Effects of Foreign Aid: Evidence from Thailand (New Frontiers in Regional Science: Asian Perspectives, 50)

✍ Scribed by Hiroaki Sakurai

• Publisher: Springer
• Year: 2021
• Tongue: English
• Leaves: 89
• Category: Library

✦ Synopsis

This book focuses on the impact and effectiveness of foreign aid or official development assistance (ODA) from several aspects, as in the exemplary case of Thailand―factors that are important for formulating growth and fiscal policies to use foreign aid efficiently. Specifically, the book is devoted to analyzing the belief among aid practitioners that foreign aid, aimed mainly at wider access to social infrastructure, is one of the important elements for increasing living standards. Thailand has attained economic growth and poverty reduction while it has been receiving foreign aid for more than 50 years, with Japan providing one of the major portions of that aid. However, there is no established theory in the field of economics and related disciplines about whether foreign aid helps developing countries to improve the livelihoods of the poor. According to the analysis advocated in this book, foreign aid to Thailand contributes to economic growth. Moreover, the Thai government generally has governed foreign aid well and maintained sound management of finance primarily by reducing domestic borrowing as an alternative to foreign aid. The book shows that a kind of inter-dependent strategic relation has been established and managed well among aid agencies. These results, introduced by long-term data, are consistent with widely accepted ideas, while the effect of foreign aid itself is still under discussion. This book is intended to answer the needs of aid donors and policymakers as well as researchers and Ph.D. students. In addition, it suggests that other developing countries following similar policies should look to evidence from Thailand to reinforce their own cases.

✦ Table of Contents

Preface
Contents
Abbreviations
Chapter 1: Foreign Aid, Poverty Reduction, and Economic Growth in Thailand
1.1 Economic Growth and Poverty Reduction in Thailand
1.2 Official Development Assistance (ODA) to Thailand
1.2.1 Definition of ODA
1.2.2 History of ODA to Thailand
1.2.3 Thai Government as a Recipient Country
1.2.4 Plaza Agreement in 1985 and FDI
1.3 Purpose of This Book
References
Chapter 2: Literature Review
2.1 Introduction
2.2 Foreign Aid and Economic Growth
2.2.1 Impacts of Foreign Aid
2.2.2 Productivity of Social Infrastructure
2.3 Foreign Aid and Fiscal Condition
2.4 Relationship Among Aid Facilities
2.5 Concluding Remarks
References
Chapter 3: Statistics in Thailand
3.1 Introduction
3.2 Region and Population Statistics in Thailand
3.3 National Accounts of Thailand
3.3.1 National Income in Thailand
3.3.2 GPP and Socio-economic Survey in Thailand
3.3.3 Capital Stock in Thailand
3.4 Foreign Aid
3.5 Fiscal Data in Thailand
3.6 Labor Statistics
3.7 Price
3.8 Ways of Acquiring Statistics
3.9 Conclusion
References
Chapter 4: Foreign Aid Loans and Economic Growth in Thailand
4.1 Introduction
4.2 Estimation of the Effect of the Foreign Aid in the Entire Country
4.2.1 Model
4.2.2 Data
4.2.3 Estimation Results
4.2.4 Marginal Production Effects
4.2.5 Comparison of the Public Capital
4.2.6 Summary
4.3 Estimation of the Effects of the Foreign Aid (Yen Loan) in Regional Panel Data
4.3.1 Model
4.3.2 Data
4.3.3 Estimation Results
4.3.4 Summary
4.4 Conclusion
References
Chapter 5: Fiscal Effects of Foreign Aid in Thailand
5.1 Introduction
5.2 Literature Review
5.3 Methodology and Estimation Results
5.3.1 Data
5.3.2 Total Governmental Expenditure
5.3.3 Categorizing Consumption Expenditure and Capital Expenditure
5.3.4 Impact of Foreign Aid in the 1960s and the 1970s
5.4 Conclusion
References
Chapter 6: Relationships Between Aid Agencies
6.1 Introduction
6.2 Methodology and Data
6.2.1 Introduction
6.2.2 Simple Model
6.2.3 Data and Methodology
6.3 Estimation Results
6.4 Conclusion
Reference
Chapter 7: Summary and Conclusion
7.1 Summary of Research Results
7.2 Research Results and Further Research
7.2.1 Research Results and the Purpose of This Book
7.2.2 Further Research
7.3 ODA Has a Bad Impression in Japan
7.4 One Suggestion to the Future Foreign Aid
References