Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

<Previous Article In Volume
Next Article In Volume>

An Analysis of Public Infrastructure Investment and the Thai Economy

Authors
Qingyang Deng1, *, Xingchi Li2
1Department of Economics, Capital University of Economics and Business, Beijing, 100070, China
2China Academy of Public Finance and Public Policy, Central University of Finance and Economics, Beijing, 100081, China
*Corresponding author. Email: e111000@sina.com
Corresponding Author
Qingyang Deng
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_46How to use a DOI?
Keywords
Infrastructure; Investment; Economic growth; Government debt; Thailand
Abstract

The main objective of this paper is to investigate the impact of the policies of heavy investment and expansion in public infrastructure deployed by the Thai government on Thai economic growth and government debt between 1997 and 2007. It employs the method of detrending the Thai economic data and analyzing the correlation between the Thai GDP, gross fixed capital formation, and central government debt. The findings showed that the public infrastructure investment and expansion were generally positive and beneficial to Thai economic growth, and did not lead Thailand to the massive build-up of government debt, because the development in the economy improved the government’s financial situation. These results imply that policies for improving public infrastructure investment and expansion should be promoted to further develop the economy and achieve stable growth.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
10.2991/978-94-6463-142-5_46
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_46How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Qingyang Deng
AU  - Xingchi Li
PY  - 2023
DA  - 2023/05/15
TI  - An Analysis of Public Infrastructure Investment and the Thai Economy
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 412
EP  - 418
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_46
DO  - 10.2991/978-94-6463-142-5_46
ID  - Deng2023
ER  -