particularly rice; and the uniform minimum wage. At the same time, agriculture plays a useful social and economic role as the employer of last resort. The paper makes a number of policy recommendations aimed at facilitating structural transformation in the Thai economy.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2015/051
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/051/001.2015.issue-051-en.xml
|z IMF e-Library
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