transitional period – Japanese Translation – Keybot Dictionary
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www.grips.ac.jp
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The simulation is conducted separately for the high-tax period (1950-70) and for the
transitional period
from the high-tax to the non-tax period (1971-85) in order to asses how the redistributional effects of the rice export taxation among interest groups changed as the economy advanced from the low-income to the middle-income stage.
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These hypotheses are examined in terms of a historical review of rice trade and pricing policies in Thailand after the Second World War in Chapter 3. Before presenting the historical evidence on the evolution of rice trade and pricing policies in the course of economic development, the chapter provides an overview of the economic growth and structural transformation, production and export of rice, and the institutional environment affecting the policy-making process in Thailand. The historical evidence is consistent with the political-economy hypotheses. During the low-income stage, the Thai government taxed rice exports by several instruments to transfer income from politically-weak rice farmers to politically-strong urban consumers, business concerns, and the government. However, as the economy advanced to the middle-income stage, the government reduced the taxation on rice exports gradually aimed at narrowing the income disparities between the rural and urban sectors and between the formal and informal sectors corresponding to the slower growth in agricultural productivity than industrial productivity and the emergence of the dual structure in the urban economy.
