Advances in Management and Applied Economics

Impact of seasonal rainfall on economic growth in Thailand

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  • Abstract 
    The effects of climate change are significant in terms of rainfall variation. This article contributes to the literature by investigating the impacts of seasonal rainfall on the gross provincial product (GPP) growth rates of provinces in Thailand by using panel data from 1995 to 2015, and a fixed effects model was used for the regression. The estimates suggest that rainfall in summer has the most significant negative impacts on the region of southern Thailand because this region has the highest volume of rainfall and is affected by the monsoon in summer, whereas the central region and the Bangkok Metropolitan Region benefit from the summer rainfall. These results show that seasonal rainfall has an impact on the economic growth inequality throughout the nation. 
    Keywords: Rainfall, Economic growth, Fixed effect model