nep-sea New Economics Papers
on South East Asia
Issue of 2025–09–15
fourteen papers chosen by
Subash Sasidharan, Indian Institute of Technology


  1. Daily Fluctuations in Weather and Economic Growth at the Subnational Level: Evidence from Thailand By Sarun Kamolthip
  2. Factors Influencing the Success of Technology Startups in Vietnam: A research model development By Chuyen Thi NGUYEN
  3. The Quiet Lasting Impact of the Vietnam War on Children's Physical Development By Hiroyuki Yamada; TIEN MANH VU
  4. What Factors Drive Cashless Payment Adoption and Satisfaction? By Khaira Amalia Fachrudin
  5. Stakeholder Forum of the Sub-sector Working Group on Irrigation (SSWG-IR): the opportunities and potential of harnessing geographic information systems for irrigation management and development in Lao PDR By Inphonephong, S.; Vongxay, V.; Bounnavong, K.; Phiengvilayvanh, T.
  6. Bridging Generations: Intergenerational Transfers and Time Use in a Changing World By Christine Ho
  7. From Battlefield to Marketplace: Industrialization via Interregional Highway Investments in the Greater Mekong Sub-Region By Manabu Nose; Yasuyuki Sawada
  8. CHALLENGES AND BARRIERS FACED BY SMALL E-COMMERCE PLATFORMS IN AGRICULTURAL EXPORTS: LESSONS FROM VIETNAM By Hoang, Van Thang
  9. Location Matters: Insights from a Natural Field Experiment to Enhance Small Business Tax Compliance in Indonesia By Dong, Sarah; Satyadini, Agung; Sinning, Mathias
  10. Mapping China's ESG Disclosure Research Evolution: A CiteSpace-Based Knowledge Visualization Analysis (2004-2024) By Fan Feifei
  11. FIGHTING FOR VISIBILITY: A CASE STUDY OF DIGITAL MARKETING AND CONTENT CHALLENGES IN AGRICULTURAL E-COMMERCE By Hoang, Van Thang
  12. A Stitch in Time: Fast-Tracking India's Textile and Apparel Value Chain Integration By Ashok Gulati; Sulakshana Rao; Ritika Juneja; Riya Jain; Ayushi Gupta
  13. Determining the Internal Factors of Bank Profitability: Empirical Insights from an Emerging Economy By Mohammad Azhar Hossain
  14. Impact of policy instruments for solar energy development in Vietnam By Minh Phuong Nguyen

  1. By: Sarun Kamolthip
    Abstract: This paper examines the effects of daily temperature fluctuations on subnational economic growth in Thailand. Using annual gross provincial product (GPP) per capita data from 1982 to 2022 and high-resolution reanalysis weather data, I estimate fixed-effects panel regressions that isolate plausibly exogenous within-province year-to-year variation in temperature. The results indicate a statistically significant inverted-U relationship between temperature and annual growth in GPP per capita, with adverse effects concentrated in the agricultural sector. Industrial and service outputs appear insensitive to short-term weather variation. Distributed lag models suggest that temperature shocks have persistent effects on growth trajectories, particularly in lower-income provinces with higher average temperatures. I combine these estimates with climate projections under RCP4.5 and RCP8.5 emission scenarios to evaluate province-level economic impacts through 2090. Without adjustments for biases in climate projections or lagged temperature effects, climate change is projected to reduce per capita output for 63-86% of Thai population, with median GDP per capita impacts ranging from -4% to +56% for RCP4.5 and from -52% to -15% for RCP8.5. When correcting for projected warming biases - but omitting lagged dynamics - median losses increase to 57-63% (RCP4.5) and 80-86% (RCP8.5). Accounting for delayed temperature effects further raises the upper-bound estimates to near-total loss. These results highlight the importance of accounting for model uncertainty and temperature dynamics in subnational climate impact assessments. All projections should be interpreted with appropriate caution.
    Date: 2025–06
    URL: https://d.repec.org/n?u=RePEc:arx:papers:2506.20105
  2. By: Chuyen Thi NGUYEN (School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-2-Name: Ngoc Thi Kim PHAM Author-2-Workplace-Name: School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-3-Name: Dan Thi Thanh NGUYEN Author-3-Workplace-Name: School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - The wave of technology startups in Vietnam is growing strongly, significantly contributing to national economic growth. This research aims to develop a comprehensive research model to identify key factors affecting the success of technology startups in Vietnam. Methodology/Technique - This study employs a quantitative research method, utilizing desk research and an in-depth review of the foundation and current research on technology start-ups and related topics. Finding - Based on indepth literature analysis, research identifies ten (10) key factors influencing on the succes of technology start up including: 1) Technology monitoring, (2) Knowledge absorption capacity, (3) Perceived performance, (4) Customer satisfaction level, (5) Stage-based funding, (6) Innovation ecosystem, (7) Innovation and entrepreneurial culture, (8) Government support, (9) Network size and quality, and (10) Founding team capabilities Novelty - The novelty of this study lies in constructing a comprehensive model that integrates endogenous and exogenous factors within Vietnam's specific context, serving as a foundation for future empirical research and appropriate policy recommendations Type of Paper - Empirical"
    Keywords: Technology startups, success factors, startup ecosystem, Vietnam, research model.
    JEL: L26 O32 M13 O25
    Date: 2025–06–30
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:gjbssr664
  3. By: Hiroyuki Yamada (Keio University); TIEN MANH VU (Chuo University)
    Abstract: This paper examines the long-term health impacts of the large-scale herbicide spraying campaign by the U.S. in southern Vietnam during the Vietnam War on the height and weight of children under the age of 16 years in 2022, nearly 50 years after the Vietnam War ended. We combine the information on the age- and gender-adjusted z-score for the height and weight of children in 2022 with the herbicide spraying intensity at commune-level during the war. Our results using an instrumental variable approach show that communes that were exposed to greater amounts of herbicides during the war tended to have shorter children in 2022. Not only Agent Orange but also Agent White had a negative impact on children’s height after half a century.
    Keywords: Vietnam War, herbicide, children, physical development, health
    JEL: I15 N45 Z13
    Date: 2025–07–23
    URL: https://d.repec.org/n?u=RePEc:keo:dpaper:dp2025-017
  4. By: Khaira Amalia Fachrudin (Universitas Sumatera Utara, Jalan TM Hanafiah, Kampus USU, 20155, Medan, Indonesia Author-2-Name: Muhammad Faidhil Iman Author-2-Workplace-Name: Universitas Indonesia, Jalan Lingkar Kampus Raya, 16424, Depok, Indonesia Author-3-Name: Khairina Sariza Muliana Author-3-Workplace-Name: "Universitas Sumatera Utara, Jalan TM Hanafiah, Kampus USU, 20155, Medan, Indonesia " Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - A national cashless movement is actively being promoted in Indonesia. This research aims to offer empirical insights into how practicality, lifestyle, digital financial literacy, perceived trust, and price orientation affect cashless payment adoption and whether it affects satisfaction with using these systems. This study further explores how the adoption of cashless payments functions as a mediating variable in the relationship between five key factors and user satisfaction with cashless payment usage. Methodology/Technique - The sample consisted of 400 income-earning individuals in Indonesia who had previously used cashless payment methods. Using partial least squares structural equation modeling (PLS-SEM) with a 5% significance level, the findings indicate that practicality, lifestyle, digital financial literacy, perceived trust, and price orientation all exert a significant and positive influence on the adoption of cashless payments. Satisfaction with cashless payments is positively and significantly affected by their adoption. Findings - Cashless payment adoption mediates the effects of price orientation, practicality, digital financial literacy, perceived trust, and lifestyle on satisfaction. The results suggest that companies should implement appealing or competitive pricing strategies to encourage consumers to use cashless payments. Novelty - Financial service providers should prioritize practicality and security to build trust in cashless payment systems. Finally, the government and educational institutions should provide continuous education initiatives to promote digital financial literacy among the public. Type of Paper - Empirical"
    Keywords: Practicality, Lifestyle, Digital Financial Literacy, Price Orientation, Cashless Payment.
    JEL: D12 O33 G21 E42
    Date: 2025–06–30
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:afr239
  5. By: Inphonephong, S.; Vongxay, V.; Bounnavong, K.; Phiengvilayvanh, T.
    Abstract: The first semi-annual Stakeholder Forum of 2025 of the Sub-sector Working Group on Irrigation (SSWGIR) was held in Vientiane Capital, Lao People’s Democratic Republic (Lao PDR). It was organized by the Department of Irrigation (DOI) under the Ministry of Agriculture and Environment and supported by the Asian Development Bank (ADB) together with the International Water Management Institute (IWMI). The event was attended by 80 participants from government, academia, development organizations, farmer groups, and enterprises from the banking, insurance, hydropower, and mining sectors. The forum serves as a strategic coordination platform that offers high level support to the MAF’s Sectoral Working Group on Agriculture and Rural Development (SWG-ARD) and regular coordination among key stakeholders for more effective resource utilization and synergy enhancements for different irrigation development agenda topics or issues. The specific objectives of this particular event are to facilitate discussions on the opportunities and potential of harnessing geographic information systems (GIS) for irrigation management and development in the Lao PDR and to disseminate the new Irrigation Development Strategic Plan from 2026-2030 and Vision to 2040. The event also offered useful thoughts for DOI’s GISbased database establishment plan by reflecting on lessons learnt from other sectors.
    Keywords: Agribusiness, Agricultural and Food Policy, Resource/Energy Economics and Policy
    Date: 2025–07–28
    URL: https://d.repec.org/n?u=RePEc:ags:iwmirp:369091
  6. By: Christine Ho (School of Economics, Singapore Management University)
    Abstract: This Special Issue brings together nine papers that examine how families allocate time and money across generations. Spanning aging societies in East Asia to informal settlements in the Pacific, the contributions employ diverse methodological approaches, from natural experiments and policy variation to administrative data linkage and cross-generational panel surveys. The findings converge on a central insight: intergenerational transfers of time and money are not merely cultural practices, but systematic responses to changing economic environments and institutional frameworks. Family decisions are critical to the provision of long-term care, investment in children’s human capital, and the transmission of preferences, opportunities, and well-being across generations. Together, these studies highlight the importance of household economics for understanding and addressing the policy challenges of demographic transition, rising care demands, and the complex interplay between family resources and intergenerational outcomes.
    Keywords: Intergenerational Transfers; Long-term Care; Fertility; Investment in Children; Intergenerational Tr
    JEL: D13 D64 I14 J13 J14 J22
    Date: 2025–08
    URL: https://d.repec.org/n?u=RePEc:ris:smuesw:021527
  7. By: Manabu Nose (Keio University, Faculty of Economics); Yasuyuki Sawada (University of Tokyo, Faculty of Economics, Graduate School of Economics)
    Abstract: This paper examines the nonlinear effects of a large-scale highway construction project in the Greater Mekong Subregion, which connects the historically conflict-affected borderlands of northern Vietnam to the country’s industrial core. Employing a market access framework with geo-coded highway network and firm-level panel data, we estimate the causal impact of improved interregional connectivity, while accounting for spillovers via production input-output linkages. To address endogeneity issues arising from non-random route placements, we construct least-cost path spanning tree networks. Our instrumental variable estimates reveal that enhanced market access spurred manufacturing firm agglomeration and employment growth, particularly in peripheral rural areas. We further explore the underlying sources of polycentric development patterns, finding pronounced effects in second-tier cities characterized by less intense competition and better access to national road networks. Our findings are robust to controls for industrial zones, underscoring the pivotal role of the upgraded highway connectivity in transforming previously marginalized regions and supporting economy-wide industrialization over the past decade.
    Keywords: spatial structural transformation, market access, treatment spillover, agglomeration, core-periphery
    JEL: O14 O18 O22 O25 R12 R32 R58
    Date: 2025–05–30
    URL: https://d.repec.org/n?u=RePEc:keo:dpaper:dp2025-010
  8. By: Hoang, Van Thang
    Abstract: This paper presents a practitioner-led case study of Nông Sản Bán Buôn, a small agricultural e-commerce platform in Vietnam that aimed to connect rural producers to international markets. Unlike most research on digital trade which focuses on large platforms or macroeconomic policy, this study examines the practical barriers facing small, mission-driven ventures operating under resource constraints. Drawing on firsthand experience and qualitative documentation from 2017 to 2024, the paper identifies six core challenges: digital visibility, buyer trust, regulatory compliance, logistics infrastructure, access to capital, and pandemic-induced market shocks. The findings illustrate that technical innovation alone is insufficient for sustainability in emerging market contexts. Long-term success in agri-tech requires trust-building, inclusive infrastructure, and ecosystem-level coordination. This study contributes grounded insights to the literature on agricultural digital transformation and highlights policy directions to support small platforms in the Global South.
    Date: 2025–08–26
    URL: https://d.repec.org/n?u=RePEc:osf:socarx:bz2x4_v1
  9. By: Dong, Sarah (Australian National University); Satyadini, Agung (Australian National University); Sinning, Mathias (Australian National University)
    Abstract: Both theory and evidence suggest an ambiguous relationship between business tax compliance and geographic proximity to tax offices. We study this issue using a large-scale natural field experiment with Indonesia’s tax authority involving 12, 000 micro, small, and medium enterprises (MSMEs). Businesses were randomly assigned to receive deterrence, information, or public goods letters, or no message. All letters improved compliance, with deterrence messages producing the largest gains - substantially increasing filing rates and raising monthly tax payments. Each dollar spent on deterrence letters generated about US$30 in additional revenue over the course of a year. We observe high compliance among non-treated MSMEs near metropolitan tax offices and find that enforcement messages successfully raise compliance in non-metropolitan regions to comparable levels. However, targeting already compliant MSMEs near metropolitan tax offices backfires, underscoring the need for geographically tailored tax administration strategies. These results provide novel experimental evidence on the relation between geographic proximity and the effectiveness of tax enforcement, helping to reconcile mixed findings in the tax compliance literature.
    Keywords: behavioral insights, natural field experiment, tax compliance
    JEL: C93 D90 H25 H26
    Date: 2025–09
    URL: https://d.repec.org/n?u=RePEc:iza:izadps:dp18108
  10. By: Fan Feifei (Faculty of Economics and Business, Universiti Malaysia Sarawak (UNIMAS), 94300 Kota Samarahan, Sarawak, Malaysia Author-2-Name: Asri Marsidi Author-2-Workplace-Name: Faculty of Economics and Business, Universiti Malaysia Sarawak (UNIMAS), 94300 Kota Samarahan, Sarawak, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This study aims to systematically investigate the evolutionary trajectory of Environmental, Social, and Governance (ESG) information disclosure research in China from 2004 to 2024, mapping the intellectual structures, collaboration networks, and research dynamics to identify developmental patterns and research gaps in this rapidly evolving domain. Methodology/Technique – A comprehensive bibliometric analysis was conducted using CiteSpace visualization software to analyze 1, 039 academic publications sourced from the Web of Science database. The methodology employed temporal distribution analysis, author and institutional collaboration network visualization, keyword co-occurrence analysis, and burst detection to map knowledge structures and research trends. Findings – The analysis revealed three distinct developmental phases in China's ESG disclosure research: an emergence phase (2004-2014), a steady growth phase (2015-2019), and an acceleration phase (2020-2024) following China's ""dual carbon"" goals announcement. Critical gaps were identified in interdisciplinary collaboration and industry-academia partnerships. Research focus has shifted from conceptual frameworks toward technology-enhanced disclosure mechanisms, with emerging clusters on digital transformation, climate risk disclosures, and greenwashing detection. Novelty – This research produces the first comprehensive knowledge map of China's ESG disclosure research ecosystem using visualization techniques, providing quantitative evidence of the policy-driven nature of sustainability reporting development in emerging economies. The work uniquely bridges international ESG disclosure theories with China's distinctive institutional context while offering a methodological innovation that demonstrates how visualization techniques overcome traditional literature review limitations in complex research domains. Type of Paper - Empirical"
    Keywords: ESG, Information Disclosure, CiteSpace, Knowledge Map, Bibliometric Analysis.
    JEL: G34 M14 Q56 O16
    Date: 2025–06–30
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr228
  11. By: Hoang, Van Thang
    Abstract: This paper examines the challenges and strategies of agricultural e-commerce platforms in enhancing digital visibility, with a focus on the case of Nông Sản Bán Buôn in Vietnam. Using a case study approach, the research highlights how early adoption of search engine optimization (SEO) enabled rapid growth, but also how structural vulnerabilities, shifting digital algorithms, and the impact of the COVID-19 pandemic disrupted platform stability. The findings show that small and medium-sized enterprises (SMEs) in agriculture face unique barriers to sustaining online presence, including limited resources, technological dependence, and competitive asymmetries compared to larger players. By situating these experiences within broader academic debates on digital marketing, platform economies, and rural development, the study contributes to understanding the systemic inequalities embedded in digital commerce. The paper concludes with practical recommendations for SMEs to diversify marketing strategies, balance SEO with multi-channel engagement, and strengthen resilience in rapidly changing digital environments.
    Date: 2025–08–26
    URL: https://d.repec.org/n?u=RePEc:osf:socarx:5h7fr_v1
  12. By: Ashok Gulati (Indian Council for Research on International Economic Relations (ICRIER)); Sulakshana Rao; Ritika Juneja; Riya Jain; Ayushi Gupta
    Abstract: Globally, the T&A sector has shifted towards man-made fibres (MMFs) like polyester and viscose, outpacing cotton. Bangladesh and Vietnam have capitalised on these trends, capturing increasing global market shares in the apparel segment, while India's share has remained stagnant. Despite its potential, India has failed to adapt, missing opportunities created by China's waning dominance in the apparel market.To achieve its ambitious goal of increasing T&A exports from USD 34.8 billion in 2023-24 to USD 100 billion by 2030, India must integrate the 5Fs across the value chain, focusing on valueadded, fashion-driven exports and boosting MMF processing. Expanding market access through trade agreements, improving existing schemes, and fast-tracking PM MITRA parks will help India compete effectively on the global stage.
    Keywords: Textile and Apparel, Cotton, Manmade Fibre (MMF), Trade, icrier, agriculture
    Date: 2025–05
    URL: https://d.repec.org/n?u=RePEc:bdc:ppaper:39
  13. By: Mohammad Azhar Hossain (Southeast Business School (SBS), Southeast University, Bangladesh Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - The primary aim of this research is to examine the bank-specific variables that impact the profitability of banks in Bangladesh. Methodology/Technique – The present study demonstrates the ways in which bank-specific variables have affected the profitability of Bangladeshi banks. Only state-owned commercial banks (SCBs) were considered for this purpose. The study selected six operational SCBs as the sample size, using panel data from 2015 to 2024 to conduct a random effects regression model. Findings – The research examined internal characteristics like size, liquidity risk, operational efficiency, credit risk, financial risk, and capital sufficiency. According to the empirical inquiry, operating efficiency, financial risk, and liquidity risk are the most important bank-specific features that bank managers may use to formulate future strategies. Novelty – Numerous previous investigations have offered diverse insights for the variables affecting bank profitability, including both external and internal factors. This research examined the bank-specific variables that contribute to the profitability of the Bangladeshi banking system, a rising country in South Asia. Furthermore, in this paper, the factors affecting only the SCBs' profitability are clarified, which provides some useful empirical insights in this field. Type of Paper - Empirical"
    Keywords: State-Owned Commercial Banks, Profitability, Panel Regression, Internal Factors, Bangladesh
    JEL: C23 G21
    Date: 2025–06–30
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr229
  14. By: Minh Phuong Nguyen ("Research Group Innovation for Sustainable and Responsible Mining (ISRM), Hanoi University of Mining and Geology, Hanoi, 100000, Vietnam" Author-2-Name: Nga Nguyen Author-2-Workplace-Name: Research Group Innovation for Sustainable and Responsible Mining (ISRM), Hanoi University of Mining and Geology, Hanoi, 100000, Vietnam Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)
    Abstract: " Objective - This study analyzes the development of renewable energy in ASEAN and delves into specific promotion instruments for solar energy in Vietnam. Method Cost-benefit analysis was conducted to compare economic benefits with investment and operating costs. Methodology - Vietnam was entering a period of transformation in the field of renewable energy, especially solar energy (installed solar power capacity was 16, 000 MW in 2023, intending to increase to 25, 320 MW in 2030). Compared to ASEAN countries with many similarities in developing this industry, such as Indonesia (solar power capacity was 2, 100 MW in 2023), Vietnam faced an excellent opportunity to surpass. Findings - The results of the study show that government instruments had different levels of influence on various aspects, and the most influential were the FIT tariff (243.75 points) and tax exemption (49.71 points). Novelty - Although solar energy in Vietnam is developing rapidly, it is still necessary to improve and develop reasonable allocation strategies for supporting policies and incentive mechanisms to optimize economic benefits. Type of Paper - Empirical"
    Keywords: Policy Instruments, Solar Energy, Renewable Energy, Energy Transition, Sustainable Development, Sustainability Goals, FIT.
    JEL: E16 E27 O11 O13 O32
    Date: 2025–06–30
    URL: https://d.repec.org/n?u=RePEc:gtr:gatrjs:jber257

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