Market Expansion, Political Relationship and Geographical Inequality in the Early Rattanakosin Siam: A Theoretical Perspective
Journal Title: Thammasat Review of Economic and Social Policy - Year 2016, Vol 2, Issue 1
Abstract
This paper provides a simple theoretical model that explains a mechanism for which market economy might proliferate through various geographical locations in the early Rattanakosin Siam and its implication on locational inequality. The proliferation of market economy is often facilitated by a widespread network of merchants and the elite’s profit-maximisation trade incentives. The degree of market expansion in each city depends on elite’s benefits from the market and geographical location of the city. The results suggest four factors that contribute to the level of inequality both within and between cities: social structure, geographical location, individual’s connection with powerful elites and worker’s ability.
Authors and Affiliations
Pornthep Benyaapikul
Keywords
Related Articles
- EP ID EP553683
- DOI 10.14456/tresp.2016.4
- Views 91
- Downloads 0
Investigating relationship between Government Spending and Economic Growth: Public Spending and long-run GDP level
This study investigates the relationship between public spending and long-run GDP per capita. While most fiscal-growth studies put emphasis on the relationship in the public-policy endogenous growth model, this analysis...
Financial Regulation as an Adjustment Screw in the Transformation of Global Capital Markets
Globalization is typically understood as a process embracing complex economic, technological, socio-cultural and political forces which leads to progressive international integration at various levels. However, this incr...
How can Promoting "Desirable" Elderly Employment Opportunities Alleviate the Shortfalls of Thailand's Ageing Society?
This research article considers a simulated scenario in which there exists policy infrastructure that promotes employment options to support desirable life after retirement with fiscal sustainability. Two proposed “demo”...
On Income Inequality and Population Size
The pursuit of having an appropriate level of income inequality should be viewed as one of the biggest challenges facing academic scholars as well as policy makers. Unfortunately, research on this issue is currently lack...
Do Thai Credit Card Consumers Have Self-Control?
The use of credit cards has been popular in Thailand for several decades. As its popularity increases, policymakers and the public have expressed concerns over the credit card debt. With the panel dataset from the Nation...