— There are major public concerns about economics fragility due to country risks in the recent years. It is caused by both internal and external factors. The internal factors are the debt related problems and the political instability while the external problems results from the global financial dynamics through capital mobility. As a results, this paper attempts to identify,measure, and estimate country risk in Thailand from both probability and impacts for socioeconomics policy consideration. The logit and country beta model are applied to Thai’s quarterly data and the evidence indicates strong political risks as well as internal private debt weakening the economy.
— Country risk, logit, forecasting.
The authors are with Department of Economics, Kasetsart University, Bangkok, Thailand (e-mail: firstname.lastname@example.org, email@example.com, firstname.lastname@example.org, email@example.com).
Cite: B. Saksit and S. Thana, " Thai’s Country Risk Assessment," Journal of Economics, Business and Management vol. 4, no. 2, pp. 120-124, 2016.