Tax and Economic Growth in Thailand (in Thai)
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Abstract
This research seeks to provide the general information of average tax burden collecting from capital, labor, and consumption as well as to find out whether or not those taxes undermine economic growth. The statistics used in this study are quarterly data of Thailand from 1993-2016 derived from the National Statistics Bureau of Thailand, Fiscal Policy Office and Bank of Thailand. To start, the descriptive analysis is provided. Then, the regression method is adopted. The results drawn from this study suggest that average tax burden on labor is negatively related with Thailand’s economic growth whereas the burden on capital and consumption do not have a significant association with the growth rates.
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