Logo
Munich Personal RePEc Archive

Capital Formation in Thailand: Its Importance and Determinants

Jiranyakul, Komain (2014): Capital Formation in Thailand: Its Importance and Determinants.

This is the latest version of this item.

[thumbnail of MPRA_paper_60202.pdf]
Preview
PDF
MPRA_paper_60202.pdf

Download (79kB) | Preview

Abstract

Using the dataset that comprises annual data during 1979 and 2012 and obtained from various sources, this study examines the importance of capital formation to Thai economy and what driving forces influence capital formation. The results show that real GDP and capital formation are cointegrated, and capital formation imposes a positive impact on real GDP in the long run. It is also found that stock market liquidity measured by stock market capitalization rather than foreign direct investment plays important role in capital accumulation process. These findings give some policy implications.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.