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- Publisher
- World Scientific Publishing Company
- Copyright
- Copyright ©
- Subject
- Special Issue on Income Distribution & Inequality; Guest Editor: Yuko Arayama, Nagoya University
- ISSN
- 0217-5908
- eISSN
- 1793-6837
- DOI
- 10.1142/S0217590814500040
- Publisher site
- See Article on Publisher Site
Abstract
This paper explores the dynamics of economic growth, poverty, inequality and migration in Thailand, and evaluates the relevance of Lewis model to Thailand's long-term development. Thai economy seems to follow the latter part of the Kuznets curve since mid-1990s, amidst the global trend of rising internal inequality. Also, Lewis model's predictions were not present, both in the overall pattern of internal migration and the labor market conditions in either urban or rural areas. Dualism in Thailand is better characterized by formal/informal dichotomy. However, the Lewis model can be relevant if modified by including the role of foreign workers.
Journal
The Singapore Economic Review – World Scientific Publishing Company
Published: Mar 1, 2014
Keywords: Inequality regional migration economic growth government policy JEL Classification: D63 JEL Classification: R23 JEL Classification: O47 JEL Classification: I38