Technology Spillovers in Thailand: Empirical Evidence on Productivity Dynamics

After a couple of decades of renewed interest in economic growth mechanisms, the focus of empirical analyses again is turned to productivity. Countries seem to have permanent differences in productivity (Hall and Jones, 1999). While the evidence collected and analyzed basically has been of the cross-country variety, we offer time series analysis of a country with an extraordinary stable growth record, Thailand. The average annual growth rate of GDP during the period 1950–2000 has been remarkable 6.6 % (Jansen, 2001). The endogenous growth literature has concentrated on human capital development and resources allocated to research and Jørn Rattsø and Hildegunn Ekroll Stokke