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Asia and Pacific > Thailand

You are looking at 1 - 7 of 7 items for :

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Cover IMF Working Papers
Experimental Indicators of Digital Industries in Select Countries: Definitions, Methods, and Results
Brent Moulton
,
James Tebrake
, and
Martha Tovar
The pervasive impact of digitalization on the economy and the lack of an agreed definition makes it challenging to obtain estimates of the digital economy. Nowadays, some countries have estimated the value of the digital economy by identifying digital products or industries as defined in the international classifications. This study presents the estimates of digital industries for five countries that participated in an experimental exercise, applying a simplified standard approach recommended by the international agencies as part of the national accounts framework and using publicly available and limited secondary information. The results show that the structure and evolution of digital industries vary across countries and over time and that the estimates depend significantly on the underlying data sources. The conclusions of this exercise reveal the need to upgrade the data sources to better identify the impact of digitalization and contribute to policy-making on the economic benefits of digitalization.
Keywords:
Enabling industries; digitally ordered; digitally delivered; digital intermediary platforms; e-commerce; supply and use tables; product classification system; ISIC Sector; value of the digital economy; nominal GVA; gross value; Digital economy; Digitalization
Cover IMF Working Papers
Capital Flow Data – A Guide for Empirical Analysis and Real-time Tracking
Mr. Robin Koepke
and
Simon Paetzold
This paper provides an analytical overview of the most widely used capital flow datasets. The paper is written as a guide for academics who embark on empirical research projects and for policymakers who need timely information on capital flow developments to inform their decisions. We address common misconceptions about capital flow data and discuss differences between high-frequency proxies for portfolio flows. In a nowcasting “horse race” we show that high-frequency proxies have significant predictive content for portfolio flows from the balance of payments (BoP). We also construct a new dataset for academic use, consisting of monthly portfolio flows broadly consistent with BoP data.
Keywords:
WP; flow data; portfolio flow; debt flow; flow proxy; IMF balance of payments statistic; portfolio flows; fund flows; balance of payments; coincident indicators; IIF data; IMF balance of payments data; Capital flows; Stocks; Balance of payments statistics; Flow of funds; Emerging and frontier financial markets; Africa; Global
Cover IMF Working Papers
Post-Crisis Recovery: When Does Increased Fiscal Discipline Work?
Ms. Pritha Mitra
Emerging market financial crises during the late 1990s were marked by sudden withdrawals of funds by foreign creditors, resulting in production declines. The IMF favored positive signals to potential foreign creditors and initially recommended disciplined fiscal policy during the height of crisis, countering standard Keynesian recommendations of expansionary fiscal stimulus. This paper formulates an open-economy general equilibrium model for resolving this policy conundrum and analyzing the impact of disciplined fiscal policy on post-crisis recovery. The model demonstrates via simulations that disciplined fiscal policy will improve (worsen) post-crisis recovery in the presence (absence) of appropriately defined production flexibility.
Keywords:
WP; long-term debt; Financial crisis; Emerging markets; Fiscal policy; goods firm; tradable good; collateral constraint; firm hire; physical assets; Collateral; East Asia
Cover IMF Working Papers
The Treatment of Nonperforming Loans in Macroeconomic Statistics
Mr. Cornelis N Gorter
and
Mr. Adriaan M. Bloem
This paper seeks to promote discussion on the treatment of nonperforming loans in macroeconomic statistics. After reviewing current recommendations in international statistical manuals and the guidelines provided by some main banking and accounting institutions, the paper recommends that the information on nonperforming loans provided by macroeconomic statistics should be expanded. The paper concludes with a list of issues that deserve further study.
Keywords:
WP; loan; amount; value; debt; loan portfolio; General statistics; loan accounting; loan provisioning; valuation rule; item loan provision; financial asset; Loans; Nonperforming loans; Distressed assets; Securities
Cover IMF Survey
IMF Survey, Volume 30, Issue 11
International Monetary Fund. External Relations Dept.
The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx
Keywords:
SV; SDR; IMF's Policy Development; IMF's website; spending; IMF publications catalog; IMF survey; IMF staff country; IMF publication service; poverty reduction strategy paper; Defense spending; Currencies; Asia and Pacific; Western Hemisphere; Global; Middle East; Africa
Cover IMF Working Papers
Growth and Productivity in Asean Countries
Mr. Michael Sarel
This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been generated primarily by more inputs or by productivity gains. It uses internationally comparable data and explores an alternative method for estimating the capital and labor factor shares. The results, contradicting some previous studies, indicate a very impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate for the Philippines. This study argues that the results of previous studies were driven mainly by the fact that they relied on national accounts data for measures of various variables and, in particular, the factor income shares of capital and labor.
Keywords:
WP; growth rate; share; growth; TFP; productivity; ASEAN; factor share; capital share; TFP level; TFP estimate; income share; Total factor productivity; Production growth; Growth accounting; Public expenditure review; East Asia; Southeast Asia
Cover Financial Programming and Policy
Financial Programming and Policy
The Case of Sri Lanka
John R. Karlik
,
Mr. Michael W. Bell
,
M. Martin
,
S. Rajcoomar
, and
Charles Adair Sisson

Abstract

This book, by a staff team in the IMF Institute, contains a series of workshops that introduce the process of formulating a hypothetical macroeconomic and structural adjustment program, which is a central element in the financial programming courses offered by the IMF Institute. In addition to elaborating key concepts for the four major sectoral accounts, the workshops are designed to allow the development of a step by step reference scenario for Sri Lanka.

Keywords:
BOOK; government; net; policy; domestic borrowing; gross investment; unit value; net lending; balance of payments projection; factor income; Commercial banks; Exports; Imports; Private investment; Middle East; Global