The Economic Impact: A Case Study of Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project
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Abstract
The research aims to 1) analyze the economic linkages of the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project and 2) evaluate the economic impacts of the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project. This research will be conducted quantitatively, analyzing the production factors and outputs that have been further improved in the construction sector of the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project. These will be incorporated into the production and output tables. The research findings indicate the following: 1) The backward multipliers of the intercity expressway project mentioned have higher values than the forward multipliers. This demonstrates that the Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project has a greater impact on connecting with other industries in the upstream sector. 2) The Bang Pa-In-Nakhon Ratchasima Intercity Motorway Project has resulted in an overall increase of 0.319% in the country's gross domestic product (GDP) compared to the baseline case, which is equivalent to a value of 44,368.03 million baht. The top 10 industries that experienced the highest increase in production output include mining and quarrying, the production of metal-based furniture and fixtures, engine and turbine manufacturing, cutting tool manufacturing, general-purpose machinery and equipment manufacturing using steel, cement production, petroleum and natural gas extraction, land transport of goods, business services, electricity generation, concrete product manufacturing, and job creation.
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