Dr. Clemens Bechter

Visiting Faculty

Affiliation: Assistant Professor, Faculty of Economics, Thammasat University, Thailand

E-mail: –

Office: Room 515, Faculty of Economics, Thammasat University

Country: Thailand

Expertise: Managerial Economics, International Operating Environment of Business

Degrees: PhD in Economics, The Australian National University, Canberra, Australia (2005); Master’s Degree in Economics, Thammasat University, Bangkok, Thailand (1999); Bachelor’s Degree in Economics, Thammasat University, Bangkok, Thailand (1996)

Courses: –


CURRENT RESEARCH TOPICS

  • Macroeconomics
  • International Economics
  • Capital Mobility
  • Multinational Enterprises
  • International Production Network


PROFESSIONAL ACTIVITIES

Academic positions

  • Thammasat University, Faculty of Economics, Assistant Professor, Aug 2015 – Present
  • AIT, School of Management, Assistant Professor, Aug 2010 – Jul 2015
  • ANU, Research Assistant, 2003-Jun 2005

Nonacademic positions

  • ADB, Economics and Research Department, Macroeconomics and Finance Research Division, Economist, Feb 2007-2010
  • UNESCAP, Poverty and Development Division, Economic Affair Officer, Sep 2005-2006
  • Bank of Thailand, Monetary Policy Department, Monetary Policy Analysis and Strategy Division, Modelling and Forecasting teams, Economist, 1998-2000


AWARDS

  • 2009 Research Paper (Private Investment in Thailand: Patterns and Determinants) by National Research Council of Thailand (NRCT), (with A. Kohpaiboon)


PUBLICATIONS

Publications

Refereed Journal Articles

2007 Determinants of Protection in Thai Manufacturing’, Economic Papers (with A. Kohpaiboon), 26(3): 276-94

2008 Real Exchange Rate Overvaluation and Currency Crisis: Evidence from Thailand, Applied Economics, 40(3): 373-82 Private Investment in Thailand: Patterns and Determinants’, World Development, 36 (10): 1709-24 (with A. Kohpaiboon)

2009 Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia, Asian Development Review, 26 (1): 48-102 (with W.E. James; P.J. Minor; and A. Greenbaum)

2009 The Impact of Food Safety Standards on Processed Food Exports from Developing Countries, Food Policy 34 (5): 447-57  

2009 Determinants of Structural Changes of Food Exports from Developing Countries, Asian-Pacific Economic Literature 23 (2): 94-115 

2009 Inflation in Developing Asia: Demand Pull or Cost Push, Journal of Asian Economics 20 (5): 507-18 (co-authored with D. Park)

2009 Outward Foreign Direct Investment and the Financial Crisis in Developing Asia, Asian Development Review 26 (2): 1-25 (with H. Hill)

2010 Capital Mobility in Developing Asia: How Does It Respond to the Financial Crises?, ASEAN Economic Bulletin Special Issue, 27(1): 27-54

2010 The Determinants of Household and Private Saving in Thailand’, Applied Economics, 42 (8): 965-76. doi.org/10.1080/00036840701721067

2010 Determinants of Export Performance in East and Southeast Asia’, World Economy 33 (1): 20-41.

2011 Inflation in developing Asia: pass-through from global food and oil price shocks”, Asian-Pacific Economic Literature, Vol. 25 (1): 79-92. (with D. Park)

2011 When are capital controls effective? Evidence from Malaysia and Thailand, International Economic Journal, Vol. 25 (4): 619-651 (with M.S.G. Bautista and J-W Lee)

2012 Structural Adjustment and International Migration: Firm Survey Analysis of the Thai Clothing Industry, Oxford Development Studies, vol. 40 (2): 231-260 (with Kohpaiboon, A., P. Kuthanavit)

2012 How Effective Are Capital Controls in Asia?’, Asian Economic Paper, vol. 11 (2): 122-143 (with Bautista, M. and J.W. Lee)

2012 Capital Flows and Real Exchange Rates in Emerging Asian Countries, Journal of Asian Economics (forthcoming) (with A. Kohpaiboon)

2012 International Production Network, Clusters and Industrial Upgrading: Evidence of Automotive and Hard Disk Drive Industries, Review of Policy Research (forthcoming) (with A. Kohpaiboon)

2012 Effectiveness of Capital Account Policies: Evidence from Thailand, Asian Development Review, 29 (2): 50-93 (with A. Kohpaiboon)

2012 How Effective are Capital Controls?: Evidence from Malaysia’, Asian Development Review, 29 (2): 1-47 (with P. Athukorala)

2013 Capital Flows and Real Exchange Rates in Emerging Asian Countries, Journal of Asian Economics, 24: 138 – 146 (with A. Kohpaiboon)

2013 International Production Network, Clusters and Industrial Upgrading: Evidence of Automotive and Hard Disk Drive Industries, Review of Policy Research, 30 (2): 211-239 (with A. Kohpaiboon)

2013 Cross-border Mergers and Acquisitions and Financial Development: Evidence from Emerging Asia, Asian Economic Journal , 27 (3): 265-84 (with D. Brooks and A. Kohpaiboon)

2014 Global Production Sharing and Wage Premiums: Evidence from the Thai Manufacturing Sector, Asian Development Review, 31 (2): 141-164 (with A. Kohpaiboon)

2014 Emerging East Asian Economies as Foreign Investors: An Analytical Survey, Singapore Economic Review, 59 (3): 1450019-(1-26) (with H.Hill)

2014 Science Park, Triple Helix and Regional Innovative Capacity: Province-level Evidence from China’. Journal of the Asia Pacific Economy, 19 (2): 333-52 (with Chih-Hai Yang and A. Kohpaiboon)

2015 Productivity spillovers from foreign multinationals and trade protection: firm- level analysis of Vietnamese manufacturing (forthcoming in Asian-Pacific Economic Literature) (with T. Thuyen and E. Ramstetter)

2015  The Effect of Trade Policy on Firm Productivity in Thai Manufacturing (forthcoming in Philippines Review of Economics, special issues to honour Prof. Hal Hill ) (with A. Kohpaiboon)

Books and Book Chapter

Exchange Rate Regimes, Capital Account Opening and Real Exchange Rates: Evidence from Thailand, Nova Science, New York, 2007.

Capital Mobility in Emerging Asia: Crisis and Beyond, Chapter 2 Progress in Economics Research Vol. 20, ed. by Thomas L. Wouters, Nova Science Publisher, Inc:, 2010.

Foreign Direct Investment in Emerging Asia: Implications of the International Production Network, Chapter 2 in Firm-level internationalisation, regionalism and globalisation, Elaine Hutson, Rudolf R. Sinkovics and Jenny Berrill (Eds.), London: Palgrave Macmillan (2011).

Workers’ Remittances, Capital Inflows, and Economic Growth: Experience from Developing Asia and the Pacific Countries, Chapter 7 in Special volume to honour Prof. Athukorala, Hal Hill and Jayant Menon (eds), ISEAS (forthcoming)

Working Papers

Exchange Rate Regimes, Capital Account Opening and Real Exchange Rates: Evidence from Thailand’, Trade and Development Working Papers No. 1, Research School of Pacific and Asian Studies, ANU, 2006.

Workers’ Remittances, Economic Growth and Poverty in Developing Asia and the Pacific Countries, Poverty and Development Working Paper No.1/2006, UNESCAP.

Determinants of Export Performance in East and Southeast Asia, ERD Working Paper No. 106, Economics and Research Department, Asian Development Bank, 2007.

Inflation in Developing Asia: Demand –Pull or Cost-Push?, ERD Working Paper No. 121, Economics and Research Department, Asian Development Bank, 2008. (with D. Park)

Export Performance, Foreign Ownership and Trade Policy Regime: Evidence from Thai Manufacturing, ERD Working Paper No. 140, Economics and Research Department, Asian Development Bank, 2008. (with A. Kohpaiboon)

The US Financial Crisis, Global Financial Turmoil, and Developing Asia: Is the Era of High Growth at an End?, ERD Working Paper No. 139, Economics and Research Department, Asian Development Bank, 2008. (with W. E. James; D. Park, S. Jha, A. Terada-Hagiwara, and L. Sumulong)

Equilibrium Real Exchange Rate, Misalignment and Export Performance in Developing Asia, ERD Working Paper No. 151, Economics and Research Department, Asian Development Bank, 2009.

Impact of Food Safety Standards on Processed Food Exports from Developing Countries, ERD Working Paper No. 154, Economics and Research Department, Asian Development Bank, 2009.

Trade Structure and the Transmission of Economic Distress in the High-Income OECD Countries to Developing Asia, ERD Working Paper No. 161, Economics and Research Department, Asian Development Bank, 2009

Determinants of Structural Changes of Food Exports from Developing Countries, ERD Working paper No. 167, Economics and Research Department, Asian Development Bank, 2009. (with N. Magtibay-Ramos)

The Decline of Investment in East Asia since the Asian Financial Crisis: An Overview and Empirical Examination, ERD Working paper No. 187, Economics and Research Department, Asian Development Bank, 2009. (co-authored with Donghyun Park and Park Kwanho Shin)

What Makes Developing Asia Resilient in a Financially Globalized World?, ERD working paper No. 181, Economics and Research Department, Asian Development Bank, 2009. (co-authored with H. Ito and A. Terada-Hagiwara)

Capital Flows and Real Exchange Rates in Emerging Asian Countries, ERD working paper No. 210, Economics and Research Department, Asian Development Bank, 2010.

How Effective Are Capital Controls in Asia?, ERD working paper No. 224, Economics and Research Department, Asian Development Bank, 2011(co-authored with Maria Socorro Gochoco-Bautista and Jong-Wha Lee)

Cross-border Mergers and Acquisitions and Financial Development: Evidence from Emerging Asia, ERD working paper No. 249, Economics and Research Department, Asian Development Bank, 2011 (co-authored with D. Brooks)

When are Capital Controls Effective? Evidence from Malaysia and Thailand, ERD working paper No. 251, Economics and Research Department, Asian Development Bank, 2011 (co-authored with Maria Socorro Gochoco-Bautista and Jong-Wha Lee)

Roles of Multinational Enterprises Exporting, and Global Production Networks on R&D Activities in Developing Countries: Lessons from Thai Manufacturing, SOM Working Paper Series No. 02/2011, School of Management, Asian Institute of Technology. (With A. Kohpaiboon)

Conference Papers/Public Lecture:

1999 Monetary Condition Index, SEACEN-BIS, October 1999, Kuala Lumper, Malaysia.

2000 Course on Inflation Targeting IMF-Singapore Regional Training Institute (STI), August 2000, Singapore.

2004 The 2004 PhD Conference in Economics and Business, Held at The Australian National University, November 2004.

2006 All China Economics International Conference, organized by APEC Study Centre, City University of Hong Kong, December.

2007 Emerging Asian Regionalism: Ten Years after the Crisis, ADB Thailand Resident Mission – Bangkok, July

2008 The 4th annual Australasian Development Economic Workshop, Australia 5-6 June 2008. Present the paper entitled ‘Processed food exports in developing countries: trend and determinants’

2008 The 11th International Convention of the East Asian Economic Association, 15-16 November 2008, Manila Present the paper entitled ‘Processed food exports in developing countries: trend and determinants’

2008 Workshop on the Market Structure, Ownership and Firm Performance in East Asia, the Reserach Institute of Industrial Economics, Stockholm, Sweden 24-25 October 2008. Present the paper entitled ‘ Producer concentration, Foreign ownership and Firms’ performance: Evidence from Thai Manufacturing’

2009 Singapore Economic Review Conference, Singapore 6-8 August 2009. Present the paper entitled ‘Equilibrium Real Exchange Rate, Misalignment and Export Performance in Developing Asia’

2009 Trade and Industry in Asia Pacific: History, Trends and Prospects, Australia 19-20 November 2009. Present the paper entitled ‘Foreign Direct Investment in Developing Asia: Implications of International Production Network’.

2009 Lecture at Faculty of Economics, Thammasat University (English Program), Research Issues on International Production Network and Firm Behavior, September 2009.

2010 REGIONALISM & GLOBALISATION”: The Academy of International Business (UK+Ireland Chapter) 37th Annual Conference, 8-10 April 2010

2010 Asia-Pacific Economic Association, 6th Annual Conference, 8-9 July, Hong Kong

2010 The East Asian Economic Association (EAEA), 12th Conference, 2-3 October 2010, Seoul, Korea.

2011 “Globalization and Innovation in Asia”, organized by Economic Research Institute for ASEAN and East Asia, during 19-20 December 2010, Bali, Indonesia and 25-26 February 2011, Bangkok, Thailand.

2011 Discussant the paper “Capital Inflows and Their Impacts on the Thai Economy and Financial Stability’, 2nd Bank of Thailand Research Workshop, 10-11 June 2011, Pattaya.

2011 Effectiveness of Capital Controls: Evidence from Thailand (with A. Kohpaiboon) [From ‘ADB Forum on the use of capital control’, organized by Economic and Research Department, ADB, on 21 July 2011, Manila, Philippines]

2011 Capital Account Policy in Malaysia (with P. Authorkorala [From ‘ADB Forum on the use of capital control’, organized by Economic and Research Department, ADB, on 21 July 2011, Manila, Philippines]

2012 Thailand Economics Conference 2012 ‘Thai Economic Challenges Amid the World Crisis’, June 8, 2012, The Imperial Queen’s Park Hotel, Bangkok, Thailand

2013 The Wage Premium, Trade Liberalization and the Global Production Network: Evidence from Thai Manufacturing [2nd Microdata Workshop, organized by Economic Research Institute for ASEAN and East Asia (ERIA), in Chiang Mai on 15-16 February]

2013 Multinational Enterprises, Exporting, and R&D Activities in the South [10th Biennial Pacific Rim Conference, March 14-17, 2013 Tokyo, Japan, Hosted by Keio University Graduate Schools of Economics and of Business and Commerce]

2013 The Wage Premium, Trade Liberalization and the Global Production Network: Evidence from Thai Manufacturing [10th Australasian Development Economics Workshop (ADEW), Arndt-Corden Department Economics, Crawford School of Public Policy, Australian National University, 6-7 June]