A final perspective on Thailand’s growth performance is provided by a comparison to its
regional neighbors. As shown in Table 11, Thailand’s aggregate growth performance has been
very typical of the East-Asian economies. The methodology used to construct the growth
accounts differs slight from that of table 9 because most other countries do not have a detailed
employment survey comparable to that of Thailand, and the contributions to growth are based on
fixed factor shares. Still, Thailand is very much in the middle of the group with respect to
growth in both labor productivity and TFP. In the years before and after the crisis, the rate of
TFP growth in Thailand appears to have been slightly higher than neighboring countries. While 27
the gains in education have been comparable to other countries, the overall level of educational
attainment in Thailand is still quite modest relative to strong-performing countries, such as Korea
and Taiwan.