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Energy and Economic Interaction in Thailand

The rapid rate of economic growth experienced in Thailand through the mid-1980s has been associated with an even more rapid use of energy as a factor input. This paper decomposes total change in energy into output, structural change and conservations effects. In the industrial sector, the rate of expansion in total energy inputs has been sharply reduced due to a structural change away from agricultural and manufacturing dominance and by a significant increase in the efficiency of energy use. In the household sector, the energy impacts of the expansion in the use of appliances were more than offset by the economies associated with delivered energy forms, and by other apparent adjustments in connection with higher energy costs.

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Energy Specializations: Energy and the Economy – Energy as a Productive Input; Energy and the Economy –Economic Growth and Energy Demand; Energy and the Economy – Resource Endowments and Economic Performance; Energy and the Economy – Energy Shocks and Business Cycles

JEL Codes:
O13 - Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products
Q34 - Natural Resources and Domestic and International Conflicts
F44 - International Business Cycles

Keywords: Economic growth, Energy demand, Thailand, Decomposition, Structural change

DOI: 10.5547/ISSN0195-6574-EJ-Vol13-No1-8

Published in Volume 13, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.