The COVID-19 pandemic has caused a heavy blow to Thailand's economy, particularly the tourism industry. Although Thailand has lifted almost all entry controls, there is still a long road to tourism recovery. As the largest source market before the pandemic, China has reduced its quarantine length and the times of COVID tests prior to boarding and granted permission to operate Thai flights between the countries. Therefore, Thailand is upbeat about Chinese tourist arrivals. Thailand needed to learn more about the Chinese so that the challenges and ...

This study examines the impact of digital technology on economic volatility, also known as the business cycle, by using a famous methodology called the DSGE model. Two major models are constructed, namely the baseline one-sector model and the two-sector model. The baseline one-sector model is constructed to express the reactions of variables to technology, fiscal policy, and monetary policy shocks in both closed and open economies. The two-sector model is formulated by separating the production part of the economy into two sectors, namely the ...

This study employed the Markov-switching model by divided into 2 sections. Section 1, applying Markov-switching model for estimating the expected return, variance, and covariance of the investment portfolio including large capitalization stock, small capitalization stock and government bond. This model allows for changes in market regimes, i.e. bull and bear markets. Section 2, applying Markov-switching model for forecasting stock returns. The empirical results in section 1 showed that the large capitalization stock and small capitalization stock ...

The objectives of this research are to explore the bank operating efficiency and to identify the factors that determine the operating efficiency of commercial banking sectors in Lao PDR. First, the Data Envelopment Analysis (DEA) approach is employed to compare efficiency between private and foreign banks. The results show that foreign banks have higher operating efficiency comparing to private banks under intermediation and operating activities. On the other hand, private banks are more efficient under value-added function than foreign banks. ...

Small and Medium Enterprise (SMEs) is a fundamental part of economic growth worldwide, ensuring sustainable growth, job creation, reducing income inequality, poverty reduction and highly conductive to economic growth in the Lao PDR. However, consistently with other SMEs worldwide, SMEs in Laos are also confronting with many obstacles especially financial access. So, this study aims to investigate the impact of financial literacy, reduction in asymmetric information and credit access for SMEs in Lao PDR. The questionnaire used to survey the financial ...

Policies to encourage economic development are different in different regions. Studies at home and abroad show that the financial development level and local GDP output value are relatively high in places with a high proportion of tertiary industry such as financial agglomeration and high-tech development level, and vice versa.

Finance is the general hub of modern market economy operation and plays a non-substitutable important position in economic progress. The fact of financial integration in promoting the economy has been confirmed in some places, but for the Chengdu-Chongqing Economic Circle, there is still little research for this "new topic", this field of research is still waiting for people to explore. This paper firstly combs the relevant theories of financial integration. On this basis, the sixteen cities that constitute the Chengdu-Chongqing Economic Circle ...

Since China entered an aging society at the end of the twentieth century, the proportion of the elderly population has been increasing and the aging rate has been accelerating, and it has become one of the countries with the fastest population aging development in the world. The deepening of population aging means the gradual disappearance of the demographic dividend, which will have an important impact on my country's economic development. Since 2008, world economic growth has slowed down. With the tightening of the international market, my ...

The attitude of local residents towards organizing local tourism festivals is crucial to the development of a place. This paper uses quantitative analysis methods to study the perception and attitude of residents in Miyi County towards the impact of the Lantern Festival in Miyi. Then, this study analyzes the specific content of residents' perceptions, residents' attitudes, and the relationship between perception and attitude. In the research process, a questionnaire survey was used to collect effective data, factor analysis was used to analyze ...