Exchange Rate Volatility and International Trade Flows: Evidence from Thailand

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เผยแพร่แล้ว: ธ.ค. 1, 2021
คำสำคัญ:
: Exchange Rate Volatility, International Trade, Bounds Testing

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Mai Lien Thi Dau
Lecturer, Martin de Tours School of Management and Economics (MSME Business School) ABAC University
Yuthana Sethapramote
Associate Professor, School of Development Economics, National Institute of Development Administration

บทคัดย่อ

ABSTRACT


         The paper examines the impact of exchange rate volatility on bilateral imports and exports between Thailand and its top-20trading partners from 1996 to 2018 using the autoregressive distributed lag (ARDL) bounds testing approach.  Our empirical results show three main findings. First, exchange rate volatility was found to have a significant effect on Thailand’s trade with most countries in the Asia-Pacific region. Secondly, exchange rate volatility mostly had a positive effect on Thailand’s bilateral trade in the short run; however, these effects were found to be negative in the long run. Finally, exchange rate volatility generally was seen to have a slightly stronger effect on imports rather than exports in both the short and long run.  This implies that Thai imports show a greater response to exchange rate volatility than Thai exports.

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วิธีการอ้างอิง
Dau, M. L. T., & Sethapramote, Y. (2021). Exchange Rate Volatility and International Trade Flows: Evidence from Thailand. วารสารเศรษฐศาสตร์ประยุกต์และกลยุทธการจัดการ, 8(2), 57–75. สืบค้น จาก http://kuojs.lib.ku.ac.th/index.php/jaems/article/view/3504
ฉบับ
ปีที่ 8 ฉบับที่ 2 (2021): July - December
บท
บทความวิจัย (Research Article)