Abstract
Construction of a macro-economic model for the Thai economy at the Bank of Thailand was initially started in 1974. Since then effort has continued to improve and modify its structure and performance until the required standard of practical applicability was attained in 1979. This 1979 BOT model has undergone some minor modifications, but fundamentally its structure is still kept in the Bank for the purpose of forecast and policy evaluation. The model consists of two key blocks; namely, the real and financial blocks. They are lilnked together through the adjustments of incomes, prices and interest rate. For illustration, however, only the real block is discussed here, while the financial transactions are treated exogenously.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Chaipravat O, Meesook K, Ganjarerndee S (1979) Bank of Thailand model of the Thai economy. Bank of Thailand Discussion Paper, no DP/79/25, February
Hendry DF, Mizon GE (1978) Serial correlation as a convenient simplification, not a nuisance: a comment on a study of the demand for money by the Bank of England. The Economic Journal, vol 88, no 351: 549–563
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1985 Springer-Verlag Tokyo
About this paper
Cite this paper
Ganjarerndee, S. (1985). Thailand Model. In: Ichimura, S., Ezaki, M. (eds) Econometric Models of Asian Link. Springer, Tokyo. https://doi.org/10.1007/978-4-431-68028-4_6
Download citation
DOI: https://doi.org/10.1007/978-4-431-68028-4_6
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-70007-4
Online ISBN: 978-4-431-68028-4
eBook Packages: Springer Book Archive