Consequences of Thailand’s 2006 military coup: Evidence from the synthetic control method

The economic aftermath of Thailand's 2014 military coup: Evidence from the synthetic control method

“…In contrast, after the 2014 coup, General Prayut Chan-o-cha used Article 44 of the interim constitution, which grants extensive security measures, such as detaining people without charges, to consolidate power before he transitioned from military leadership to elected prime minister in 2019. While Suwanprasert (2023) contrasts the peaceful reign of Thaksin Shinawatra with the chaotic political climate, this paper contrasts the chaotic political landscape with the seemingly peaceful governance under General Prayut Chan-o-cha. The key distinction between the findings of Suwanprasert (2023) and this paper is that while military spending rose following the 2006 coup, it did not increase after the 2014 coup.…”

“…While Suwanprasert (2023) contrasts the peaceful reign of Thaksin Shinawatra with the chaotic political climate, this paper contrasts the chaotic political landscape with the seemingly peaceful governance under General Prayut Chan-o-cha. The key distinction between the findings of Suwanprasert (2023) and this paper is that while military spending rose following the 2006 coup, it did not increase after the 2014 coup.…”

“…This paper is closely related to Suwanprasert (2023), which examines the impacts of Thailand's 2006 military coup. The main difference between this paper and Suwanprasert (2023) is the specific circumstances surrounding each coup, particularly the differences in the political environment and the tenure of military leadership.…”

“…This paper is closely related to Suwanprasert (2023), which examines the impacts of Thailand's 2006 military coup. The main difference between this paper and Suwanprasert (2023) is the specific circumstances surrounding each coup, particularly the differences in the political environment and the tenure of military leadership. The 2006 coup, which was motivated by the escalating popularity and corruption scandals of Thaksin Shinawatra, saw General Sonthi Boonyaratglin seizing control, subsequently leading to an interim government headed by General Surayud Chulanont.…”

A Tale of Oil Production Collapse

“…6 Moreover, Munasib and Rickman (2015) used the SCM to evaluate the impact of the shale gas and tight oil boom on the economies of Arkansas, North Dakota and Pennsylvania; and more recently, Pellegrini et al (2021) evaluated the impact of oil extraction on social indicators in the region of Basilicata, Italy. In the literature exploring the impact of political disruptions on the economy, Suwanprasert (2023) examines the economic consequences of Thailand's 2006 military coup. Using the synthetic control method, he constructs a counterfactual scenario of Thailand without the coup.…”