Long-run and short-run dynamics relationships between exchange rate fluctuations and foreign direct investment flows in China

This research explores the short-run and long-run dynamic relationships between exchange rate fluctuations and foreign direct investment (FDI) inflows in China. Monthly time series data from the National Bureau of Statistics of the People’s Republic of China are analyzed by employing co-integration tests, vector error correction models, Wald tests and impulse responses. The empirical results indicate that a change in exchange rates negatively affects FDI inflows in the long run while there exists no evidence of shortrun dynamics and reciprocal feedback between exchange rate fluctuations and FDI inflows. Furthermore, a structural break occurs during the 2007-2009 Asian financial crisis shock to FDI inflows in China

An Analysis of the Determinants of Thailand’s Exports and Imports wtih Major Trading Partners

This study investigates the impact of real exchange rates and related variables on Thailand’s exports and imports with its three major trading partners. The stationarity test results show that all time series variables in the models are nonstationary and integrated of order one. However, the cointegration tests indicate these series are not cointegrated. Therefore, Stock and Watson's dynamic ordinary least squares method are employed. The results show that real income and bilateral real exchange rates are crucial determinants of export and import between Thailand and its three major trading partners as predicted by a relatively vast literature in international trade

An Analysis of the Determinants of Thailand’s Exports and Imports wtih Major Trading Partners

This study investigates the impact of real exchange rates and related variables on Thailand’s exports and imports with its three major trading partners. The stationarity test results show that all time series variables in the models are nonstationary and integrated of order one. However, the cointegration tests indicate these series are not cointegrated. Therefore, Stock and Watson's dynamic ordinary least squares method are employed. The results show that real income and bilateral real exchange rates are crucial determinants of export and import between Thailand and its three major trading partners as predicted by a relatively vast literature in international trade

Cointegration between Investment and Saving in Selected Asian Countries: ARDL Bounds Testing Procedure

This paper investigates empirically the relationship between savings and investment in Indonesia, Philippines and Thailand by employing the bounds testing procedure. There are not many studies on the Feldstein-Horioka puzzle for the developing countries. Using bounds testing for cointegration, the results do not support a positive correlation between savings and investment in these three Asian countries

The Relationship between Government Expenditures and Economic Growth in Thailand

The notion that more government expenditures can stimulate growth is controversial. The causation between government expenditures and economic growth in Thailand was examined using the Granger causality test. There was no cointegration between government expenditures and economic growth. A unidirectional causality from government expenditures to economic growth existed. However, the causality from economic growth to government expenditures was not observed. Further more, estimation results from the ordinary least square confirmed the strong positive impact of government spending on economic growth during the period of investigation