Thailand and The World Economy

Next Issues vol. 42/2 and 42/3. (forthcoming)

2024-01-08T14:30:19+07:00

Next Issue (forthcoming) Vol. 42 No.2 May-August 2024

- Consumers’ intention to adopt last-mile drone delivery services: A comparison between US and Thai consumers

Charlie Chen, Steve Leon, Laddawan Kaewkitipong

- Export spillovers from FDI in manufacturing industry in Viet Nam

Nhuong Huy Bui, Hoi Le, Ngoc Bich Nguyen, Tien Duc Vu

- How does Financial Inclusion affect Unemployment: Finding Evidence from Selected Upper Middle and Lower Middle-Income Countries?

Rajesh Barik

- Is ESG a new anecdote to Investment decisions for Indian investors: An ARDL Approach?

Ashutosh Yadav

- Some factors influence the willingness to buy Thai products - A case study in Vietnam

Cao Quoc Viet, Phan Ngoc Anh, Doan Thuan Phat

- System-Social Strategy for Trust Building in Mobile Banking Context

Phyo Min Tun

- The Preliminary Linkage Between Non-Tariff Measures And Sustainable Development Goals. Evidence From Vietnam In Post-Covid19 Pandemic

Nguyen Bich Ngoc

- Research on impacting factors of university lecturers’ knowledge sharing in Vietnam

Sang Van Do

- Impact of Financial Literacy and Health Care Status on Socio-Economic Development of Santal Tribe in Odisha: A Structural Equation Model

Kandan Hansdah

- Composition of Growth, Institution and External Debt Reduction in Africa

Anayochukwu Basil Chukwu, TOBECHI F. AGBANIKE, Lasbrey Ifeanyi Anochiwa, Hycenth O. R Ogwuru, Ikwor O. Ogbonnaya, Enyinnaya T. Matthew

- Examining the impact of diet diversity on stunting levels in Asia

Saumin Agarwal, Aryaman Agarwal

Next Issue (forthcoming) Vol. 42 No.3 September – December 2024

- Influences of Foreign-Owned Enterprises on Domestic Wage: The Case of Vietnam

Dinh Bao Ho

- The impact of public investment on private investment in Vietnam’s Central Key Economic Region and the Mekong Delta Key Economic Region: A PMG approach

Thuong Ho, Huyen Nguyen

- Examining the Link between Social Impact, CSR Reporting Practice, and Firm Performance in the ASEAN Banking Industry

Berto Usman, Ridwan Nurazi, Intan Zoraya, Yennita

- COVID-19 Outbreak: The Impact on Digital Finance

Sonal Gupta

- COVID-19 PANDEMIC IN INDONESIA: WHICH SECTOR HAS THE MOST IMPACT AND HOW DOES IT AFFECT POVERTY?

Hilda Aprina

- The advantages and disadvantages of political connections: the case of SMEs in Vietnam

Thuy Linh Duong

- How Does Internationalization Affect The Performance Of Indonesian Family Firms With CEOs’ Demographics As Moderators?

Wisudanto, Muhammad Madyan, Muhammad Daffa, Wulan Rahmadani Setiawan

- Urbanization and income inequality in Vietnam: An Empirical Investigation at Provincial Level

Do Quynh Anh, Nguyen Thi Vi, Nguyen Thi Thanh Duong

- Greenwashing: An Integrated Thematic and Content Analysis of Literature through Scientometrics Methods

Dileep Singh, Sameera Khan

- Potential Thai Tourists Segmentation to Reduce Dependency on Foreign Tourists

Chayapoj Lee-Anant

Minimum Wage Effects on Labor Market Outcomes: Evidence from Thailand

2024-01-04T14:59:02+07:00

This paper estimates the contemporaneous effects of the real minimum wage on wage, labor income, total compensation, overtime income, working hours, and disemployment using individual-level panel data, created from the matched-outgoing rotation group (matched-ORG) of the Labor Force Survey of Thailand between 2002 and 2013. We found that real wage and real total compensation were positively correlated with real minimum wage for both the gradual decline period (2002-2011) and the big jump period (2012-2013). Working hours were negatively correlated for the first period but positively correlated for the second one, while the opposite was true for the disemployment effect.

Global Value Chains Promoting Economic Integration in Asia-Pacific: Insights from a Systematic Literature Review

2024-01-04T16:47:26+07:00

Economic integration, encompassing the removal or reduction of trade barriers and the coordination of monetary and fiscal policies, plays a pivotal role in promoting cooperation among nations. This systematic literature review examines the role of global value chains (GVCs) in promoting economic integration, with a specific focus on the Asia-Pacific region. Utilizing the PRISMA methodology, 3028 research papers on economic integration and GVCs were analysed. The study aims to investigate the significance of GVCs in driving economic integration, explore factors influencing GVC participation, and identify the economic variables affected by GVC engagement. The analysis reveals a predominant focus on developed nations rather than developing countries in the research on GVCs, with 75 studies discussing factors influencing GVC participation, such as GDP, servicification, trade agreements, digitalization, exchange rates, and non-tariff trade barriers. Additionally, 95 research papers examine the impact of GVC participation on economic indicators like labour productivity, employment, and GDP growth. However, studies specifically exploring the parameters for enhancing economic integration through GVCs in the Asia-Pacific region are limited and recent, underscoring the need for further research. This review highlights the growing importance of the Asia-Pacific region within the global value chain and emphasizes the potential for leveraging GVCs to foster economic integration.

Patterns and Characteristics of Households Income Diversification: The Case of Thai Rural Households

2024-01-04T15:48:20+07:00

To mitigate the socio-economic problems arising from income disparity, a comprehensive view and insights into rural households’ behaviors and environment are crucial. This study employs cluster analysis to develop an empirical taxonomy of households’ occupations in Thai rural areas and gain insights into households' income diversification and occupation patterns, as well as contributing factors. Results of the study indicate that, among the five groups, the extent of the income diversification is rather low as the households concentrate on one main production activity to produce household income. There is no evidence of the income generated through value-added products. The limitation of the households ability to diversify their income sources is due to household size and composition.

A Social Network Analysis of Information Diffusion for Anti-Corruption Cooperation in Thailand

2024-01-04T16:36:12+07:00

Systematic and efficient collaboration are key contributing factors to efficiency in anti-corruption efforts. Research shows Thailand’s anti-corruption networks are decentralised. There are no formal central nodes responsible for coordinating between them. This makes the network not as efficient as it should be. Nevertheless, the work had its limitations. They only studied static relationships and analysed only missions. Thus, this study employs experimental networking to design surveys on information communication within networks, with social network analysis as a tool to analyse data and study dynamics of communication in the network. The results confirm the scattered communication pattern. The advantage is economies of scale in information distribution. However, such a pattern obstructs the efficient flow of information in the network. Information would flow slowly, leading to the risk of losing important information. This poses a significant challenge to collaboration in the network. Thus, Thailand’s anti-corruption networks should be structured systematically, with a focus on efficiency in information communication, based on the findings from this paper.

Barriers Perceived By Companies And Potential Solutions To Foster Green Innovation In Vietnam

2024-01-04T15:52:39+07:00

This study aims to identify barriers perceived by manufacturers and propose potential solutions to foster green innovation in Vietnam. A theoretical framework and the inductive case research method are used to analyze how companies in a less developed institutional context overcome barriers to green innovation. Results suggest that regulatory, technology, market, finance, costs, human resources, network, perception, and customer acceptance are significant barriers to green innovation by manufacturing companies in Vietnam. Through the analysis, the study also indicates companies’ potential solutions that will help elucidate the barriers to green innovation. Implications and future research developments for promoting green innovation in Vietnamese companies are suggested.

Measuring Digital Financial Literacy: Scale Development and Validation

2024-01-04T16:30:09+07:00

Digital financial literacy is projected to become an increasingly significant part of education in the digital age, both in India and around the world. To create programs to raise the level of financial literacy among people in the digital age, it is essential to measure the level of digital financial literacy among various societal segments. The study aims to provide a validated tool for measuring the digital financial literacy of individuals in developing countries, like India and also to analyze the significance of its key dimensions. Also, the level of DFL among respondents in the National Capital Territory (India) was measured. The study adopted the widely used scale development paradigm provided by Churchill (1979). The empirical data was collected using two online surveys with 145 (N1) and 323 (N2) sample sizes, which were analyzed with factor analysis using International Business Machines (IBM) Statistical Package for Social Sciences (SPSS) and IBM SPSS Analysis of Moment Structures (AMOS) statistical software. The proposed digital financial literacy scale consists of twenty-two statements under five key aspects of digital financial literacy, which are: Digital Financial Risk and Control; Basic Digital Financial Knowledge; Advanced Digital Financial Knowledge; Digital Financial Attitude, and Digital Financial Behavior. The proposed Digital Financial Literacy Scale demonstrated sound psychometric properties, encouraging its future usage for assessing the digital financial literacy of individuals. Furthermore, it can help organizations and concerned authorities compare individuals' digital financial literacy levels pre- and post-implementation of Digital Financial Literacy Awareness campaigns.

Did ‘Burmese Way to Socialism’ Create Jobs Equitably?

2023-01-31T10:32:34+07:00

This study examines whether the adoption of the ‘Burmese Way to Socialism’ philosophy by Myanmar’s military regime affected employment opportunities in non-agriculture sectors and created jobs equitably for the Burmese majority and other ethnic minorities. The econometric analyses of two censuses between 2014 and 2019 showed that the growth of industrial employment in Myanmar faltered under the military junta. Also, the majority ethnic Burmese gained more employment than other ethnic minorities, indicating that the economic inequality widened under the military regime. These results contradict the socialist ideology of industrialization and equality touted by the military government.

Using Google Trends in Modelling Sales and Household Consumption Behaviours

2024-01-04T15:57:05+07:00

From the keyword search “sale” in Google Trends, this research aims to re-examine the association between Google Trends keyword search and related topics in order to develop a marketing strategy towards sale performance and household consumption. The study analysed sales performance and household consumption using data during the period 2007-2020. The methodology was divided into two stages, the first of which involved identifying the relevant dimensions of five related topics using the ordinary least square regression logarithm. During the second stage, quantile regression was used to evaluate the association between Google Trends keyword search and related topics using a set of regression functions to account for non-normal errors and outliers. The results show that households using smartphones and household debt have a positive impact on both sales performance and household consumption, while internet usage by entrepreneurs is negatively influenced at all levels of household consumption but shows a highly positive influence on both low and high levels of sales (the lowest and highest quantiles). The results show further that price is sensitive to both sales performance and household consumption due to its strongly negative impact on the lowest and highest levels of household consumption, but there is a positive association with the highest sales level. Companies or entrepreneurs can visualize promptly specific directions on digital marketing strategy handling to rapid economic changes in order to increase sales performance. This finding used an exact methodology for calculating the association of Google Search in order to answer the significant factors association that would be essential for the practical research.

The Link of Corporate Social Responsibility Communication towards Customer Value Co-creation: An Empirical Study in Banking Business Indonesia

2023-08-18T10:30:06+07:00

Corporate social responsibility (CSR) is integral to its strategy to promote long-term success and improve the community's well-being. It involves identifying and implementing strategies and procedures designed to promote ethical practices. The concept of CSR is crucial to a banking business's overall strategy to enhance its relationship with its customers. This study aims to analyze the impact of CSR on the interactions between social media influencers, customer value co-creation, and the banking industry in Indonesia. The study was conducted through quantitative research. The primary data was based on stratified sampling obtained through the 400 samples from Indonesia who have purchased and recognized CSR of the banking business. This study used a standardized questionnaire to evaluate our model generated from the works of literature. The statistics have applied confirmatory factor analysis and structural equation model AMOS 28. CSR communication and each construct considerably affect banking business performance in exploring sustainability programs. Results revealed that social media influencers have a positive impact on CSR communication. Correspondingly, CSR communication has a positive impact on customer company identification. CSR communication has a positive impact on customer value co-creation. The paper comes up with the literature by confirming that consumers in Indonesia intend to sponsor the banking business CSR activities. Then, the increasing number of investigations related to CSR could help improve the banking industry's competitive advantage and financial performance.