KRISLERT SAMPHANTHARAK
School of Global Policy and Strategy, University of California San Diego
Robinson Building Complex, 9500 Gilman Drive, La Jolla, CA 92093-0519
Phone 858.534.3078 Fax 858.534.3939 Email krislert@ucsd.edu
Of cial Website: https://gps.ucsd.edu/faculty-directory/krislert-samphantharak.html
Personal Website: https://sites.google.com/site/krislert/

CURRENT APPOINTMENTS
University of California San Diego
Professor of Economics, School of Global Policy and Strategy
Af liated Faculty, Department of Economics and Department of Political Science
Puey Ungphakorn Institute for Economic Research (PIER), Bank of Thailand
AdvisorEDUCATION
1998 – 2003

Ph.D. and M.A. (Economics)
University of Chicago

Dissertation: “Internal Capital Markets in Business Groups”
Committee: Robert Townsend (Chair), Pierre-André Chiappori, Per Strömberg, andRandall Kroszner

1994 – 1998

B.A. (Economics) First Class Honors with Gold Medal
Chulalongkorn University, Bangkok, Thailand

EXPERIENCE
2021 – Present
2019 – 2021
2019 – 2021
2018 – Present2017 – Present
2016 – 20192015 – 2019;2021 – Present
2014
2013
2012
2011 – 20142010 – 2021
2010 – Present

Advisor, Tax Policy Committee, The Revenue Department, Thailand
Executive Director, Puey Ungphakorn Institute for Economic Research(PIER), Bank of Thailand
Management Committee, International Journal of Central Banking
Co-Editor, Journal of Southeast Asian Economies
Editorial Board, Asian Development Review
Associate Dean, School of Global Policy and Strategy, University ofCalifornia San Diego
Founding Advisor, Puey Ungphakorn Institute for Economic Research(PIER), Bank of Thailand
Visiting Scholar, Yale-NUS College, Singapore (October – December)
Visiting Scholar, University of Tokyo (March; October – December)
Visiting Scholar, Australian National University (July)
Chair, Global Leadership Institute (GLI), School of Global Policy andStrategy, University of California San Diego
Associate Professor of Economics, School of Global Policy and Strategy,
University of California San Diego
Scienti c Committee, Committee of Sustainable Assessment (COSA)

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2008
2007
2006 – Present

Visiting Scholar, International Monetary Fund (April)
Visiting Scholar, International Monetary Fund (March)
Research Af liate, Bureau for Research in Economic Analysis ofDevelopment (BREAD)
Visiting Assistant Professor and Global Fellow, University of California Los
AngelesAssistant Professor of Economics, School of Global Policy and Strategy,
University of California San Diego
Visiting Scholar, International Monetary Fund (August)2006 – 2007
2003 – 2010
2004

HONORS AND FELLOWSHIPS
2013

Award for Excellence in Teaching and Contributions to the Student
Community (Voted by Graduate Students at the School of Global Policy andStrategy, University of California San Diego)
Global Fellowship, University of California Los Angeles
Charles Robins Faculty Scholar, University of California San Diego2006 – 2007
2003 – 2008
TEACHING
2004 – Present

Finance, Corporate Finance, Finance and Development, Financial
Institutions, Accounting and Finance for Policy Makers, Organization
Economics, Economic Development, Comparative Economic Developmentof East Asia (Graduate); Economics of Southeast Asia (Graduate andUndergraduate); Senior Seminar in International Studies (Undergraduate),
University of California San Diego

2007

Economic Development (Undergraduate), University of California Los
Angeles

REFEREED PUBLICATIONSBookHouseholds as Corporate Firms: An Analysis of Household Finance Using Integrated Household
Surveys and Corporate Financial Accounting, (with Robert M. Townsend), Cambridge University
Press, 2010.
Refereed book in the Econometric Society Monograph Series. Including individual papers previously circulated as“Households as Corporate Firms: Constructing Financial Statement from Integrated Household Surveys” and“Kinship Networks, Liquidity Constraints, and the Financing of Household Investment” as well as additional chapterson household survey design and modeling.
Chinese Translation, Cambridge University Press, 2020.

Articlesfi2

“A Microscopic View to Unlocking Finance and Trade: Evidence from Thailand” (with Tosapol
Apaitan and Doungdao Mahakitsiri), Southeast Asian Journal of Economics, August 2021.
“Multinational Tax Avoidance and Anti-Avoidance Enforcement: Firm-level Evidence fromDeveloping ASEAN Countries” (with Athiphat Muthitacharoen), Singapore Economic Review,
forthcoming.
“Household Debt and Delinquency over the Life Cycle” (with Sommarat Chantarat, AtchanaLamsam, and Bhumjai Tangsawasdirat), Asian Development Review, Special Issue: New
Perspective on Asian Development, March 2020.
“Fiscal Stimulus and Household Debt: Evidence from Thailand’s First-Car Buyer Tax Rebate” (withAthiphat Muthitacharoen and Sommarat Chantarat), International Taxation and Public Finance,
Special Issue: International Institute of Public Finance Congress 2019: Taxation and Mobility,December 2019.
“Disaster, Preferences, and Household Behaviors: Evidence from the 2011 Mega Flood inCambodia,” (with Sommarat Chantarat, Sothea Oum, and Vathana Sann), Journal of Asian
Economics, Special Issue: Applications of Behavioral Economics to Asia, August 2019.
Early version circulated as a part of Disaster Risks, Social Preferences, and Policy Effects: Field Experiment Studies
in Selected East Asia, edited by Yasuyuki Sawada and Sothea Oum, Jakarta, Indonesia: Economic ResearchInstitute for ASEAN and East Asia, 2015.

“Dissecting Thailand’s International Trade: Evidence from 88 Million Export and Import Entries” (withTosapol Apaitan and Piti Disyatat), Asian Development Review, March 2019.
“Ethnic Segregation and Public Goods: Evidence from Indonesia” (with Kai Ostwald and YuhkiTajima), American Political Science Review, August 2018.
“Risk and Return in Village Economies,” (with Robert M. Townsend), American Economic Journal:
Microeconomics, February 2018.
“Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation” (with Scott
Schuh and Robert M. Townsend), Economic Inquiry, Symposium: Engineering Data on
Individual and Family Decisions Over the Life Cycle, January 2018.
“The Motivations and Outcomes of Indonesia’s Decentralization Experiment” (with Kai Ostwald andYuhki Tajima), Journal of Southeast Asian Economies, Special Focus: (De)centralization inSoutheast Asia, August 2016.
“Natural Disasters and the Economy: Some Recent Experiences from Southeast Asia,” AsianPaci c Economic Literature, November 2014.
“Heterogeneity and Risk Sharing in Village Economies,” (with Pierre-Andre Chiappori, Sam
Schulhofer-Wohl, and Robert M. Townsend), Quantitative Economics, March 2014.
“Measuring Rate of Return on Household Enterprises: What Matters Most for Whom?” (with RobertM. Townsend), Journal of Development Economics, May 2012.

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“Impact of the Universal Health Care Coverage on Patient Demand for Health Care Services inThailand.” (with Kannika Thampanishvong, Jirawat Panpiemras, and Thitima Puttitanun), HealthPolicy, December 2011.
Early version circulated as “Evaluating and Analyzing Impacts of the Universal Healthcare Coverage (the 30-BahtProgram) on Households and Healthcare Providers in Thailand,” (with Jirawat Panpiemras, Thitima Puttithanun, andTassanee Piyaniran) Report to Health Insurance System Research Of ce, Government of Thailand, Thailand
Development Research Institute, 2008.

“The Rise of China and Foreign Direct Investment from Southeast Asia,” Journal of Current
Southeast Asian Affairs, Special Issue: China and Southeast Asia: Political and EconomicInteractions, September 2011.
“Edgeworth Cycles Revisited.” (with Joseph J. Doyle, Jr. and Erich J. Muehlegger), Energy
Economics, May 2010.
“Lobbying and Taxes,” (with Brian K. Richter and Jeffrey F. Timmons), American Journal of PoliticalScience, October 2009.
Media Coverage: Portfolio Magazine“Predictable Corruption and Firm Investment: Evidence from a Natural Experiment and Survey of
Cambodian Entrepreneurs,” (with Edmund Malesky), Quarterly Journal of Political Science,
October 2008.
“Mixing Family with Business: A Study of Thai Business Groups and the Families behind Them,”(with Marianne Bertrand, Simon Johnson, and Antoinette Schoar), Journal of FinancialEconomics, June 2008.
“$2.00 Gas! Studying the Effects of Gas Tax Moratorium” (with Joseph J. Doyle, Jr.) Journal of
Public Economics, April 2008.
Media Coverage: Boston Globe, The Economist, LA Times, Salon, Washington Post

Book Chapters“State Capitalism in East Asia” in The Oxford Handbook on State Capitalism and the Firm, Mike
Wright, Geoffrey Wood, Alvaro Cuervo-Cazurra, Pei Sun, Illa Okhmatovskiy, and Anna
Grosman, eds. (with Richard Carney), Oxford University Press, forthcoming.
“The Thai Economy: A Lost Decade?” in Coup, King, Crisis: Time of a Dangerous Interregnum inThailand, edited by Pavin Chachavalpongpun, Yale Southeast Asia Studies Monograph Series,2020.
“Corporate Sector and International Trade” in The Routledge Handbook of Contemporary Thailand,Routledge, 2019.

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“Corporate Governance in Asia” in Asian Business and Management: Theory, Practice andPerspectives, edited by Michael Witt and Harukiyo Hasegawa (with Richard Carney), Macmillan
International Higher Education, 2019.
OTHER PUBLICATIONS
Understanding Corporate Thailand I: Finance” (with Chanont Banternghansa and Archawa
Paweenawat), Puey Ungphakorn Institute for Economic Research Discussion Paper No. 112,
August 2019.
“Thailand’s Household Debt Through the Lens of Credit Bureau Data: Debt and Delinquency” (withSommarat Chantarat, Atchana Lamsam, and Bhumjai Tangsawasdirat), Puey Ungphakorn
Institute for Economic Research Discussion Paper No. 61, July 2017.
“Flood and Farmers: Evidence from Thailand” (with Sommarat Chantarat and Sirikarn
Lertamphainont), Puey Ungphakorn Institute for Economic Research Discussion Paper No. 40,
August 2016.
Earlier version circulated as a part of Disaster Risks, Social Preferences, and Policy Effects: Field Experiment Studies
in Selected East Asia, edited by Yasuyuki Sawada and Sothea Oum, Jakarta, Indonesia: Economic ResearchInstitute for ASEAN and East Asia, 2015, under the title “The Effects of Natural Disasters on Households’
Preferences and Behaviors: Evidence from Thai Farmers During and After the 2011 Mega Flood”.

“Portfolio Choices and Risk Preferences in Village Economies,” (with Pierre-Andr Chiappori, Sam
Schulhofer-Wohl, and Robert M. Townsend, Federal Reserve Bank of Minneapolis Working
Paper 706, May 2013.
“Understanding Thailand’s Ongoing Political Crisis: Wider Implications for Southeast Asia and theWest,” (with Edmund Malesky) Democratic Asia and the West Paper Series, the German
Marshall Fund of the United States and the Legatum Institute, 2011.
COMMENTS AND REVIEWS
Review of “Outward Foreign Direct Investment in ASEAN” edited by Cassey Lee and Sineenat
Sermcheep, Paci c Affairs, September 2019.
Comment on “Can Russia Survive Economic Sanctions?” by Seth G. Benzell and Guillermo
Lagarda, Asian Economic Papers, Fall 2017.
Review of “Hard Interests, Soft Illusions: Southeast Asia and American Power” by Natasha
Hamilton-Hart, Asian-Paci c Economic Literature, May 2015.
BLOG ARTICLES“Shocks and Economic Disruption: Networks, Insurance, and Propagation” (with Cynthia Kinnan,
Robert Townsend, and Diego Vera Cossio) Global Development Network, April 20, 2020.

éfifi5http://www.globaldev.blog/blog/shocks-and-economic-disruption-networks-insuranceand-propagation“Ethnic Diversity Matters for Decentralisation and Development” (with Kai Ostwald and YuhkiTajima) East Asia Forum, July 25, 2018. https://www.eastasiaforum.org/2018/07/25/ethnicdiversity-matters-for-decentralisation-and-development/“Southeast Asian Economies: Is There Anything in Common?” Kyoto Review of Southeast Asia,November 2017. https://kyotoreview.org/yav/southeast-asian-economies-anything-incommon/“Will the ASEAN Economic Community (AEC) Transform Southeast Asian Economies in 2015?
(with Kai Ostwald) Asia Paci c Memo #322, January 7, 2015. www.asiapaci cmemo.ca/aectransform-southeast-asia
WORK UNDER REVIEW“Tax Incentive to Appear Small: Evidence from Thai Firms and Business Groups” (withChanont Banternghansa, Athiphat Muthitacharoen, and Archawa Paweenawat), Puey
Ungphakorn Institute for Economic Research Discussion Paper No. 148, February 2021.
“Common Ownership, Market Power, and Export: Evidence from Thailand” (with Tosapol Apaitan,
Chanont Banternghansa, and Archawa Paweenawat), Puey Ungphakorn Institute for Economic
Research Discussion Paper No. 140, June 2020.
“Delinquency Priority in Consumer Credit: Evidence from Thai Microdata” (with Kanis Saengchote),
Puey Ungphakorn Institute for Economic Research Discussion Paper No. 135, May 2020.
“Insurance and Propagation in Village Networks: Evidence from Thailand” (with Cynthia Kinnan,
Robert Townsend, and Diego Vera Cossio), Puey Ungphakorn Institute for Economic ResearchDiscussion Paper No. 115, June 2021.
WORKING PAPERS
Articles“Hidden Inequality: Corporate Ownership and Income in Thailand” (with Chanont Banternghansa),
May 2019.
“Understanding Corporate Thailand III: Ownership and Corporate Structure” (with ChanontBanternghansa), September 2019.
“Trade-Finance Nexus: Evidence from Granular-Level Data from Thailand” (with Tosapol Apaitarnand Doungdao Mahakitsiri), September 2016.
OTHER PAPERSfifi6

“The Dream of a Common Market: How the Domestic Political Costs of Dismantling Non-tariff
Barriers Inhibit Economic Integration” (with Kai Ostwald) July 2015.
“Internal Capital Markets and Allocation of Resources in Business Groups,” January 2009.
“Mixing Family with Business II: Evidence from a Crisis,” (with Marianne Bertrand, Simon Johnson,and Antoinette Schoar) August 2008.
“The Choice of Organization Structure: Business Group versus Conglomerate,” October 2007.

WORK IN PROGRESSBook
Economic Development of Southeast Asia. MIT Press, in preparation.
Finished chapters and sections circulated as working papers:“Ethnicity”, May 2019.
“Foreign Direct Investment”, May 2019.
“Multinational Enterprise”, April 2019.
“Small and Medium Enterprise”, March 2019.
“State Owned Enterprise”, March 2019.
“Natural Disaster”, March 2019.
“Civil Con ict”, March 2019.
“Sovereign Wealth Fund”, February 2019.
“Family Business Group”, February 2019.
“Economic Crisis”, October 2018.
“Sectoral Development: Agriculture, Non-Renewable Natural Resources, Manufacture, and Services”, October 2018.
“Economic Growth and Structural Transformation”, October 2018.
“Economic Development of Southeast Asia: Country Experience”, October 2018.

Articles“Understanding Corporate Thailand II: Dynamics” (with Chanont Banternghansa, and Archawa
Paweenawat)“Shocks and Production Networks: Evidence from the 2011 Flood on Thailand’s Auto Industry”(with Davin Chor and Yibei Liu)
“Household Debt from Household Surveys: An Assessment” (with Sommarat Chantarat andSuparit Suwanik)“Commodity Prices and Household Behaviors: A Debt Channel of Transmission Mechanism” (withSommarat Chantarat)“Understanding Consumption and Income Volatility,” (with Archawa Paweenawat and Robert M.
Townsend).

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“Thailand’s Household Debt Through the Lens of Credit Bureau Data II: Borrowers and Lenders”(with Sommarat Chantarat, Atchana Lamsam, and Bhumjai Tangsawasdirat).
“Thailand’s Household Debt Through the Lens of Credit Bureau Data III: Dynamics of Debt andDelinquency” (with Sommarat Chantarat, Atchana Lamsam, and Bhumjai Tangsawasdirat).
“Understanding SMEs: Evidence from Thailand” (with Nada Wasi).
“Thailand’s Corporate Debt Through the Lens of Credit Bureau Data” (with Jaree Pinthong, Achawa
Paweenawat, and Nada Wasi)

JOURNAL REFEREE
Journal of Political Economy; Review of Economics and Statistics; Journal of Finance; Journal ofDevelopment Economics; Journal of International Economics; Journal of Financial Markets; Asia
Paci c Issues; Japanese and International Economies; National Tax Journal; Journal of Corporate
Finance; Economics of Governance; Journal of Banking and Finance; Journal of Economic
Surveys; Small Business Economics; Economic Development and Cultural Change; Economica;
Journal of Marketing Research, Comparative Economics, World Development, Asian Economic
Panel, Journal of Asian Economics; American Journal of Political Science, Journal ofContemporary Asia, Journal of Money, Credit, and Banking, Asian Development Reviewfi8