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    Relationship between financial and real sectors: implications for stable economic development [evidence from Thailand] 

    Khalil, Muhammad Azhar; Santi Chaisrisawatsuk (National Institute of Development Administration, 2018)

    Economic real sector is essential for growth and development as its activities persuade progress of economic output. The sector generates better outcomes if it is accompanied with a healthier financial system; thus, advancement of financial sector is a means for the growth of real sector. This study reexamine the relationship between financial and real sectors of Thailand with the volatility analysis of GDP caused by development of financial market. The GARCH Model, Johansen-Juselius (1990) co-integration test, and vector error correction model ...
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    Kobkan Panphong; Kobkan Panphong; Santi Chaisrisawatsuk; สันติ ชัยศรีสวัสดิ์สุข; National Institute of Development Administration. School of Development Economics; Santi Chaisrisawatsuk; สันติ ชัยศรีสวัสดิ์สุข (National Institute of Development Administration, 13/8/2021)

    Local government policies have been strongly linked to the principles of subsidies and decentralization in Thailand since 1997. The distribution model for local government organizations is linked to the suitability or need for change, which often depends on the economic efficiency and size of the local government organization in terms of population, i.e. economies of scale. This study contributes to the discussion on economies of scale under the conditions of Thai local administrative organizations based on the Cobb-Douglas production function ...