Second, there are also large differences among the studies in the relative weights attached to growth in the capital and labor inputs.
Because a small proportion of employed persons in
Thailand are classified as employees, the labor share of value added is quite low in the official national accounts.
Thus, most of the weight in a growth accounting ออกใช้, where output growth is computed as a weighted average of the growth in the factor inputs, is attached to the fast-growing capital input, resulting in a small residual estimate of TFP.
Several of the studies adjust the factor shares by ใส่ความ a wage to the self-employed (employers, own account and unpaid family members) that results in the reallocation of a large amount income from capital to labor income.
Since the growth of the labor input is less than that of capital, the result is a larger residual estimate of TFP.