Export survival for Thailand after the COVID-19 pandemic

Alongkorn Tanasritunyakul ()
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Alongkorn Tanasritunyakul: Faculty of Economics, Thammasat University

No 20230809, Discussion Papers from Thammasat University, Faculty of Economics

Abstract: This paper investigates trend and pattern of export survival in Thailand compared to its competitors in the region during the period of 2000-2020. We found that Thailand has high export survival for total merchandise and its product subcategories and has high level of export diversification. Moreover, the COVID-19 pandemic did not cause significantly export failure for the main exporting market of Thailand. In the econometrics results, economic size of bilateral partnerships, average exports, GPNs products, FTAs, and good business environment can reduce hazard rate of exports. Relating to policy implications, government should improve business environment, especially trade facilitation, for supporting higher export survival in Thailand. Also, doing export diversification is a choice of reducing export failures. However, the decision of doing export diversification should be done by exporters, not government, because government cannot bear the risk of export failure from doing export diversification.

Keywords: Export Survival; International Trade; COVID-19 pandemic (search for similar items in EconPapers)
JEL-codes: F10 F13 O24 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2023-10, Revised 2023-10
New Economics Papers: this item is included in nep-int and nep-sea
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Published in Econ TU Discussion Paper No.76, August 2023, pages 1-20

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