The competitive advantage in tourism of the countries in Southeast Asia was assessed by using coverage ratio and revealed comparative advantage (RCA). Static and dynamic analyses were applied to the data of tourism services export during 2002-2010. The results show that Cambodia, Laos PDR,...

This paper examines the relationship between the effect of securitization and the equity risk for bank holding companies in the United States from Q2:2001 to Q4:2008. Securitization markets in the U.S. expanded significantly in the early 2000s but have declined since 2007. This paper...

In this paper we compare two model-based measures of the output gap. The first measure, as proposed by Gali (2011), defines output gap as the difference between actual output and the output level that would be if the economy operates under a perfectly competitive market without price or wage...

The study tests the evolving market efficiency of Thailand’s stock market using the time-varying STAR model with a p 1 lag. The model is flexible in that it can describe gradual or rapid changes in the efficiency level. The p lags are general enough to incorporate information of up to p days...

The paper examines factors affecting the households’ expenditure on food away from home in Bangkok area. In this paper, the expenditure is the proportion between the total household expenditure on food away from home and the total household income. The data are from the Household...

When a market for biodiesel B5 occurred in 2006, the government set a retail price for biodiesel B5, which was subsidized by oil taxes and the oil fund of high speed diesel. This paper evaluates the economic loss from such cross-price subsidy policy. The variation in demand and supply in the...

This essay develops a dynamic general equilibrium model of an energy crop. The model can guide policy to resolve the ‘food or fuel’ dilemma. Data from Thailand were employed in calibrating the model, with cassava as the energy crop. The stationary state solution gave the set of optimal...

This paper explores the factors that influence the users’ decision to migrate from narrowband to broadband services. Data used were obtained from web questionnaire surveys in Japan and the annual Internet User Profile Survey of the National Electronics and Computer Technology Center (NECTEC)...

This paper demonstrates the finding that time-varying expected idiosyncratic volatility has a significant and positive effect on expected stock returns for individual stocks as well as stock sectors. The positive relation remains after controlling for liquidity variables. The second finding is...

The housing market, particularly the condominium sector in Bangkok has been rapidly expanding. In this paper, the hedonic price model is used to analyze the housing attributes that determine the price of condominiums in Bangkok. The Box-Cox technique is used to find an appropriate functional...