Book
Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting, (with Robert M. Townsend), Econometric Society Monograph, Cambridge: Cambridge University Press, 2010. [Link to Cambridge University Press] Also available in Chinese language, 2020. [Link]
Peer-Reviewed Articles
“Digital Money Creation and Algorithmic Stablecoin Run” (with Kanis Saengchote), Finance Research Letters, June 2024.
“Empirical Modeling of Agricultural Climate Risk” (with Jennifer Burney, Craig McIntosh, Bruno Lopez-Videla, and Alexandre Gori Maia), PNAS, April 2024.
“Propagation and Insurance in Village Networks: Evidence from Thailand” (with Cynthia Kinnan, Robert Townsend, and Diego Vera-Cossio), American Economic Review, January 2024.
“Does DeFi Remove the Need for Trust? Evidence from a Natural Experiment in Stablecoin Lending” (with Kanis Saengchote and Talis Putnins), Journal of Behavioral and Experimental Finance, December 2023.
“Multinational Tax Avoidance and Anti-Avoidance Enforcement: Firm-level Evidence from Developing ASEAN Countries” (with Athiphat Muthitacharoen), Singapore Economic Review, December 2022. [pdf]
“Banking Relationship and Default Priority in Consumer Credit: Evidence from Thai Microdata” (with Kanis Saengchote), Emerging Markets Review, September 2022.
“A Microscopic View to Unlocking Finance and Trade: Evidence from Thailand” (with Tosapol Apaitan and Doungdao Mahakitsiri), Southeast Asian Journal of Economics, August 2021. [pdf]
“Household Debt and Delinquency over the Life Cycle” (with Sommarat Chantarat, Atchana Lamsam, and Bhumjai Tangsawasdirat), Asian Development Review, Special Issue: New Perspective on Asian Development, March 2020. [pdf]
“Fiscal Stimulus and Household Debt: Evidence from Thailand’s First-Car Buyer Tax Rebate” (with Athiphat Muthitacharoen and Sommarat Chantarat), International Taxation and Public Finance, Special Issue: International Institute of Public Finance, December 2019. [pdf]
“Disaster, Preferences, and Household Behaviors: Evidence from the 2011 Mega Flood in Cambodia,” (with Sommarat Chantarat, Sothea Oum, and Vathana Sann), Journal of Asian Economics, Special Issue: Application of Behavioral Economics to Asia, August 2019. [pdf]
“Dissecting Thailand’s International Trade: Evidence from 88 Million Export and Import Entries” (with Tosapol Apaitan and Piti Disyatat), Asian Development Review, March 2019. [pdf]
“Ethnic Segregation and Public Goods: Evidence from Indonesia” (with Kai Ostwald and Yuhki Tajima), American Political Science Review, August 2018. [pdf]
“Risk and Return in Village Economies,” (with Robert M. Townsend), American Economic Journal: Microeconomics, February 2018. [pdf]
“Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation” (with Scott Schuh and Robert M. Townsend), Economic Inquiry, January 2018. [pdf]
“The Motivations and Outcomes of Indonesia’s Decentralization Experiment” (with Kai Ostwald and Yuhki Tajima), Journal of Southeast Asian Economies, August 2016. [pdf]
“Natural Disasters and the Economy: Some Recent Experiences from Southeast Asia,” Asian Pacific Economic Literature, November 2014. [pdf]
“Heterogeneity and Risk Sharing in Village Economies,” (with Pierre-André Chiappori, Sam Schulhofer-Wohl, and Robert M. Townsend), Quantitative Economics, May 2014. [pdf]
“Measuring Rate of Return on Household Enterprises: What Matters Most for Whom?” (with Robert M. Townsend), Journal of Development Economics, 2012. [pdf]
“Impact of the Universal Health Care Coverage on Patient Demand for Health Care Services in Thailand.” (with Kannika Thampanishvong, Jirawat Panpiemras, and Thitima Puttitanun), Health Policy, December 2011. [pdf]
“The Rise of China and Foreign Direct Investment from Southeast Asia,” Journal of Current Southeast Asian Affairs, Special Issue on China and Southeast Asia: Political and Economic Interactions, September 2011. [pdf]
“Edgeworth Cycles Revisited.” (with Joseph J. Doyle, Jr. and Erich J. Muehlegger), Energy Economics, May 2010. [pdf]
“Lobbying and Taxes,” (with Brian K. Richter and Jeffrey F. Timmons), American Journal of Political Science, October 2009. [pdf]
Media Coverage: Portfolio Magazine, Business Insider
“Predictable Corruption and Firm Investment: Evidence from a Natural Experiment and Survey of Cambodian Entrepreneurs,” (with Edmund Malesky), Quarterly Journal of Political Science, October 2008. [pdf]
“Mixing Family with Business: A Study of Thai Business Groups and the Families behind Them,” (with Marianne Bertrand, Simon Johnson, and Antoinette Schoar), Journal of Financial Economics, June 2008. [pdf]
“$2.00 Gas! Studying the Effects of Gas Tax Moratorium” (with Joseph J. Doyle, Jr.) Journal of Public Economics, April 2008. [pdf]
Media Coverage: The Economist, Boston Globe, LA Times, Salon, Washington Post, Forbes
Book Chapters
“International Trade: A Growth Engine Losing Steam?” in The Routledge Handbook of Contemporary Thailand, 2nd Edition, Routledge, Forthcoming. [pdf]
"State Capitalism in East Asia" in The Oxford Handbook on State Capitalism and the Firm, Mike Wright, Geoffrey Wood, Alvaro Cuevo-Cazurra, Pei Sun, Illa Okhmatovskiy, and Anna Grosman, eds (with Richard Carney), Oxford University Press, 2022. [pdf]
“The Thai Economy: A Lost Decade?” in Coup, King, Crisis: Time of a Dangerous Interregnum in Thailand, edited by Pavin Chachavalpongpun, Yale Southeast Asian Studies Monograph Series, forthcoming, 2020. [pdf]
“Corporate Sector and International Trade” in The Routledge Handbook of Contemporary Thailand, Routledge, 2019. [pdf]
“Corporate Governance in Asia” in Asian Business and Management: Theory, Practice and Perspectives, edited by Michael Witt and Harukiyo Hasegawa (with Richard Carney), Macmillan International Higher Education, 2019. [pdf]
Policy Papers
“Understanding Corporate Thailand I: Finance” (with Chanont Banternghansa and Archawa Paweenawat), December 2019. [pdf]
“Thailand’s Household Debt Through the Lens of Credit Bureau Data: Debt and Delinquency” (with Sommarat Chantarat, Atchana Lamsam, and Bhumjai Tangsawasdirat), Puey Ungphakorn Institute for Economic Research Discussion Paper No. 61, July 2017. [pdf]
“Flood and Farmers: Evidence from Thailand” (with Sommarat Chantarat and Sirikarn Lertamphainont), Puey Ungphakorn Institute for Economic Research Discussion Paper No. 40, October 2018. [pdf]
“Will the ASEAN Economic Community (AEC) Transform Southeast Asian Economies in 2015?” (with Kai Ostwald), Asia Pacific Memo, January 2015.
“Portfolio Choices and Risk Preferences in Village Economies,” (with Pierre-André Chiappori, Sam Schulhofer-Wohl, and Robert M. Townsend, Federal Reserve Bank of Minneapolis Working Paper 706, May 2013. [pdf]
“Understanding Thailand’s Ongoing Political Crisis: Wider Implications for Southeast Asia and the West,” (with Edmund Malesky) Democratic Asia and the West Paper Series, the German Marshall Fund of the United States and the Legatum Institute, 2011. [pdf]