Factors Influencing the Lao PDR Import Value of Processed Agricultural Products from Thailand during the Covid-19 Pandemic

This study investigates the impact of the Lao macroeconomic factors of real gross domestic product, the Openness Index, and the exchange rate between the Thai and Lao currencies on the Lao import value of agricultural processed products from Thailand. Using product classifications and data from the International Trade Centre, this research examined the total import value (IM) and value of the imported product categories of sugar (HS17), flour (HS19), miscellaneous edible preparations (HS21), beverages (HS22), and animal fodder (HS23) (as dependent variables). The analysis employed the Autoregressive Distributed Lag approach, and the Vector Error Correction Model was applied to analyze the level relationship and test causal relationships among variables by using quarterly time series data from Q1 2012 to Q3 2021. Results show long-run and short-run relationships between GDP and both IM and HS17, but only a long-run relationship with HS22 and a short-run effect on HS19. Following the effects of COVID-19, HS22 will be the fastest market to recover. GDP has the greatest effect on IM in the long run. Granger causality of real GDP was seen running to imports on IM, HS17, and HS19; Openness running to IM and HS19; and exchange rate running to HS17, HS19, HS21, and HS22, with only HS23 unaffected by any factor

The Relationship between Foreign Direct Investment from Thailand and Export on the Economic Growth of Laos

This study examines the relationship between Laos’s GDP, Thailand’s direct investment to Laos and Laos’s export to Thailand by using 44 quarters of data from 2005 Q1 to 2015 Q4. All relationships were studied using the vector error correction model (VECM). The results presented long run relationship from Laos’ GDP and Laos’ export to Thailand as well as from Thailand’s direct investment to Laos’s GDP and Laos’s export to Thailand. In the short run, there was only unidirectional relationship from Laos’s GDP to Laos’s exports to Thailand. This study indicates that Laos’s exporters receive benefits from Thailand’s direct investment contribution to accelerate economic growth in the short term. Therefore, Laos’s government should distribute income from the exporters to other economy sectors or spread the types of export goods into a larger range

Thailand's openness and implications for economic and trade policy : an econometric study

Thailand is currently enhancing and promoting intensive trade and investment liberalisation, and has implemented a long-term growth policy in accordance with current regional economic integration, World Trade Organisation obligations and globalisation. Nevertheless, several recent internal and external factors such as the severe acute respiratory syndrome (SARS) and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asian financial crisis and domestic economic policy reforms and political instability as well as military coups have affected the efficiency and success of this policy. While these issues have been important for Thailand and developing countries in Asia, only limited quantitative or evidence-based research has been undertaken to investigate them. Consequently, it has been very interesting to undertake modelling and policy-based research on this subject. Therefore, this study aims to develop an appropriate econometric model for Thailand to study the impact of openness on the country’s trade and growth to provide plausible policy implications and recommendations

An Analysis of the Competitiveness and Market Expansion of Thailand’s Rubber Smoked Sheet Exports - A Technical Note

This study aims to investigate the effect of market share and total RMS imports by Thailand’s RMS partner importers by employing simultaneous equations with panel data. The data consist of 10 Thailand rubber smoked sheet (RMS) partner countries between 2008 and 2017 and are estimated by using the three stage least square technique. It was found that market share has more effect on the RMS partner imports from Thailand than the partner’s market expansion while the exchange rate had a strong negative effect on market share in the partner country. As a consequence, policymakers should prioritize the formulation of suitable and effective international fiscal policy and its implementation to better allocate the benefits from trade

Factors Influencing the Processed Pineapple Export Competitiveness of Thailand

This study aims to explore the factors influence the competitiveness of Thailand’s processed pineapple exports as well as the impact size of these factors by focusing on canned pineapple (HS 200820) and pineapple juice (HS 200949). This study also determine the competitiveness and market share effects for both products in each market in each Thailand major partner countries. The average price of processed pineapple, GDP per capita and exchange rate were the explanatory variables. The panel data from 2013 to 2017 of 10 partners were used in a panel regression model with pooled OLS, fixed effect and random effect models. The empirical results show that the fixed effect model is the most suitable and that price significantly negatively affected the market share of both products. Moreover, there is a positive effect from GDP per capita on market share for pineapple and the exchange rate positively affected market share for canned pineapple. In addition, Thailand’s pineapple juice market share is less price sensitive than the canned pineapple market. The stable and competitive price are necessary conditions to enhance sustainable export competitiveness under current intense competition. The implementation of effective exchange rate management to prevent massive fluctuation is a crucial supporting mechanism to achieve this target. Moreover, the appropriate devaluation is other essential policy to enhance sustainable price competition under the tension competitive environment leads to accelerate the continue market shares in important markets