Designing a Country’s Small and Medium-Sized Enterprise Development Index Using Firm-Level Data: The Case of Thailand
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Publication Type:
Publisher:
Asian Development Bank (ADB)
Publication:
June 2025
This paper sets out a new way to quantitatively assess what affects MSME development nationally. It examined firm-level panel data from Thailand.
Understanding the business environment and structural issues that limit growth is crucial in designing an effective national policy framework for private sector development—especially for micro, small, and medium-sized enterprises (MSMEs).
This paper analyzes data on 49,565 MSMEs in Thailand. It finds a potential disproportionate effect of MSME policy interventions during and after the COVID-19 pandemic. This underscores the importance of a focused approach in designing policies for MSME development to facilitate more sustainable, resilient private sector growth.
Contents
- Introduction
- Thailand’s MSME Landscape and Policy Support Measures
- Empirical Approaches
- Data
- Estimation Results
- Key Findings from Empirical Analyses and Policy Implication
- Conclusion
