Examining the effect of biofuel industry on Thailand's economy dependent on input-yield model

¹ Chulalongkorn University, Graduate School, Bangkok, Thailand
² Chulalongkorn University, Faculty of Engineering, Bangkok, Thailand
³ Chulalongkorn University, Faculty of Engineering, Bangkok, Thailand

^* Corresponding author: thipruedee.l@gmail.com

Abstract

This examination is to consider the effect of the biofuel business incorporates ethanol and biodiesel, to Thailand's Economy by utilizing Input-Output examiner. Thailand's Alternate Energy Development Plan (AEDP) has been advancing the biofuel business persistently in the previous ten years by sponsoring biofuel items and propelled command strategy. This arrangement is concentrating on expanding residential elective vitality use to supplant petroleum derivative imports and increment inside vitality security. In any case, the test of this industry is the items' value seriousness with customary fuel, and appropriation is required to cause this industry to continue in the market. Right now, we have constrained information about the monetary ramifications. The principle goal of this investigation is to concentrate on the effect of the biofuel business on every industry part and an total yield of Thailand's economy. Thus, the biofuel business can expand the complete yield of the Thai economy, family unit pay. Nonetheless, this industry has a somewhat negative on expense and worth included. From upsides and downsides correlation, despite the fact that the administration marginally misfortune advantage in duty and worth included, yet that advantage goes to family unit salary. Thus, biofuels advancement is suggested.