Does Allocation of Public Spending Matter in Poverty Reduction? Evidence from Thailand *
The present paper uses a panel dataset to estimate the marginal returns to different types of government expenditure on agricultural growth and rural poverty reduction in Thailand. The study finds that additional government spending on agricultural research provides the largest return in terms of agricultural productivity and has the second largest impact on rural poverty reduction. Increased investment in rural electrification has the largest poverty reduction impact, mainly through improved nonfarm employment. Rural education has the third largest impact on both productivity and poverty reduction. Irrigation has a positive impact on agricultural productivity, but regional variation is considerable. Government spending on rural roads has no significant impact on agricultural productivity and its poverty reduction impact ranks last among all investment alternatives considered. Additional investment in the Northeast Region has a greater impact on poverty reduction than in other regions. Copyright 2008 The Authors. Journal compilation 2008 East Asian Economic Association and Blackwell Publishing Ltd.
Year of publication: |
2008
|
---|---|
Authors: | Fan, Shenggen ; Yu, Bingxin ; Jitsuchon, Somchai |
Published in: |
Asian Economic Journal. - East Asian Economic Association - EAEA. - Vol. 22.2008, 4, p. 411-430
|
Publisher: |
East Asian Economic Association - EAEA |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Does allocation of public spending matter in poverty reduction? : evidence from Thailand
Fan, Shenggen, (2008)
-
The importance of public investment for reducing rural poverty in middle-income countries
Fan, Shenggen, (2004)
-
The total factor productivity in China and India : new measures and approaches
Pratt, Alejandro Nin, (2009)
- More ...