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Abstract:
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This research aims at examining the factors involved with the productivity of the workforce in Thailand. The factors in this study include the number of employed high-school graduates, the number of employed undergraduates, the number of employees who receive skill development training, the number of people per medical officer, the government expense regarding research and development, the government expense regarding education development, and the government expense regarding public health development. The data used in this study is the panel data from 5 regions including the Central, the North, the South, the Southeast, and Bangkok, from 2004 to 2015 for a total of 12 years. Data analysis involves Panel Unit Root Tests, Cointegration method, and the estimation from the model of the factors involved with the productivity of the workforce in Thailand using OLS, DOLS, and GMM.
The findings indicate that the most influential factors are the government expense regarding research and development, followed by the number of employees who receive skill development training. It is found that when the percentage of the government expense regarding research and development and the number of employees who receives skill development training changes by 1 percent, the productivity of the workforce in Thailand will be affected by 0.028 and 0.015 percent respectively.
Key word: Factors / Labor Productivity / Labor / Productivity / Thailand
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