This analysis examines economic impacts of bubbles on income distribution and employment in Thailand, suggesting critical insights.
This paper examines the economic consequences of Thailands bubble economy prior to the 1997 Asian financial crisis, with a particular focus on employment structure and income distribution.While asset bubbles are primarily financial phenomena, their collapse has substantial spillover effects on the real economy, affecting workers wages and sectoral allocation.
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Takayuki Yamashita (2026) studied this question.
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