At Fat Tiger Think Tank, we bridge research with real-world execution, ensuring businesses, governments, and policymakers have the data, analysis, and strategic frameworks they need to thrive in an evolving global economy.

Thailand, Research Publications Fat Tiger Group Thailand, Research Publications Fat Tiger Group

R&D Spending, Competitive Advantage, and Firm Performance in Thailand

Investment in research and development (R&D) plays a pivotal role in enhancing Thai firms’ competitiveness and overall performance. Evidence from 151 private companies indicates that R&D spending does not directly influence firm performance but exerts a significant positive effect when mediated by competitive advantage.

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Indonesia, Opinion Pieces Fat Tiger Group Indonesia, Opinion Pieces Fat Tiger Group

Europe Notches an Early Win in Indonesian Free Trade Deal

Europe is accelerating efforts to expand its global trade network amid evolving geopolitical and economic challenges, including shifting U.S. tariff policies and China’s industrial overcapacity. As German auto exports to China slow, the EU is taking bold steps to diversify its markets and strengthen multilateral trade cooperation.

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Indonesia, Opinion Pieces Fat Tiger Group Indonesia, Opinion Pieces Fat Tiger Group

Export Expansion and Labor Market Dynamics in Indonesia

Indonesia’s export boom following China’s WTO accession significantly improved labor market outcomes, particularly in regions with strong manufacturing activity. The study finds that between 2000 and 2014, districts more exposed to manufacturing export expansion experienced higher formal employment growth and greater income gains among lower- and middle-income groups, while commodity-driven exports yielded limited benefits.

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Worldwide, Outlook & Policy Insight Fat Tiger Group Worldwide, Outlook & Policy Insight Fat Tiger Group

Chief Economists' Outlook: September 2025

Global economies are entering a period of profound transformation marked by persistent disruptions, rising uncertainty, and deep structural shifts. Seventy-two percent of chief economists expect global conditions to weaken over the next year as trade tensions, supply chain realignments, and rapid AI development reshape markets.

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Thailand, Research Publications Fat Tiger Group Thailand, Research Publications Fat Tiger Group

Roles of Geographical Heterogeneity on Income Distribution: Empirical Evidence from Thailand

Thailand faces persistent regional income disparities shaped by geographical heterogeneity, according to an empirical study analyzing data from national household surveys and satellite imagery. Using Mincer’s earnings function and the Generalized Method of Moments (GMM), the research found that income levels vary significantly across provinces, with the central region—driven by manufacturing and services—outperforming the agriculture-dependent northern and northeastern regions. Night-time light intensity, used as a proxy for economic activity, confirmed these spatial disparities, showing strong income clustering in Bangkok and surrounding provinces.

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Thailand, Opinion Pieces Fat Tiger Group Thailand, Opinion Pieces Fat Tiger Group

Thailand’s Green Evolution: Unlocking a Clean Future with Advanced Sustainable Energy Solutions

Thailand is at a pivotal stage in its decarbonization journey, moving steadily toward its goals of carbon neutrality by 2050 and net-zero emissions by 2065. Businesses have made meaningful progress by adopting sustainable energy solutions such as solar power, energy-efficient systems, and waste reduction initiatives, laying a solid foundation for broader transformation.

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Thailand, Research Publications Fat Tiger Group Thailand, Research Publications Fat Tiger Group

The Double-Edged Sword: Unintended Consequences of Small and Medium-Sized Enterprise Promotion Policy

Thailand’s introduction of a B30-million revenue cap in 2011 to qualify for SME tax incentives has had significant unintended consequences, according to a study by the Asian Development Bank (EWP 778). Using data from all registered Thai firms, it shows that the policy led to pronounced bunching behavior just below the threshold, with firms adjusting operations to maintain SME status.

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Fat Tiger Think Tank is a dedicated research and advisory hub that drives strategic insights for businesses expanding into Southeast Asia.

Our think tank delivers cutting-edge market analysis, policy insights, and industry-specific research tailored to help companies navigate Thailand's evolving economy and other high-growth ASEAN markets.

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