Human Capital Investment and Agriculture in Thailand

English

Abstract

This study examines the direction of the relationship between human capital and agriculture where education and health are indicators of human capital development in this study. For indicators of agricultural development, we focus on agriculture performance and employment in agriculture. This study uses vector analysis to see the direction of the relationship between education investment, health investment, employment in agriculture and agriculture performance. The data used is secondary data with an annual period from 2000 to 2019. We found that the growth of agriculture performance is in line with or in line with education and health investment in Thailand. This indicates that Thailand has succeeded in successfully investing in education an health to improve agricultural performance. The employment in agriculture graph in Thailand continues to decline. Technology makes human work easier and advances in agricultural technology make agricultural work increasingly requiring less human labor. However, if the decline occurs continuously, it is also worrying because the decline in human resources indicates a decrease in human labor, which is the core factor of production. Of course, the decline in the number of people working in the agricultural sector in Thailand needs to be studied further.