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Effect of Decentralization Strategy on Macroeconomic Stability in Thailand

Effect of Decentralization Strategy on Macroeconomic Stability in Thailand

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This research study examines how the Thai central government can finance decentralization and make local governments accountable for their own finances.
This research study examines how the Thai central government can finance decentralization and make local governments accountable for their own finances.

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Published by: Asian Development Bank on Jul 15, 2013
Copyright:Attribution Non-commercial

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01/22/2014

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ECONOMICSAND RESEARCH DEPARTMENT
ERDWORKINGPAPERSERIESNO.17
Kanokpan Lao-Araya
August 2002
 Asian Development Bank 
Effect of DecentralizationStrategy on MacroeconomicStability in Thailand
 
ERD Working Paper No. 17
E
FFECT
 
OF
D
ECENTRALIZATION
S
TRATEGY
 
ON
M
ACROECONOMIC
S
TABILITY
 
IN
T
HAILAND
34
ERD Working Paper No. 17
E
FFECT
 
OF
D
ECENTRALIZATION
S
TRATEGYON
M
ACROECONOMIC
S
TABILITY
 
IN
T
HAILAND
K
ANOKPAN
L
AO
-A
RAYA
August 2002
Kanokpan Lao-Araya is an economist at the Development Indicators and Policy Research Division, Economicsand Research Department, Asian Development Bank. The views expressed in this paper are those of theauthor and do not necessarily represent those of ADB. The author wishes to thank Arvind Panagariya,Charles Adams, and Jeffrey Liang for guidance and support of this research project. This paper also benefitsfrom inputs from the author’s former colleagues at the Fiscal Policy Office and Policy Research Institute,Ministry of Finance, Thailand, particularly Sethaput Suthiwartnarueput and Jaroonsri Chyehard. The authoralso appreciates comments by Ernesto Pernia, J. P. Verbiest, Richard Bolt, Yun-Hwan Kim, ChristopherEdmonds, V.N. Gnanathurai, and Sailesh Jha.
 
35
 Asian Development BankP.O. Box 7890980 ManilaPhilippines
2002 by Asian Development Bank August 2002ISSN 1655-5252The views expressed in this paperare those of the author(s) and do notnecessarily reflect the views or policiesof the Asian Development Bank.

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