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The Effect Of Total Factor Productivity On Household Income Inequality: A Dynamic Computable General Equilibrium Analysis Of Thailand(ผลกระทบจากผลิตภาพปัจจัยการผลิตรวมต่อความเหลื่อมล้ำ ทางรายได้ของครัวเรือนโดยแบบจำลองดุลยภาพทั่วไปเชิงพลวัต กรณีศึกษาประเทศไทย), Nara Panprayad
Journal of Social Sciences
This study investigates an economic impact of total production factor productivity (TFP) on household income inequality under the dynamic computable general equilibrium model (DCGE). The study reveals that a 5% increase in TFP in all production sectors will result in an increase in real gross domestic product by 5% in the short run and by 6.11% in the long run. Not surprisingly, such continual increase confirms the stylized fact that TFP stimulates gross output value and therefore accrueshousehold incomes inall productionsectors. Nonetheless,TFP hasa detrimentaleffectonincomeinequalityinall productionsectors, both in the medium and long terms. This is because the household income tax rate …