New Methodology in the Analysis of Income Inequality: A Thai Case Study
Keywords:
Inequality, Economic growth, IncomeAbstract
The purpose of this study was to develop a measurement that can be used to analyze income inequality by applying an Input - Output table. In this case it was applied to Thai trade data. The study precisely constructed a model displaying changes in income distribution throughout the economy when economic growth exists. In the case of Thailand, there is still a problem of income inequality, but the situation has gradually improved over the past 30 years. However, Thailand's distribution of income is likely to be negatively affected by exogenous shocks, for example, economic crises and natural disasters. Moreover, the results from applying this model revealed both conformity and unconformity, with the Gini coefficient acting as a key indicator of income inequality.
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