We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the nonlinearities are quite different for industrial economies than for developing countries. We find that the threshold at which inflation first begins to seriously negatively affect...

This study attempts for the first time to compile list of agencies under state supervision in Thailand as well as their outstanding debts in order to provide policy makers more complete picture of public debt. It finds that there are eighty-six agencies with total debts of 3.846 trillion baht as...

This paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is proposed as an alternative approach to be used in order to better understand how economy and financial market work. This...

Rank-size distributions of local government debt, regardless of the way in which data is categorized, namely, regions, types, or all local governments, are found not to be normally distributed but consistent with a mathematical principle known as power law. This implies that local government...

We show that the effects of inflation on growth change substantially as the inflation rate rises. Moreover the nonlinearities are quite different for industrial economies than for developing countries. We find that the threshold at which inflation first begins to seriously negatively affect...

The plan to develop transport infrastructure in Thailand is not entirely new and the effort to put such a plan into action has been long delayed due to economic and political instability during the past two decades. The latest attempt was made in 2015 by the military-led government which...