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Asia and Pacific > Thailand

You are looking at 1 - 8 of 8 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
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 IMF Working Papers
Does the Gap Model Work in Asia?
Mr. C. John McDermott
and
Mr. David T. Coe
There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation procedure for trend output that does not require an arbitrary specification of the degree to which the data are smoothed. We test simple versions of the gap model in which the change in inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model works very well in almost all of the Asian economies we study.
Keywords:
WP; gap model; inflation expectation; gap variable; inflation development; calculated output gaps; change in inflation; Output gap; Inflation; Potential output; Monetary base; National income; Asia and Pacific; research strategy; trend output; broad money money supply; estimated output gap
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
Cover IMF Working Papers
Saving Trends in Southeast Asia: A Cross-Country Analysis
Mr. Hamid Faruqee
and
Mr. Aasim M. Husain
This paper investigates the long-run pattern of private saving in Indonesia, Malaysia, Singapore, and Thailand. These countries have not only maintained saving levels that are currently among the highest in the world but have also experienced a sustained increase in their rate of private saving over the past twenty years. Using a cointegration approach, this paper empirically examines the economic determinants underlying the saving trends in this group and the extent to which these countries share a common experience with respect to the factors accounting for their strong saving performance. The findings suggest that demographic shifts have been an important factor underlying regional saving trends with a similar long-run impact in each country, except for Indonesia where the effects of demographics have been even more pronounced.
Keywords:
WP; saving rate; time series; critical value; country estimate; saving scheme; coefficient estimate; panel estimation; estimation result; Engle-granger estimate; Private savings; Disposable income; Income; Aging; Southeast Asia
Cover IMF Staff Papers
IMF Staff Papers: Volume 1, No. 2
International Monetary Fund. Research Dept.
This paper focuses on various aspects of inflation in Latin America. Among short-run factors, World War II considerably affected the balance of payments of Latin American countries and thus indirectly their inflationary situation. Inflation in a greater or less degree has long been characteristic of many Latin American countries. A high propensity to consume implies either a high multiplier or a high propensity to import. In normal times, the latter was more usual, since the supply of consumers' goods in these countries was rather inelastic. In countries where controls over consumption and investment are strict and efficient, there is a tendency for inflation to give rise to substantial holdings of cash, bank deposits, and other relatively liquid assets in excess of those which would voluntarily be held by business and consumers. In countries such as those of Latin America, where controls have not been very effective, this tendency toward excess liquidity is noticeably smaller. Nevertheless, it is still a factor to reckon with, because involuntary hoarding may be the result of the impossibility of obtaining desired commodities or supplies, even though there is no rationing or similar system in operation. In Latin America during the war the inevitable curtailment of imports did in this way bring about a condition of latent inflation.
Keywords:
SP; import; rate; export