Krislert Samphantharak

Associate Professor

Krislert Samphantharak is an expert in finance, public policy and economic development. His research focuses on households and firms in emerging economies. He has extensive experience in working in policy-making institutions and currently serves as Executive Director of Puey Ungphakorn Institute for Economic Research at the Bank of Thailand.

Samphantharak’s book "Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting" was published by Cambridge University Press and is now also available in Chinese edition.

His recent publications include the studies of risk and return in village economies, impacts of natural disasters on farmers, ethnic segregation and public goods provision, and household debt over the life cycle. Currently, he is working on projects that employ big data analytics to study household finance, corporate finance and ownership structure, tax incentives and SMEs, and market power and business dynamism in Thailand. He is also preparing a book manuscript on comparative economic development of Southeast Asian economies.

Samphantharak held visiting positions at the International Monetary Fund, UCLA, Australian National University, University of Tokyo and Yale-NUS College. He is on the editorial board of Asian Development Review, a journal published by the Asian Development Bank.

For more information, please visit Krislert Samphantharak’s personal site.

Education and CV

Ph.D., Economics, University of Chicago, 2003 
B.A., Economics, Chulalongkorn University, Bangkok, Thailand, 1998
Curriculum Vitae (PDF)

GPS Spotlight

Putting students first
Sept. 19, 2015 | Learn how Krislert Samphantharak’s new title, associate dean of student affairs, couldn’t be better suited, plus some of his recent research endeavors in Southeast Asia

Publications of Note


"Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting," (with Robert M. Townsend), Cambridge University Press, 2009. 

Book Project on Economic Development of Southeast Asia

Samphantharak is currently preparing a book manuscript on Economic Development of Southeast Asia.


“Integrated Household Surveys: An Assessment of U.S. Methods and an Innovation,” (with Scott Schuh and Robert M. Townsend), Economic Inquiry, 2017.

“Risk and Return in Village Economies,” (with Robert M. Townsend), American Economic Journal: Microeconomics, 2017.

“The Motivations and Outcomes of Indonesia’s Decentralization Experiment,” (with Kai Ostwald and Yuhki Tajima), Journal of Southeast Asian Economies, August 2016.

“Natural Disasters and the Economy: Some Recent Experiences from Southeast Asia,” Asian-Pacific Economic Literature, November 2014.

“Heterogeneity and Risk Sharing in Village Economies,” (with Pierre-Andre Chiappori, Sam Schulhofer-Wohl, and Robert M. Townsend), Quantitative Economics, Vol. 5, 2014.

“Measuring Rate of Return on Household Enterprises: What Matters Most for Whom?,” (with Robert M. Townsend), Journal of Development Economics, May 2012.

“Impact of the Universal Health Care Coverage on Patient Demand for Health Care Services in Thailand,” (with Kannika Thampanishvong, Jirawat Panpiemras, and Thitima Puttitanun), Health Policy, December 2011.

“The Rise of China and Foreign Direct Investment from Southeast Asia,” Journal of Current Southeast Asian Affairs, Special Issue on China and Southeast Asia: Political and Economic Interactions, 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 Political Science, October 2009.

“Predictable Corruption and Firm Investment: Evidence from a Natural Experiment and Survey of Cambodian Entrepreneurs,” (with Edmund Malesky), Quarterly Journal of Political Science, 2008, 3: 227–267.

"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 Financial Economics, June 2008.

"$2.00 Gas! Studying the Effects of Gas Tax Moratorium," (with Joseph J. Doyle, Jr.), Journal of Public Economics, April 2008.

"Households as Corporate Firms"
Krislert Samphantharak (UC San Diego) and Robert M. Townsend (MIT)
Cambridge University Press (2009)

Krislert Samphantharak