Summary. In recent years, a substantial number of studies of Thailand’s economic
growth experience have been published. While they differ in the details, some consistent themes
do emerge. Most of the studies argue that, in common with other high-growth economies of East
Asia, Thailand’s economic advancement has been dominated by exceptionally strong rates of
capital formation. The contribution of improvements in TFP is generally found to be modest, but
this is an area of some variation among the research reports. The divergent results can be traced
in turn to two major issues. First, there are large differences among the studies in the extent of
adjustment of the labor input for improvements in educational and skill quality. Those studies