Proceedings of the 5th International Conference on Advanced Research in Management, Economics and Accounting
Year: 2023
DOI:
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Assessing Sectoral and Socio-Economic Linkages with a 2022 Social Accounting Matrix for Thailand
Mana Luksamee-Arunothai
ABSTRACT:
This research has constructed the 2022 Social Accounting Matrix (SAM) for Thailand. SAM is a table that illustrates the flow of production, income, and expenditures to provide an overview of the economic activities within a country and the allocation of resources in the economic system. It balances receipts (incoming) and expenditures (outgoing) across various sectors of the economy in matrix form. Through this matrix, the study evaluated the sectoral and socio-economic linkages of different economic agents in Thailand. The overall findings indicate that Thailand’s production sector heavily relies on intermediate inputs, accounting for 60.38% of total inputs, with domestically-produced intermediate inputs at 41.88% and imported intermediate inputs at 18.51%. It also depends on primary inputs at 39.62%, with wages at 13.84%, operating surplus at 22.08%, and net indirect taxes at 3.70%. In addition, the study observed a distribution of outputs to meet intermediate demand at 41.88% and final demand at 58.12%. Regarding Thailand’s households, which are segmented into five income quintiles, the study revealed that the fifth quintile which is the wealthiest has an income 5.2 times more than the first quintile which is the poorest. The income structure of the first quintile heavily relies on assistance income, such as aid from other household quintiles and the government, accounting for as high as 24.80% of their total income.
keywords: Sectoral Linkage, Socio-Economic Linkage, Social Accounting Matrix, Thailand, Household Income