Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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      General Information
  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 20 No. 1
Vol. 20 No. 1
Editorial
Agribusiness Lobby and Market Competitiveness




We spotlight the influences on public policy in this issue. The essential function of a policy is to protect and advance the welfare of society. “Welfare” as a social concept is defined by the International Institute for Sustainable Development (IISD) as the existence of the essential conditions for security of life, pursuit of livelihood, access to nutritious and adequate amount of food, state of good physical and mental health, and the freedom and ability to engage in rewarding social relations and economic transactions. Ideally, policy benefits everyone in an equitable manner. Pragmatically, policy optimizes the benefits, tries to minimize the cost of its implementation, and compensates losers. But when policy is crafted or implemented to favor a segment of society, the principles of equity and fairness take the backseat to one or two opportunistic behaviors: rent seeking and corruption.

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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Kasersart University Journal of Economics
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