Development Economic Review

Participation in religious activities and donations of Thai Buddhists: Empirical evidence from Thai Buddhists.

2024-01-10T13:47:22+07:00

Religious activities and donations related to religious and non-religious activities? This study aims to provide insights into the religious behaviors of Thai Buddhists, specifically their participation in religious activities and donations related to religious and non-religious causes. The study focused on data collected from a survey of 48,613 individuals conducted by the National Statistical Office in 2018 and used Thailand as a case study. Results showed that individuals who view religion as essential to their daily lives, those who use religious principles to guide their decision-making, and those who follow religious teachings tend to engage in more religious activities such as praying, giving alms to monks, listening to sermons or watching dhamma programs, reading dhamma books, observing the five precepts, and practicing meditation. Additionally, these individuals also tend to donate more to religious and non-religious causes, compared to those who do not consider religion necessary in their lives or do not follow religious principles. The statistical significance of these findings suggests that religious beliefs and practices significantly impact individual behavior in Thailand.

THE WILLINGNESS TO PAY INTO THE FUTURE FOR THE MUTANT COVID-19 VACCINE RESEARCH FUND

2022-09-01T09:09:11+07:00

The objectives of this study are: 1) to estimate the willingness to pay (WTP) into the future for
the mutant COVID-19 vaccine research fund via a one-time income tax surcharge; and 2)
to investigate factors which may influence the WTP. This study used the contingent valuation method, including close-ended single bounded questions and open-ended questions. This study calculates the WTP by using the Logit, Probit, and Tobit models from samples of 761
Thai citizens who live in Bangkok, Chiang Mai, Nakhon Ratchasrima, Phuket, and others.
The surveys were collected by using an online platform.

The study found that the mean willingness to pay was 1,298.80 baht. The factors that affect
the willingness to pay are the bid price amount, income, and occupation (company employee).

Demand and Supply of Community Based Tourism in Phu Pha Man District, Khon Kaen Province.

2022-10-08T19:06:09+07:00

A study on demand and supply of community-based tourism in Phu Pha Man district Khon Kaen province There
is a content scope covering tourism demand, potential and readiness of tourist attractions, and tourism activities
Tourism standards under the concept of sustainable tourism development and tourism supply data in terms of
tourist behaviors, motivations and demands of tourists towards tourism patterns and tourism marketing mix.
It is expected that entrepreneurs and people who are involved in tourism development in the area, both public and
private will know the level of potential and readiness of tourism and can be used to plan tourism development
appropriately and effectively maximize benefits in economic, social, cultural and environmental dimensions for
sustainable areas In addition, entrepreneurs be able to use information on the behavior and needs of
tourists to improve the form of tourism products and services to create the best impression on tourists. based on
their own resources, readiness and potential It’s a self-reflecting pattern. different identities of each
entrepreneur to create value and high economic value. This is to build sustainable strength for the business further.
The objectives of this study are: 1) To collect information assess potential and the availability of tourist attractions
in Phu Pha Man District 2) To explore the behavior and demands of tourists towards tourism patterns in Phu Pha
Man district. Use integrated research The tool used in the qualitative research was an in-depth interview.
(5 contributors), survey and attraction readiness assessment form (10 sources) and concluded with a content
description. The tool used for quantitative research was a questionnaire (400 tourists) and data were analyzed by
descriptive statistics such as mean, percentage, standard deviation.
The results of the study on tourism supply include tourism resources, tourist attraction businesses related to tourism
products and services, such as hotels, food and beverage outlets business in tourist attractions, etc., found that
the potential and readiness of tourist attraction at a moderate level (mean 2.30) of overall management potential
and readiness at the moderate level (mean 2.36), with the most readily available tourist attractions were Om God
Kun Kao (mean 2.67) and the results of the study on tourism demand. that study of behavior and needs of Thai
tourists traveling in Phu Pha Man district between June and August 2022, the most favorable motivation for tourists
was wanting to relax and have fun (average 4.76), followed by the desire to experience beautiful nature (mean
4.39) and the factor that tourists want the most is the beauty of the scenery. abundance and diversity of natural
resources (mean 3.81), followed by good service mind. good hostility (mean 3.01), respectively.

Investment Asset Allocation after Retirement under Uncertainty of Life Expectancy

2024-01-26T12:24:52+07:00

The purpose of this research is to study the asset allocation after retirement to get the highest withdrawal rate at acceptable failure rate. We consider two types of investment assets which are debt instruments and common stocks. The Monte Carlo simulation is employed to find the failure rate of investment portfolio. In addition, we employ the mortality table which shows the probabilities of death for each age group, to reflect the uncertainty of life expectancy. This is different from previous studies which sets the expected length of life to be a constant. From the empirical results, it was found that in the early stages of retirement, at ages 55 and 60, it is still necessary to invest in highly volatile assets such as common stocks, at least 65 percent, because there is still an expected life expectancy of more than 20 years with an appropriate withdrawal rate initially at 5.0 percent to 7.0 percent, depending on your ability to accept risks. After that, when we get older, we will be able to receive a higher withdrawal rate. Then, the proportion of investment in common stocks can be decreased to increase investment in debt instruments as your age increases. Then, the overall volatility of investment portfolio after retirement can be reduced.