This study examines the dynamic transmission of international rubber prices along the SHFE-FOB Bangkok-local farm-gate chain in Thailand using weekly data and an integrated econometric-machine-learning framework. Engle-Granger cointegration tests reveal a stable long-run equilibrium in which...

This report presents the findings from the first of two activities conducted under the World Bank’s Advisory Services and Analytics project, with the primary aim of gaining insights into the increasing threats posed by wildfire outbreaks to both forests and local communities in Thailand. This...

Growth is projected to slow to 1.6 percent in 2026 before edging up to about 2.3 percent in 2027 as global and domestic demand conditions stabilize while foreign direct investment (FDI) in new industries begins to materialize. Thailand’s 2025 downturn has brought long-standing structural...

Thailand's 2024 excise tax reform aimed to stimulate the tourism economy through the elimination of import tariffs and the reduction in excise rates on wine. This study evaluates the causal economic and distributional impacts of this policy intervention. The analysis employs a quasi-experimental...

Asia presently houses some of the top and dynamic economies in the world. These economies have also experienced high fintech adoption in their banking sectors. This paper examines the impact of fintech adoption and integration on the efficiency and stability of banks in 9 Asian countries, using...

This paper employs disaggregated panel data to examine the evolution of Thailand's Phillips Curve (PC) before and during the pandemic, providing empirical evidence on the nature of Thai inflation dynamics and their implications for optimal monetary policy formulation. Utilizing the real output...

Population aging in middle-income economies produces macroeconomic and distributional consequences that aggregate frameworks cannot detect. This paper develops a multi-household CGE model calibrated to a 26-sector Social Accounting Matrix for Thailand (2024) and traces the labor, saving, and...

Fünf Jahre nach dem blutigen Militärputsch und inmitten eines Bürgerkrieges haben in Myanmar Wahlen stattgefunden. Sie waren weder frei noch fair, noch wurde bei ihrer Durchführung auch nur versucht, den Schein demokratischer Mindeststandards zu wahren. Der Hauptzweck der Wahlen war von...

Fünf Jahre nach dem blutigen Militärputsch und inmitten eines Bürgerkrieges haben in Myanmar Wahlen stattgefunden. Sie waren weder frei noch fair, noch wurde bei ihrer Durchführung auch nur versucht, den Schein demokratischer Mindeststandards zu wahren. Der Hauptzweck der Wahlen war von...

As Thailand's financial sector accelerates its digital transformation, cybersecurity has transitioned from a mere technical support function to a strategic imperative that governs operational risk and financial stability. This study empirically examines the efficacy of cyber risk controls and...

This study takes stock of recent developments on digital payments in Thailand and ASEAN more broadly, explores the drivers and the potential benefits, analyzes the factors underlying the frequency of digital payment usage, and discusses the relevant policy considerations. ASEAN countries have...

This paper reviews Thailand’s progress in structural transformation and its recent slowdown. It examines the empirical drivers of structural transformation and quantifies their contributions, with the objective of informing policies to reinvigorate the process

Thailand’s economy has been resilient in an uncertain global economic environment. However, it faces salient structural challenges, cyclical headwinds and political uncertainty. GDP growth is projected to slow from 2.1 percent in 2025 to 1.6 percent in 2026, and inflation average -0.1 percent...

Thailand’s economy showed signs of mild improvement in November supported by stronger exports and retail trade. Government stimulus measures, including the co-payment scheme and travel incentives, helped lift activity in hotels and restaurants, though overall household consumption remained...

This study examines whether IAS 38-recognized identifiable intangible assets (excluding goodwill) are associated with corporate leverage in Thailand, an emerging bank-dominated financial system, and whether that relationship changed after the COVID-19 shock. Panel on listed firms supports a...

Thailand’s economic momentum strengthened at the start of 2026, with growth exceeding expectations, supported by stronger merchandise exports, private investment, and fiscal stimulus in late 2025. Tight credit conditions and household deleveraging continued to constrain the recovery, prompting...

Urban heat is an increasingly important public health risk, yet empirical evidence on its health and economic impacts remains limited, particularly for rapidly growing tropical megacities. This study aims to provide an operational basis for urban planning and investment decisions by quantifying...

The purpose of this study is to develop and validate a framework for assessing the authenticity of Thai cuisine within the context of gastronomy tourism in Thailand. A mixed-methods approach was adopted, beginning with in-depth interviews with a diverse group of stakeholders including chefs,...

This study examines sustainable growth among Thai listed firms using an AI-enhanced Structural Equation Modeling (AI-SEM) framework that integrates financial and ESG perspectives within contingency theory and stakeholder value maximization. The framework extends conventional SEM by incorporating...

The economy is estimated to have grown by 2.6 percent in 2024, surpassing expectations due to an unexpected surge in activity but the recovery continued to lag behind peers. The latest gross domestic product (GDP) release showed that growth picked up at 3.0 percent year-on-year in 2024 Q3. In Q3...

November economic activity data suggests gradual growth, driven by strong external demand, particularly for goods exports and tourism, as well as a slight recovery in private consumption supported by fiscal stimulus. While tourism remained a key growth driver, with a notable increase in...

Thailand's economy grew by 3.2 percent year-on-year in Q4 2024, driven by a rebound in public investment and strong electronics exports, while private consumption saw a modest boost from fiscal stimulus. High-frequency indicators in January suggest continued expansion, supported by strong goods...

A robust food traceability system is crucial for ensuring seamless information fow within supply chains. While the current centralised approach, typically led by a supply chain leader, facilitates information exchange, it faces signifcant limitations, such as prolonged tracing processes and a...

Thailand's cyclical recovery is underway, though it has yet to become broad-based. Growth is projected to accelerate moderately, reaching 2.7 percent in 2024 and 2.9 percent in 2025, supported by the rebound of tourism-related activities and fiscal stimulus. The slow recovery, weaker than in...

We estimate natural-disaster impacts on children's school enrollments and math skills and test for impact heterogeneities with respect to age and gender in seven countries in Asia and the Pacific, which is the world's most disaster-prone region. We link survey data on children aged 5 to 17 to...

This paper examines the responses of foreign exchange rates to the Federal Reserve's large-scale asset purchases (LSAPs) and forward guidance (FWG) from 2009 to 2022 using local projections. I confirm heterogeneous responses of examined foreign exchange rates to unconventional shocks, varying by...

Background: The increasing global focus on sustainability has made Green Supply Chain Management (GSCM) a critical strategy for businesses to balance environmental responsibility with operational efficiency. Despite its benefits, GSCM adoption in developing countries faces significant...