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Full-Text Articles in Business
Trade Liberalisation, Labour Productivity Growth And Skilled Labour Complement: Evidence From The Thai Manufacturing Sector, Piyapong Sangkaew, Kankesu Jayanthakumaran
Trade Liberalisation, Labour Productivity Growth And Skilled Labour Complement: Evidence From The Thai Manufacturing Sector, Piyapong Sangkaew, Kankesu Jayanthakumaran
Faculty of Business - Papers (Archive)
Trade liberalisation in Thailand raised two wider questions regarding the labour market-one with regards to the link with labour productivity and the other the link with skilled workers. This outcome provides a link between (1) trade liberalisation and labour productivity growth, and, (2) skilled employment and labour productivity growth. Trade liberalisation is also correlated with skilled employment. This type of evidence matches conventional explanations for the beneficial allocation of trade liberalisation and demanding skills training for potential future industrial growth.
Thai Manufacturing Small And Medium Sized Enterprise Technical Efficiency: Evidence From Firm-Level Industrial Census Data, Teerawat Charoenrat, Charles Harvie, Yot Amornkitvikai
Thai Manufacturing Small And Medium Sized Enterprise Technical Efficiency: Evidence From Firm-Level Industrial Census Data, Teerawat Charoenrat, Charles Harvie, Yot Amornkitvikai
Faculty of Business - Papers (Archive)
Thai manufacturing small and medium sized enterprises (SMEs) face intense competition in domestic and foreign markets. Given their importance to the economic development of the country it is important to have a clear understanding of their readiness to face the rigors of international competition, including the barriers and specific problems that they face. This study uses a stochastic frontier analysis (SFA) and technical inefficiency effects model to analyze the technical efficiency of Thai manufacturing SMEs and key factors impacting upon it. Analysis of cross-sectional data from a 2007 census of Thai manufacturing SMEs indicates that their weighted average technical efficiency …
Factors Affecting The Technical Inefficiency Of Thai Manufacturing And Exporting Small And Medium Sized Enterprises: A Stochastic Frontier Analysis (Sfa), Yot Amornkitvikai, Charles Harvie, Teerawat Charoenrat
Factors Affecting The Technical Inefficiency Of Thai Manufacturing And Exporting Small And Medium Sized Enterprises: A Stochastic Frontier Analysis (Sfa), Yot Amornkitvikai, Charles Harvie, Teerawat Charoenrat
Faculty of Business - Papers (Archive)
This study employs a stochastic frontier analysis (SFA) and technical inefficiency effects model to predict the technical efficiency of 3,168 Thai manufacturing and exporting SMEs, analyze their returns to scale and key factors impacting on their technical efficiency. Analysis of cross-sectional data from a 2007 census of Thai manufacturing SMEs indicates that their average technical efficiency is approximately 69.72 percent, signifying a moderate level of technical inefficiency which is reducing potential output. With respect to each group of manufacturing and exporting SMEs, SMEs exporting to East Asia have a level of technical efficiency of 0.7081, followed by SMEs exporting to …
Measuring The Technical Efficiency Of Thai Manufacturing Smes: A Comparison Of Parametric And Non-Parametric Approaches, Teerawat Charoenrat, Charles Harvie, Wannapa Naburana
Measuring The Technical Efficiency Of Thai Manufacturing Smes: A Comparison Of Parametric And Non-Parametric Approaches, Teerawat Charoenrat, Charles Harvie, Wannapa Naburana
Faculty of Business - Papers (Archive)
This study applies stochastic frontier analysis (SFA) and data envelopment analysis (DEA) approaches to measure and explain the technical efficiency of Thai manufacturing SMEs in 2007. The empirical results from both SFA and DEA revealed that the overall simple average technical efficiency in 2007 is relatively low, which can potentially reduce their output contribution. Therefore, specific policies are required to improve the technical efficiency of SMEs and these include easier access to financial services, credit facilities, equity in terms of the political operation, educational system, extensive infrastructural development, and technological upgrading, marketing and management.