Impact on Employment by Economic Activities
Impacts of agricultural productivity on employment in each economic activity are
provided in table 2. Agricultural productivity in both current and lagged values is
insignificant in explaining the employment in agricultural sector at 95% confidence level, but
employment in other sectors is likely significant. All three models have the goodness of fit at
roughly 99.8%, which ensures the capacity of explanatory variables at the same time in
measuring the relationship with the employment. However, there are autocorrelation problem
remaining in all models which might cause the exact values of coefficients to be varied from
the estimation. However, the evaluation still provides the tendency of influence of
productivity on employment in Thailand during 1981-2007.