Browsing GSDE: Theses by Author "Yuthana Sethapramote"
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Financial development and economic growth in Asia Visamanh Sanaphanh; Yuthana Sethapramote (National Institute of Development Administration, 2020)
This study has the propose to investigate the relationship between financial development and economic growth of overall countries in Asia, using the financial development indicators such as banking development indicators, stock market development indicators and economic growth taken as a panel data of all 48 countries in Asia that cover the period of 1975-2015. The study also proceeds the country-specific effects by applying panel data fixed effects methods, performing the causality test using panel var causality and apply the Generalized Method ...
Regime-switching housing price cycle in China Lu, Xiaoman; Yuthana Sethapramote (National Institute of Development Administration, 2018)
This paper aims to examine the house price cycle at the province level of China using the three-regime Markov-switching model. Our findings indicate that, in Xinjiang, Chongqing and Jiangsu, there was no secular slowdown in growth since the rapid-growth regime re-emerged at some stage. While during economic downturn and rapid economic growth, house prices fall and grow fastest, respectively, in the central region. However, during normal growth regime, house prices increase fastest in the eastern provinces. These findings indicate regional ...
Thermodynamics formulation of economics Burin Gumjudpai; Yuthana Sethapramote (National Institute of Development Administration, 2019)
We consider a group of information-symmetric consumers with one type of commodity in an eﬃcient market. The commodity is ﬁxed asset and is non-disposable. We are interested in seeing if there is some connection of thermodynamics formulation to microeconomics. We follow Carathéodory approach which requires empirical existence of equation of state (EoS) and coordinates before performing maximization of variables. In investigating EoS of various system for constructing the economics EoS, unexpectedly new insights of thermodynamics are discovered. ...