This dissertation includes three empirical essays on logistics performance and economic development. The first essay is related to the linkages of logistics components for trade improvement. In this paper, the World Bank’s Logistics Performance Index (LPI) and its components are used to represent trade facilitation according to the first index published in 2007 until the latest in 2016 through five editions. This research aims to analyze the role of logistics components linked to global exports of agricultural and manufactured products using a ...

Over the past two decades, the impact of bank competition to financial stability as well as to economic growth has been the center of interest for both academicians and practitioners. The recent financial crises throughout the globe further exhibit the urgent need to conclude the relationship between (1) bank competition and financial stability and (2) bank competition and economic growth. This dissertation, therefore, attempts to fill in the literature gap of both competition-stability and competition-growth nexuses by using a sample of 81 cou...

The purpose of this study was to use multivariate GARCH and the Kalman filter to estimate the time-varying systematic risk or beta. Much research has found that estimating systematic risk with a market model using the traditional regression approach violated classical assumptions regarding both the stationary assumption and independent identically distributed of the innovations. This study focuses on using various models of multivariate GARCH and the Kalman filter to improve this beta estimation. As the GARCH model is a popular model used...

Thailand has been more likely to be effected by catastrophe events especially, flooding because of geographical reason and climate change situation. From flooding event in 2011 in Thailand, according to the World Bank with the confirmation of Thai Government, flooding has affected 3,151,224 people from 1,154,576 families and damage estimated of at least 185 billion baht. Employment has been hurt when factories flooded and workers were laid off or fired. Not all factories are expected to reopen causing significant long term job loss in Cen...

Greater educational accessibility in Thailand has considerably contributed to a collective higher level of educational attainment of the Thai labor force. Nevertheless, with the ease of access, the number of workers with overeducation has significantly risen. Overeducation refers to a situation in which a person’s education attainment exceeds the requirements of a job, giving rise to a variety of unfavorable outcomes for individuals, employers and society.

Although research interest in why and how economies are related to each other continues to accumulate (Joyce, 2013, Todd, 2008), our understanding of the mechanisms through which economic turmoil in one region transmits to another is still unclear. The motivations for this study were to examine the volatility transmission in the African foreign exchange market and the global world through financial interdependence and factors explaining exchange rate co-movement. The thesis set out to find answers to the questions of volatility spill over...

This research seeks to formulate a theory relating FDI and corruption and empirically assess the aptness of this theory. This research seeks not only to establish that in general corruption has a negative impact on FDI inflow to Africa but also to show that there is a threshold referred to as the Corruption Tolerable Level of Investment (CTLI), below which corruption is expected to have a positive impact on FDI inflow to Africa. This research also seeks to deploy data on actual corruption to establish that corruption has a negative impact...

The purpose of the present study is to investigate the behavior of foreign flows and their impacts on the stock market, especially on stock prices and exchange rate. This research investigates the results of two Asian countries, Thailand and Korea, separating the analysis into three periods: pre-global financial crisis, global financial crisis and post-global financial crisis. The daily data are used with a structural VAR model with three endogenous variables: stock returns, currency returns and foreign normalized net purchase...

This dissertation examines the impact of government budget allocation (all inper capita unit) to inequality and poverty by single household level covered in 75provinces. The study is based on in-depth analysis the dynamic of governmentexpenditures and other factors such as inflation, gross provincial product (GPP) andunemployment to the two main welfare indicators (inequality and poverty). The studyapplied panel data analysis in provincial level. The study result shows thatgovernment budget allocations per capita from each ministry can alleviat...

This study consists of both theoretical and empirical parts. In the theoretical part, the definitions of non-cognitive skills and similar proposed concepts are revealed as individual psychological characteristics that signal the skills or abilities to provide individual or improve group “effort,” and these characteristics can be observed through one’s personality, traits, behaviours, habits, and attitudes. A review of existing effort-inclusive economic models and psychological theories of motivation confirmed that effort involves both pre...

This study investigates the behavior of Thai industries’ R&D and innovation activities using the institutional framework in analyses. The theoretical models based on microeconomic foundations, with incorporated institutional attributes, are developed for the analyses of firms’ strategic decisions on technological investment. The empirical study, using firm-level data from Thailand R&D and Innovation activities surveyed the industrial sector of 2009, examines four main hypotheses according to theoretical models; including the variables of ...

In general, the contingent valuation studies applied to the valuation of cultural heritage sites are usually carried out for the purpose of physical conservation. However, to conserve the heritage site sustainably, heritage interpretation is one of the main factors that cannot be neglected. As a result, this study was conducted to elicit the value of the restoration and improvement of heritage interpretation (information board, exhibits, booklets, pamphlets, tourist guide services, etc.) with the selection of the Historic City of Ayutthay...

People often make everyday decisions based on their intuition. A large number of experiments in Neuroeconomics and Behavioral Economics draw this conclusion without providing explanations on the reaction-generating processes. These intuitive reactions are efficient and appropriate in many situations. However, when the issue at stake concerns immediate rewards; intuitive reactions usually lead to suboptimal results. In fact, these continued reaction patterns may breed bad habits and act as endogenous constraints to one's making an optimal choice...

For the first time, this paper uses three-wave Thai household panel data for the entire country over the period 2005 to 2007 to investigate the impact of income shocks and income uncertainty on Thai agricultural ...

The dividend discounted models with rational expectation under a perfect expectation model; CAPM, ICAPM and APT are used for the study. The results show that there are no bubbles in Thailand under Engle and Granger co-integration test and