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Full-Text Articles in International Economics
Fdi Spillover Channels On Chinese Provincial Economic Growth, Yiqing Wang
Fdi Spillover Channels On Chinese Provincial Economic Growth, Yiqing Wang
Chulalongkorn University Theses and Dissertations (Chula ETD)
China has been opened to the world over several years and make great success in economic growth. Most of the previous literatures have analyzed the determinants of economic growth and the effect of FDI on economic growth in China. However, seldom of them analyze the relationship of FDI and its spillover effect on economic growth through R&D and human capital channels using provincial data. The study employs provincial panel data during period 2006-2018 to estimate the relationship of FDI, FDI spillover from R&D and human capital, R&D, and human capital on economic growth under the consideration of Special economic Zone …
The Service Quality Affecting Customer Loyalty Toward Food Delivery Service In Thailand, Panuwan Chartchawalitsakul
The Service Quality Affecting Customer Loyalty Toward Food Delivery Service In Thailand, Panuwan Chartchawalitsakul
Chulalongkorn University Theses and Dissertations (Chula ETD)
Over the past five years, the market value of food delivery services business has grown by an average of 10 percent annually. The key player for this market growth is service providers through application. Moreover, the entry of new players has made the market more competitive. Therefore, service providers keep their customers by increasing loyalty with a higher service quality to make customers satisfied and continue to use the service. In consequence, the objective of this study is to examine the impact of service quality on customer loyalty toward food delivery service in Thailand. The study method is quantitative, using …
A Study Of The Benefits And Barriers Of Thai Smes With Bot Policy Supporting Smes, Laksika Junyakhajorn
A Study Of The Benefits And Barriers Of Thai Smes With Bot Policy Supporting Smes, Laksika Junyakhajorn
Chulalongkorn University Theses and Dissertations (Chula ETD)
This qualitative and descriptive study aims to determine from the perspective of SMEs owner towards the policies in order to see the benefits and obstacles of Thai SMEs with BOT policies on supporting SMEs. The in-depth interviews were conducted with 10 SMEs owners in Thailand and some interview questions generating to deeper discussion. The thematic analysis was used to analyze the interviews. The study showed that some company characteristics data i.e., company age, company size, and business sectors had a significant effect on perspectives towards the policies supporting SMEs. However, the demographic characteristics of owner did not relatively affect the …
Does The Policy Rate Have A Significant Effect On The Npl Level Of Smes During The Past 17 Years (2002-2019) In Thailand?, Anekphong Tupan
Does The Policy Rate Have A Significant Effect On The Npl Level Of Smes During The Past 17 Years (2002-2019) In Thailand?, Anekphong Tupan
Chulalongkorn University Theses and Dissertations (Chula ETD)
During the post “Tom Yum Kung Crisis”, the bank of Thailand used monetary policy interest rate as a financial instrument. To keep economic growth and stability by raising, maintaining, or lowering the policy interest rate, under a flexible inflation targeting framework to achieve inflation. The determination of monetary policy interest rate is influencing the cost of SMEs operating through the credit channel. Consequently, the purpose of this research is to explore the relationship between the determination of monetary policy interest rate and Non-performing Loans (NPLs) in the SME sector. The OLS regression is used to analyze the cause and effect …
Marketing And Strategy Analysis: A Case Study Of Pana Coffee Company, Sulida Intarawichien
Marketing And Strategy Analysis: A Case Study Of Pana Coffee Company, Sulida Intarawichien
Chulalongkorn University Theses and Dissertations (Chula ETD)
Coffee business is extremely growth in last few years. Pana coffee company is a brand-new coffee business company. The company has been established for 4 years. There are lots of organization management that company needed to solid and make the strength on to go further in several years. One of the important managements in organization is marketing management which effect on brand and positioning of brand in market. So, the marketing strategies of company needed the improvement to compete and survive in the global growth business. This study aims to analyze organization resources by using SWOT analysis and 5P’s Marketing …
Determinants Of Cross-Border Mergers And Acquisitions Of Firms In Thailand, Pongpak Weerakiet
Determinants Of Cross-Border Mergers And Acquisitions Of Firms In Thailand, Pongpak Weerakiet
Chulalongkorn University Theses and Dissertations (Chula ETD)
In this paper, we evaluate the effects of firm-level and country-level variables on the firms' probability of having cross-border M&A deals and the size of the deals. Our sample consists of 87 firms from SET100 Index (firms from financial industry are excluded), and the data between 2009 to 2018 is used in this paper. The results indicate that the increase in ownership advantages of the firms, namely, size and profitability raise the chance of the firms having cross-border M&A deals and the size of the deals. For country-level variables, the results agree with the gravity model that an increase in …
Impact Of Bank Competition On Bank Stability In China, Hanyang Liu
Impact Of Bank Competition On Bank Stability In China, Hanyang Liu
Chulalongkorn University Theses and Dissertations (Chula ETD)
This study investigates the impact of bank competition on bank stability of China over the 2006–2019 period. We use unbalanced panel data from 38 Chinese commercial banks. We employ the natural logarithm of the Z-score to measure bank stability, and the NPL ratio to measure bank credit risk. Meanwhile, the competition was measured through Panzar-Rosse H-statistic. The study uses both the linear and non-linear regression models and investigates effect of the interest rate liberalization in China. The results show that the degree of bank competition in China is on a rise trend. More competition has caused a decrease in stability …
The Effect Of Bank Competition On Bank Stability In Thailand, Kamolwan Yamploy
The Effect Of Bank Competition On Bank Stability In Thailand, Kamolwan Yamploy
Chulalongkorn University Theses and Dissertations (Chula ETD)
This research studies the impact of competition on bank stabilities, which are capital adequacy, non-performing loans ratio, interest income risk, and non-interest income risk. Lerner index is used to proxy degree of non-structural bank competition. We use data on 11 Thai commercial banks from the year 2010 to 2018 and employ Panel Least Square regression. Our results show that banks with higher market power tend to have lower risk lending behaviors. As a result, this allows them to have lower level of capital and higher level of risk in non-interest income activities. On the other hand, higher concentration ratio 5, …
The Impact Of Internet Finance On The Profitability Of Commercial Banks In China, Yuting Song
The Impact Of Internet Finance On The Profitability Of Commercial Banks In China, Yuting Song
Chulalongkorn University Theses and Dissertations (Chula ETD)
Several studies analyzed the impact of internet finance on the profitability of Chinese commercial banks. This paper adds to the literature by focusing on two types of internet finance, internal internet finance (online banking) and external internet finance (third-party-payment (TPP) and peer-to-peer lending (P2P) platforms), and their relationship with bank performance. Two datasets that cover the years 2011 to 2018 are used for the regression analyses, a balanced panel dataset of 10 banks to analyze the impact of internal and external internet finance on bank performance and an unbalanced panel dataset of a larger sample of 43 banks to further …
Factors Influencing The Foreign Direct Investmet Inflow In Tourism Industry In Thailand, Pitchapa Tubtimtong
Factors Influencing The Foreign Direct Investmet Inflow In Tourism Industry In Thailand, Pitchapa Tubtimtong
Chulalongkorn University Theses and Dissertations (Chula ETD)
Tourism industry has been considered as an important part of the Thai economy since tourism helps support many tourism businesses, increase employment, and compensate for other industries presenting weak growth, which will generate high income for Thailand continuously. This paper employs multiple regression by using Ordinary Least Squares (OLS) method to investigate factors influencing Foreign Direct Investment (FDI) inflows in tourism industry in Thailand over the period 2000 - 2019, especially the effect of tourism- induced factors on FDI inflows including growth of tourism industry, tourism average spending, and tourism demand volume. Quarterly data using in this paper is based …
Testing The Determinants Of Stock Exchange Index Comovement In Thailand Stock Exchange, Nuntapat Asavaroengchai
Testing The Determinants Of Stock Exchange Index Comovement In Thailand Stock Exchange, Nuntapat Asavaroengchai
Chulalongkorn University Theses and Dissertations (Chula ETD)
A study into the effects of different macroeconomic variables on the comovement between the Stock Exchange of Thailand (SET) Index and the Standard & Poor's 500 (S&P 500). These effects are tested using OLS regression in an annual and quarterly frequency. Real Interest Rate Difference between the two countries is found to have a significant negative effect, likely due to investors turning to Thailand when it has higher real interest rate. Income Level is found to be a significant positive effect, as countries with higher income are more integrated with the US. As the economy naturally grows, it is likely …
An Investigation Of Etf Flows : Asset Allocation Perspectives, Boonyaporn Wongsawatgul
An Investigation Of Etf Flows : Asset Allocation Perspectives, Boonyaporn Wongsawatgul
Chulalongkorn University Theses and Dissertations (Chula ETD)
This study investigates impacts of asset allocations on ETF flows across asset classes in a panel form, utilizing fixed-effects panel regression. The period of study covers October 2008 to July 2019. The investment universe contains 9 U.S.-listed ETFs, classifying into 5 asset classes. Monthly asset allocations are obtained from 5 optimization strategies based on mean-variance and risk-based optimizations. The findings indicate that asset allocations of risk-based optimization strategies significantly explain fund flows across asset classes. It implies that ETF market participants attempt to stabilize portfolio volatilities rather than maximize portfolio expected returns or risk-adjusted returns. This study further analyses relations …
Institutional Factors And Cross-Border Merger And Acquisition : Evidence From Selected Asian Countries, Haneeta Phuriputranonth
Institutional Factors And Cross-Border Merger And Acquisition : Evidence From Selected Asian Countries, Haneeta Phuriputranonth
Chulalongkorn University Theses and Dissertations (Chula ETD)
The objective of this study is to examine the impact of institutional factors on cross-border merger and acquisition (M&A) inflows by using a panel data of 18 selected Asian countries from 2002 to 2016. This study contributes to the existing literatures by using various measures of institutional factors as the determinants of cross-border M&A into selected Asian countries and examining at the disaggregated level according to country’s income level. There are two main results from this study. First, two institutional factors, namely control of corruption and voice and accountability, have significant effect on cross-border M&A into selected Asian countries. Higher …
Expectations And Reality In Meeting Financial Needs Of Thai Elderly : A Gender Perspective, Phantira Soontornsittipong
Expectations And Reality In Meeting Financial Needs Of Thai Elderly : A Gender Perspective, Phantira Soontornsittipong
Chulalongkorn University Theses and Dissertations (Chula ETD)
Using the 2007 Survey of Knowledge and Attitudes on Elderly Issues surveying respondents aged 50 to 59 and the 2017 Survey of Older Persons in Thailand surveying respondents aged 60 to 69, this study identified a cohort to examine the gap between reality and expectations of Thai elderly males and females with regards to financial sources in meeting financial needs at old age with emphasis placed on the effect of regions and education. Three models of OLS dummy regression were ran to find the magnitude, sign, and significance of the reality-expectations gap. The results of the study found that the …
Which Types Of Investor Investment Flow Affect Thailand Stock Market Index, Net Teeramungcalanon
Which Types Of Investor Investment Flow Affect Thailand Stock Market Index, Net Teeramungcalanon
Chulalongkorn University Theses and Dissertations (Chula ETD)
This study examines the effect of types of investor investment flow on Thailand Stock Market Index returns. Daily data on investment types, namely, foreign investors, institutional investors, proprietary investors, and retail investors from the Stock Exchange of Thailand for the period 2015 to 2020 is used. The results from the OLS model show that proprietary investors dominate the SET index. We also conduct a Granger causality test to understand the relationship between the SET index and investor investment flow. This study also examines the relation between SET volatility and investor behavior. The result shows that when the SET index has …
Location Determinants Of Foreign Direct Investment In Real Estate : Evidence From China, Yi Tang
Location Determinants Of Foreign Direct Investment In Real Estate : Evidence From China, Yi Tang
Chulalongkorn University Theses and Dissertations (Chula ETD)
The objective of this paper is to examine factors affecting locational choice of foreign direct investment (FDI) in China’s real estate. The panel data selected 32 provinces of China during 2003 to 2017 are used in the analysis. The results show that GDP per capita, population, and loan rate are important factors affecting FDI in China’s real estate market. This reflects that China's economic growth made a significant contribution to the growing trend of FDI in the real estate market. However, the investment of foreign real estate developers in cities in the eastern, central and western parts of China is …
Impact Of Growth In International Tourism Industry Contributed To Co2 Emission In Cambodia, Philippines And Thailand, Juthamard Laohawattanajinda
Impact Of Growth In International Tourism Industry Contributed To Co2 Emission In Cambodia, Philippines And Thailand, Juthamard Laohawattanajinda
Chulalongkorn University Theses and Dissertations (Chula ETD)
Tourism is generally considered a clean industry, one of the reasons is tourism increasing investment in traveling facilities, instead of investment in factories. Furthermore, increasing tourism development relies on the protection of the natural environment and ecology. However, tourism development, like all industrial development, also comes with the higher demand in energy consumption and lack of management in the tourism industry resulting in environmental degradation The paper investigated the effect of environmental degradation in both aspects of destination factors and tourist factors based on the EKC hypothesis by incorporating trade openness and CO2 emission in Cambodia, Philippines, and Thailand which …
The Effect Of Outward Fdi Of China On The Export Of China To Asean Countries, Ziang Li
The Effect Of Outward Fdi Of China On The Export Of China To Asean Countries, Ziang Li
Chulalongkorn University Theses and Dissertations (Chula ETD)
With the guidance of the Chinese "One Belt One Road" policy and the development of China-ASEAN Free Trade Area, trade and investment between China and ASEAN have become more frequent. Based on the panel data from 2005 to 2018, this paper starts from two steps to empirically analyze the determinants of Chinese outward Foreign Direct Investment to ASEAN and its impacts on the export of China to ASEAN. As a result, China's motives for FDI to ASEAN are more inclined to seek market size, and China tends to invest in ASEAN countries with political stability and a high degree of …
Predicting Market Crashes Using Systemic Risk And Volatility Spillovers : A Deep Learning Approach, Kornprarun Mahutchariyakul
Predicting Market Crashes Using Systemic Risk And Volatility Spillovers : A Deep Learning Approach, Kornprarun Mahutchariyakul
Chulalongkorn University Theses and Dissertations (Chula ETD)
We develop a model for predicting market crashes in the Stock Exchange of Thailand using a deep learning-based anomaly detection approach (LSTM-VAE). The model aims to detect market behavior before each market crash. Apart from the common stock market variables, we feed the model with the indices of systemic risk, and of volatility spillovers. With these two indices, the model takes into account the influences from both inside and outside the particular stock market. We find that in large crashes our model gives the crash warning signals shortly after the SET index reaches its peaks and long before the index …
The Determinant Of International Sovereign Bond Financing In Developing Countries, Thanatcha Varaputtanon
The Determinant Of International Sovereign Bond Financing In Developing Countries, Thanatcha Varaputtanon
Chulalongkorn University Theses and Dissertations (Chula ETD)
Governments need to secure finance for their country’s public projects. There are various ways for governments to acquire funds, for example, through taxation, borrowing money from international banks, issuing government bonds, and so on. For developing countries, a government may consider issuing international sovereign bonds to meet the country’s financial needs. This thesis looks at the determinants of international sovereign bond financing by 36 emerging economies using data collected from the Bloomberg terminal on international sovereign bonds issued between 1996 and 2016. The thesis adopts the discrete choice logit-fixed effect model to empirically verify factors suggested by S&P (2014) that …
Role Of Global Production Networks On Development Of Automotive Industry In Selected Asean Countries, Wachara Jongkraijak
Role Of Global Production Networks On Development Of Automotive Industry In Selected Asean Countries, Wachara Jongkraijak
Chulalongkorn University Theses and Dissertations (Chula ETD)
This paper investigates the impact of Global Production Networks (GPNs) on the industrial development in 3 aspects; domestic value added, labor productivity, and export performance, employing Trade in Value Added database at the country-sector level from Organization for Economic Cooperation and Development (OECD). The estimation is based on pooled time series, cross section and period fixed effect covering Automotive industry in 4 selected ASEAN countries; Thailand, Indonesia, Malaysia, and Philippines from 1995 to 2016. The results suggest that Thailand can exploit the benefit from GPNs through task specialization and economies of scales, at the same time expanding the domestic capacity. …
Impact Of Trade And Fdi Openness On Wages In The Manufacturing Sector In China, Qianyi Chen
Impact Of Trade And Fdi Openness On Wages In The Manufacturing Sector In China, Qianyi Chen
Chulalongkorn University Theses and Dissertations (Chula ETD)
The purpose of this study is to examine the impact of trade openness and foreign direct investment (FDI) on wages in China using a panel data set of 27 manufacturing sectors over the period of 2001 to 2016. The effects are separated into three groups: total industries, capital-intensive industries and labor-intensive industries. First, by comparing the determinants of three groups of industries, it shows that the impact of trade openness on wages only significant and positive in labor-intensive industries while the impact of FDI on wages is significantly positive in both capital-intensive industries and labor-intensive industries. Second, in the case …
An Empirical Study Of Human Capital On Economic Growth: An Investigation Using Three Indices Of Human Capital, Shan Shan Fu
An Empirical Study Of Human Capital On Economic Growth: An Investigation Using Three Indices Of Human Capital, Shan Shan Fu
Chulalongkorn University Theses and Dissertations (Chula ETD)
This research reexamines the augmented Solow's growth model to find the relationship between human capital and economic growth by using three different proxies for human capital. The first proxy of human capital is the proportion of labor force with secondary education that has been widely used in many studies. PISA score is the second proxy to human capital. It is regarded as being quality of education because this standardized test score could directly reflect the cognitive ability of individuals. The third proxy is the human capital index constructed by Penn's World Table 9.0 that included both quantitative and qualitative aspects …
Role Of E-Commerce On Trading Sector In China, Jinyi Li
Role Of E-Commerce On Trading Sector In China, Jinyi Li
Chulalongkorn University Theses and Dissertations (Chula ETD)
E-commerce is rapidly developing along with the development of information technology in China. This paper is aimed at analyzing the contribution of E-commerce on the trading sector in China and estimating the macroeconomic and sectoral impact of E-commerce respectively by using fixed effect panel data based on the data from seven selected regions in China over the period of 2008-2016. The study found that E-commerce plays a significant and positive role in the economic growth at either macroeconomic level or sectoral level. Every 1 percent increase in E-commerce's sale leads to an increase of 0.54 percent in the output in …
The Relationship Between Fdi And Employment In China's Manufacturing Industry, Ruoheng Wang
The Relationship Between Fdi And Employment In China's Manufacturing Industry, Ruoheng Wang
Chulalongkorn University Theses and Dissertations (Chula ETD)
China has achieved rapid economic growth after reforming and opening up, becoming the second largest economy after the United States. At the same time, China began to attract foreign direct investment, and the scale of foreign direct investment has been becoming larger and larger. It's obvious that FDI has played a crucial role in promoting China's economic growth. But China is a country with a big population, the employment problem is the most direct and realistic problem. Although overall employment is increasing in China, the speed of employment growth in the manufacturing industry is very low. After all, the manufacturing …
Assessing Impacts Of Fta In Thailand With Special Emphasis On Trade Creation And Trade Diversion, Sawasdee Charoenchang
Assessing Impacts Of Fta In Thailand With Special Emphasis On Trade Creation And Trade Diversion, Sawasdee Charoenchang
Chulalongkorn University Theses and Dissertations (Chula ETD)
This paper uses ex-post gravity analysis to examine whether Thailand's 12 effective free trade agreements cause trade creation or trade diversion effect. The sample of the study covers 43 countries over the period of 1991-2016. The model is specified with the aim to obtain unbiased estimates of three FTA dummy variables, representing trades within and outside the trade blocs. This study is able to analyze only 7 out of 12 total FTAs due to multicollinearity problem. The results of this study show that AFTA has trade creation effects on international trade of Thailand with little diversion effects on exports. We …
The Volatility Comovement Among Stock Markets In East Asian Countries, Weijie Yu
The Volatility Comovement Among Stock Markets In East Asian Countries, Weijie Yu
Chulalongkorn University Theses and Dissertations (Chula ETD)
Using daily indices for several East Asian and Asian emerging stock markets from 5 January 1995 to 31 December 2018, this study investigates the volatility comovement of the stock market returns in using the DCC-MGARCH model. The empirical results depict that the volatility comovement among East Asian stock markets have increased in recent years. Moreover, this correlation is stronger in the developed markets of Singapore, Hong Kong, Japan and Korea. Volatility comovement across emerging countries, namely, China, India, Thailand, Indonesia, Malaysia and Philippines, has also increased. This study also examines the volatility spillover effects in East Asia at different stages …
Determinants Of Inward Foreign Direct Investment From China, South Korea And Japan And Its Contribution To Economic Growth In Cambodia, Puthi Phan Kan
Determinants Of Inward Foreign Direct Investment From China, South Korea And Japan And Its Contribution To Economic Growth In Cambodia, Puthi Phan Kan
Chulalongkorn University Theses and Dissertations (Chula ETD)
Foreign direct investment (FDI) has increased globally since the late 1980s. It increased rapidly in Cambodia in the past two decades. This paper aims to examine the determinants of inward FDI from China, South Korea and Japan and its contribution to economic growth in Cambodia during 1994-2014, using both time series analysis by country and the panel data analysis. The results on the determinants of FDI show that real GDP, bilateral trade between the countries, exchange rate, inflation rate, and relative labor productivity are statistically significant and have positive impact on inward FDI flows into Cambodia, and inward FDI from …