The purpose of the study concerns efficiency Analysis of Convention Hotels in Thailand by using Stochastic Frontier with Copula. To begin with the Standard Stochastic Frontier Model (SFA), it is generally formulated hypothesis in order to determine two independent random variables between U...

This study characterizes imported inflation in eight African countries through the effect of income and consumer prices index in OECD countries shocks, world price of oil shock and Federal funds effective rate shock on real exchange rate between 1970 and 2007, using a SVAR Model. We develop...

Nowadays the awareness of environmental and health issues related to food consumption has increased in Chiang Mai, Thailand. This results in the augmentation of quality and chemical-free food products. Fresh organic vegetables thus are the one popular choice for Chiang Mai consumers. The...

This study constructs an economic experiment using behavioral game theory to investigate factors influencing decisions to imitate industrial products. Players are divided into 2 firms. A firm launches a new product then another firm decides whether to imitate the product as well as to set a new...

Faculty of Economics, Chiang Mai University has developed its own computable general equilibrium model (CGE). This paper will reveal the settings of the so called “KS-CGE Model V2012 TypeIII”. It will also introduce the scope and limit of applications that the model can provide.

The purpose of this study is to interpret factors that affect the change of international tourism receipt using the stochastic frontier model with panel data and to study the technical efficiency of tourism sector in Malaysia, Thailand, and Singapore. The secondary data from 2001 to 2010 are...

The dependence structure analysis of a financial time series of returns is significant when applied to contemporary financial risk management. Copula function is a flexible and effective tool to be used on modeling the financial model and risk management. This paper aims to set up the dependence...

This paper has used Sufficiency Economy Matrix multiplier and optimization analyses to estimate the impacts of the East West Economic Corridor on economic growth, poverty reduction and the implementation of the sufficiency economy philosophy in Mukdahan province, Thailand. We employed both the...

The article investigates the long memory effect on risk measures such as Value at Risk (VaR) and Conditional Value at Risk (CVaR). In addition to a more realistic representation of data, our results affirm that much more reliable conclusions will certainly be drown if a more classes of Copula...

Competition in airline business is severe after an introduction of low cost airlines. In Thailand, three low cost airlines occupied one-third of domestic market at the end of 2005. Their growth rate, 47 percent, surpassed the industrial growth rate at the expense of full-service airlines. One...