The Distributional Effect of Social Welfare Spending in an Economy: Evidence from Thailand

Business & Finance, Economics, Urban & Regional
Cover of the book The Distributional Effect of Social Welfare Spending in an Economy: Evidence from Thailand by Joseph Ato Forson, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Joseph Ato Forson ISBN: 9783656392101
Publisher: GRIN Verlag Publication: March 15, 2013
Imprint: GRIN Verlag Language: English
Author: Joseph Ato Forson
ISBN: 9783656392101
Publisher: GRIN Verlag
Publication: March 15, 2013
Imprint: GRIN Verlag
Language: English

Research Paper (undergraduate) from the year 2013 in the subject Economics - Case Scenarios, grade: A, , course: Fiscal and Monetary Policy Analysis and Management, language: English, abstract: This paper attempts to test the validity of public welfare spending theories (compensation theory, system theory, median voter theory, group theory, Incrementalism and some variants of public choice theory) in the context of Thailand. The study make use of GDP, previous welfare spending, increases in population, tax revenue, openness to trade, democratic government, labour union, trade association, urbanisation and welfare spending as a share of GDP over the period 1982 - 2007. We found strong and positive link between globalisation, GDP, tax revenue, labour union and previous welfare spending with Thailand welfare spending. These increases will invariably call for increased access to education, health care systems and other related welfare spending which means, the revenue base has to be increased through tax. We therefore recommend Thai Government to undertake reform in the tax system to broaden the tax net. Also, land and property tax systems ought to be reformed as well to extend coverage. We also recommend the stimulation of domestic demand in Thailand to reduce the over reliance on the international market which exposes countries to high end risks and uncertainties. The falling population growth in Thailand could also spell a doom to Thai's labour supply. Thailand currently relies on immigrant workers from neigbouring countries like Myanmar, Laos, Vietnam and Burma. As the economic conditions in these countries improve, these immigrant workers might return. This will create a shortage in the supply needs to cater for the ever increasing demand propelled by the continuous industralisation of the Thai economy. Policy decision makers should factor this in their subsequent decision to mitigate this effect in the near future.

Joseph Ato Forson is currently a PhD student at the Graduate School of Public Administration, National Institute of Development Administration (NIDA). He's majoring in Policy and Management.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Research Paper (undergraduate) from the year 2013 in the subject Economics - Case Scenarios, grade: A, , course: Fiscal and Monetary Policy Analysis and Management, language: English, abstract: This paper attempts to test the validity of public welfare spending theories (compensation theory, system theory, median voter theory, group theory, Incrementalism and some variants of public choice theory) in the context of Thailand. The study make use of GDP, previous welfare spending, increases in population, tax revenue, openness to trade, democratic government, labour union, trade association, urbanisation and welfare spending as a share of GDP over the period 1982 - 2007. We found strong and positive link between globalisation, GDP, tax revenue, labour union and previous welfare spending with Thailand welfare spending. These increases will invariably call for increased access to education, health care systems and other related welfare spending which means, the revenue base has to be increased through tax. We therefore recommend Thai Government to undertake reform in the tax system to broaden the tax net. Also, land and property tax systems ought to be reformed as well to extend coverage. We also recommend the stimulation of domestic demand in Thailand to reduce the over reliance on the international market which exposes countries to high end risks and uncertainties. The falling population growth in Thailand could also spell a doom to Thai's labour supply. Thailand currently relies on immigrant workers from neigbouring countries like Myanmar, Laos, Vietnam and Burma. As the economic conditions in these countries improve, these immigrant workers might return. This will create a shortage in the supply needs to cater for the ever increasing demand propelled by the continuous industralisation of the Thai economy. Policy decision makers should factor this in their subsequent decision to mitigate this effect in the near future.

Joseph Ato Forson is currently a PhD student at the Graduate School of Public Administration, National Institute of Development Administration (NIDA). He's majoring in Policy and Management.

More books from GRIN Verlag

Cover of the book Entwicklung und Diskussion des Supply Chain Controlling by Joseph Ato Forson
Cover of the book Die Entwicklung von Fahrwerken by Joseph Ato Forson
Cover of the book Wolfgang Merkels Theorie der defekten Demokratie am Beispiel der Institutionen Indiens by Joseph Ato Forson
Cover of the book Eine Annäherung an historische Diskursanalyse by Joseph Ato Forson
Cover of the book Die touristische Bedeutung von Events. Die Fußball Weltmeisterschaft 2006 by Joseph Ato Forson
Cover of the book Rechtsextremismus mit regionalem Bezug zu NRW by Joseph Ato Forson
Cover of the book Bewertung des State-Of-The-Art webbasierter Content Management Systeme und Entwicklung einer funktionalen Klassifikation by Joseph Ato Forson
Cover of the book Migration - eine Chance für Deutschland? by Joseph Ato Forson
Cover of the book Die Gründe für den Parther-Feldzug des Marcus Antonius by Joseph Ato Forson
Cover of the book Direttive Comunitarie e insolvenza del datore di Lavoro by Joseph Ato Forson
Cover of the book Farbgebrauch in China und Deutschland by Joseph Ato Forson
Cover of the book Ein Blick zurück als Schritt nach vorn - persönliche Reflexionen über interkulturelles Lernen in Comeniusprojekten by Joseph Ato Forson
Cover of the book The Saga Mind by Joseph Ato Forson
Cover of the book Entwicklungstendenzen bei der Prüfungstheorie im deutschsprachigen Raum by Joseph Ato Forson
Cover of the book Möglichkeiten und Grenzen des Benchmarking by Joseph Ato Forson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy