The Effect of Railway Transportation on the Aggregate Economic System, Including Separate Sectors in Thailand
The Effect of Railway Transportation on the Aggregate Economic System, Including Separate Sectors in Thailand

Summary/Abstract: This paper aims to analyze the effect of railway transportation on the aggregate economic system. A Computable General Equilibrium (CGE) model is employed to investigate the economic impacts, comprising: household consumption, gross domestic output, primary factors, government consumption, investment demand, imports, exports, domestic goods, composite goods, value-added, and social welfare. The findings conclude that railway transportation impacts on the manufacturing sector but not necessarily on agriculture, service, and light industry. Since the railway in Thailand is currently used by a limited number of industries, if adopted by a larger number of sectors in the future, it is likely to create a positive impact on all sectors in Thailand.

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