The Impact of Capital Intensive Farming in Thailand: A Computable General Equilibrium Approach

The aim of this study is to explore whether efforts to encourage producers to use agricultural machinery and equipment will significantly improve agricultural productivity, income distribution amongst social groups, as well as macroeconomic performance in Thailand. A 2000 Social Accounting Matrix (SAM) of Thailand was constructed as a data set, and then a 20 production-sector Computable General Equilibrium (CGE) model was developed for the Thai economy. The CGE model is employed to simulate the impact of capital-intensive farming on the Thai economy under two different scenarios: technological change and free trade. Four simulations were conducted. Simulation 1 increased the share parameter of capital in the agricultural sector by 5%. Simulation 2 shows a 5% increase in agricultural capital stock. A removal in import tariffs for agricultural machinery sector forms the basis for Simulation 3. The last simulation (Simulation 4) is the combination of the above three simulations. The results for each simulation are divided into four effects: input, output, income and macroeconomic effects. The results of the first two simulations produced opposite outcomes in terms of the four effects. Simulation 2 accelerated the capital intensification of all agricultural sectors, whereas Simulation 1 led to more capital intensity in some agricultural sectors. The effects of the input reallocation had a simultaneous impact on output in every sector. Simulation 1 led to a fall of almost all outputs in the agricultural sectors, whereas there was an increase in agricultural output in Simulation 2. In terms of domestic income effects, as a result of the decline of the average price of factors in Simulation 1, there was a decrease in factor incomes belonging to households and enterprises. Consequently, government revenue decreased by 0.7%. In contrast, Simulation 2 resulted in an increase in all incomes above. Finally, regarding macroeconomic variables, Simulation 1 had a negative impact on private consumption, government consumption, investment, imports and exports, resulting in Gross Domestic Product (GDP) decreasing by 0.8%. On the other hand, Simulation 2 had a positive impact on those same variables, affecting a 0.4% rise of GDP. The effects of Simulation 3 were very small in everything compared with the first two simulations. The effect of Simulation 4 was mostly dominated by Simulations 1 and 2; the negative results of Simulation 1 were compensated by the positive effects of Simulation 2.Capital intensive farming, CGE, general equilibrium, SAM, Thailand, Agricultural and Food Policy, Crop Production/Industries, Environmental Economics and Policy, Farm Management, Productivity Analysis,

EVALUATING NATURE-BASED TOURISM USING THE NEW ENVIRONMENTAL PARADIGM

Nature-based tourism (NBT), alternatively known as ecotourism, is a rapidly expanding area in the tourism travel sector. States such as Louisiana with a well established urban-based tourism industry may have expansion opportunities through development of complementary nature-based tourism. This study analyzes the decision to participate in NBT among Louisiana tourists.Nature tourism, Ecotourism, NEP, Resource /Energy Economics and Policy,

QUALITY AS A LATENT VARIABLE IN RECREATION ACCESS ANALYSIS

Recreation trends indicating an increasing demand for quality recreation experiences suggest the need for special consideration of quality in analysis of fee access recreation. By viewing quality as a subjective latent variable, this paper uses a simultaneous equation framework to consider the use of subjective versus objective appraisals of quality in fee-based recreation access analysis.Resource /Energy Economics and Policy,

Search for resonances decaying into photon pairs in 139 fb−1 of pp collisions at √s = 13 TeV with the ATLAS detector

Searches for new resonances in the diphoton final state, with spin 0 as predicted by theories with an extended Higgs sector and with spin 2 using a warped extra-dimension benchmark model, are presented using 139 fb−1 of √s = 13 TeV pp collision data collected by the ATLAS experiment at the LHC. No significant deviation from the Standard Model is observed and upper limits are placed on the production cross-section times branching ratio to two photons as a function of the resonance mass

The Implications of the Resource Management Act to Property Rights in Agriculture Land Use in New Zealand

The Resource Management Act 1991 sets new standards for environmental regulations in New Zealand. The emphasis of the legislation is on property rights and market solutions. This paper is concerned with the limits to market solutions in the presence of externalities and potentially high transaction costs

A Model of Choice between Current Consumption and Future Economic Growth

This paper uses a newly proposed working definition of sustainability based upon the Rawlsian principle of justice to develop a simple aggregative model of growth. The model explores the issue of choice between current consumption and future economic growth through changes in capital stock. It is shown that sustainable growth limits the range of this choice, but does not determine it. The model used is only illustrative, but may be useful as a pointer for future research and comparison of sustainability modelling techniques

The Implications of the Resource Management Act to Property Rights in Agriculture Land Use in New Zealand

The Resource Management Act 1991 sets new standards for environmental regulations in New Zealand. The emphasis of the legislation is on property rights and market solutions. This paper is concerned with the limits to market solutions in the presence of externalities and potentially high transaction costs.Land Economics/Use,

A Model of Choice between Current Consumption and Future Economic Growth

This paper uses a newly proposed working definition of sustainability based upon the Rawlsian principle of justice to develop a simple aggregative model of growth. The model explores the issue of choice between current consumption and future economic growth through changes in capital stock. It is shown that sustainable growth limits the range of this choice, but does not determine it. The model used is only illustrative, but may be useful as a pointer for future research and comparison of sustainability modelling techniques.International Development,

A CONJOINT ANALYSIS OF WATERFOWL HUNTING IN LOUISIANA

Conjoint analysis, widely used in marketing research, offers an alternative resource valuation approach suited to outdoor recreation activities characterized as multiattribute. Design, implementation, and interpretation of conjoint analysis are reviewed in the context of recreation applications. Conjoint analysis is used in an analysis of waterfowl hunting in Louisiana. Using primary data collected from a survey of waterfowl hunters, ordered logit is used to estimate willingness-to-pay for recreation experience attributes

A CONJOINT ANALYSIS OF WATERFOWL HUNTING IN LOUISIANA

Conjoint analysis, widely used in marketing research, offers an alternative resource valuation approach suited to outdoor recreation activities characterized as multiattribute. Design, implementation, and interpretation of conjoint analysis are reviewed in the context of recreation applications. Conjoint analysis is used in an analysis of waterfowl hunting in Louisiana. Using primary data collected from a survey of waterfowl hunters, ordered logit is used to estimate willingness-to-pay for recreation experience attributes.Conjoint analysis, Recreation demand, Waterfowl hunting, Valuation, Resource /Energy Economics and Policy,