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| Title: | Fiscal and Monetary Policy Mixes Linkage to Thailand’s Agriculture |
| Authors: | เจริญสถาพรกุล, จิรวัฒน์ |
| Issue Date: | 21-Jul-2010 |
| Abstract: | This study has already been in line with the theme of forward linkage between macroeconomic policies and agriculture. As a macro level, how much fiscal and monetary policy mixes benefit to Thailand’s agriculture is investigated. The procedure begins with the estimation of parameters in
the macroeconomic-agricultural linkage model. The main results reveal that those policies have the impact on the interest rate, the exchange rate, price index and GDP. These variables link government expenditure and money supply to the agricultural sector. The estimated parameters
are then utilized for policy simulation. When the increase in the government consumption spending coupled with acceleration in money supply growth is demonstrated, their impacts on
agricultural sector are concluded in terms of percentage change from baseline value as follows. Food consumption, export and import increase. Nevertheless, surplus of trade balance for food is worsen. Employment in agricultural sector decreases, while capital stock in agricultural sector increases. Gross domestic production in agricultural sector subsequently increases. The
replication results imply that the macroeconomic policies have an unintended effect on agriculture, although the money is not directly injected into the agricultural sector. |
| URI: | http://kids-d.swu.ac.th/dspace/handle/123456789/1498 |
| Appears in Collections: | วารสาร/บทความ
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