The effect of entrepreneurship on growth, income inequality and poverty in Thailand

The effect of entrepreneurship on growth, income inequality and poverty in Thailand

Entrepreneurship has been argued to play a key role in economic development. In this regard, Thailand has recorded remarkably high entrepreneurial activities compared to other Asian countries. Paradoxically, Thailand’s economic development in terms of growth, poverty and inequality has been relative...

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Main Author: Yanya, Muhammadsuhaimee
Format: Thesis
Language:eng
eng
Published: 2015
Subjects:
HB615-715 Entrepreneurship
Risk and uncertainty
Property
Online Access:https://etd.uum.edu.my/5751/1/s91737_01.pdf
https://etd.uum.edu.my/5751/2/s91737_02.pdf
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institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdul Hakim, Roslan
Abdul Razak, Nor Azam
topic HB615-715 Entrepreneurship
Risk and uncertainty
Property
spellingShingle HB615-715 Entrepreneurship
Risk and uncertainty
Property
Yanya, Muhammadsuhaimee
The effect of entrepreneurship on growth, income inequality and poverty in Thailand
description Entrepreneurship has been argued to play a key role in economic development. In this regard, Thailand has recorded remarkably high entrepreneurial activities compared to other Asian countries. Paradoxically, Thailand’s economic development in terms of growth, poverty and inequality has been relatively dismal compared to other Asian countries. Accordingly, these observations cast doubts on the role of entrepreneurship in economic development in Thailand. Therefore, the objective of this study is to investigate the impact of entrepreneurship on growth, poverty and inequality in Thailand. This study employs the growth regression model to investigate the relationship between entrepreneurship and growth. In addition, this study employs the inequality and poverty regression model to investigate the relationship between entrepreneurship and poverty, and between entrepreneurship and inequality. Besides, to ascertain the causality direction between entrepreneurship and growth, this study employs the Granger Causality test. This study uses the panel data for 76 provinces in Thailand covering the period 1997–2008. The results of the study show that entrepreneurship has a significantly positive impact on economic growth in Thailand. Entrepreneurship also is found to have a negative significant impact on poverty. However, the study fails to find evidence on the impact of entrepreneurship on income inequality and income of the poor. Furthermore, the Granger Causality test shows that entrepreneurship Granger-causes growth but not vice versa. Overall, the results imply that while entrepreneurship has a favorable effect on individuals as a whole, the benefits of entrepreneurship appear to accrue more to the non-poor individuals. Therefore, it is imperative that the policy- makers review the existing policies and strategies with regard to entrepreneurship development in Thailand.
format Thesis
qualification_name Ph.D.
qualification_level Doctorate
author Yanya, Muhammadsuhaimee
author_facet Yanya, Muhammadsuhaimee
author_sort Yanya, Muhammadsuhaimee
title The effect of entrepreneurship on growth, income inequality and poverty in Thailand
title_short The effect of entrepreneurship on growth, income inequality and poverty in Thailand
title_full The effect of entrepreneurship on growth, income inequality and poverty in Thailand
title_fullStr The effect of entrepreneurship on growth, income inequality and poverty in Thailand
title_full_unstemmed The effect of entrepreneurship on growth, income inequality and poverty in Thailand
title_sort effect of entrepreneurship on growth, income inequality and poverty in thailand
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2015
url https://etd.uum.edu.my/5751/1/s91737_01.pdf
https://etd.uum.edu.my/5751/2/s91737_02.pdf
_version_ 1747827974943539200
spelling my-uum-etd.57512021-03-29T09:24:35Z The effect of entrepreneurship on growth, income inequality and poverty in Thailand 2015 Yanya, Muhammadsuhaimee Abdul Hakim, Roslan Abdul Razak, Nor Azam Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB615-715 Entrepreneurship. Risk and uncertainty. Property Entrepreneurship has been argued to play a key role in economic development. In this regard, Thailand has recorded remarkably high entrepreneurial activities compared to other Asian countries. Paradoxically, Thailand’s economic development in terms of growth, poverty and inequality has been relatively dismal compared to other Asian countries. Accordingly, these observations cast doubts on the role of entrepreneurship in economic development in Thailand. Therefore, the objective of this study is to investigate the impact of entrepreneurship on growth, poverty and inequality in Thailand. This study employs the growth regression model to investigate the relationship between entrepreneurship and growth. In addition, this study employs the inequality and poverty regression model to investigate the relationship between entrepreneurship and poverty, and between entrepreneurship and inequality. Besides, to ascertain the causality direction between entrepreneurship and growth, this study employs the Granger Causality test. This study uses the panel data for 76 provinces in Thailand covering the period 1997–2008. The results of the study show that entrepreneurship has a significantly positive impact on economic growth in Thailand. Entrepreneurship also is found to have a negative significant impact on poverty. However, the study fails to find evidence on the impact of entrepreneurship on income inequality and income of the poor. Furthermore, the Granger Causality test shows that entrepreneurship Granger-causes growth but not vice versa. Overall, the results imply that while entrepreneurship has a favorable effect on individuals as a whole, the benefits of entrepreneurship appear to accrue more to the non-poor individuals. Therefore, it is imperative that the policy- makers review the existing policies and strategies with regard to entrepreneurship development in Thailand. 2015 Thesis https://etd.uum.edu.my/5751/ https://etd.uum.edu.my/5751/1/s91737_01.pdf text eng public https://etd.uum.edu.my/5751/2/s91737_02.pdf text eng public Ph.D. doctoral Universiti Utara Malaysia Acs, Z. (2006). How is Entrepreneurship Good for Economic Growth? Innovations: Technology, Governance, Globalizaation 1(1): 97-107. Acs, Z. J., Audretsch, D., Braunerhjelm, P., and Carlsson, B. (2004). The Missing Link: The Knowledge Filter and Endogenous Growth, Discussion Paper, London, Center for Economic Policy Research (CEPR). Acs, Z. J., Desai, S., and Hessels, J. (2008). Entrepreneurship economic development and institutions. 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