FOREIGN TRADE BEHAVIOR IN THAILAND: STABLE OR UNSTABLE?
This paper analyzes the demand for import and export functions of Thailand. It provides new evidence on both cointegration and the stability of the long-run relationship between trade flows and their determinants. Cointegration analyses are based on the Johansen (1992, 1995) system approach and the...
| Publicado en: | American Economist Vol. 44; no. 2; pp. 36 - 46 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Sage Publications Inc.
Fall2000
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=3899321&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 3899321 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 05694345 AEC jtl: American Economist issn: 05694345 maglogo: N pubinfo: dt: Fall2000 vid: 44 iid: 2 pid: 344 pub: Sage Publications Inc. artinfo: ui: 3899321 10.1177/056943450004400204 ppf: 36 ppct: 10 formats: tig: atl: FOREIGN TRADE BEHAVIOR IN THAILAND: STABLE OR UNSTABLE? aug: au: Arize, A. C. Chooekawong, P. Prasanpanich, V. su: International trade Commerce Thailand sug: subj: Thailand International trade Commerce ab: This paper analyzes the demand for import and export functions of Thailand. It provides new evidence on both cointegration and the stability of the long-run relationship between trade flows and their determinants. Cointegration analyses are based on the Johansen (1992, 1995) system approach and the FM-OLS by Phillips and Hansen (1990) technique. Evidence of stability is examined using two formal tests of the cointegration space by Hansen and Johansen (1993) and Hansen (1992). The major results show that there is a long-run equilibrium relationship between trade flows and their determinants. While the import demand function appears structurally stable, there is evidence of parameter instability in the export demand function. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2000 holdings: @attributes: islocal: N |
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