US-Thailand trade at the commodity level and the role of the real exchange rate

Mohsen Bahmani-Oskooee and Kaveepot Satawatananon

Journal of Asian Economics, 2010, vol. 21, issue 6, 514-525

Abstract: Previous studies that have investigated the impact of real depreciation of the Thai baht on Thailand's trade flows have either used aggregate trade data between Thailand and the rest of the world, or between Thailand and its major trading partners. These studies have provided mixed results. In this paper, we disaggregate the trade flows between Thailand and its major trading partner, the US, by commodity and investigate the impact of currency depreciation on the export earnings of 118 American exporting industries and the outpayments of 42 American importing industries. While most industries are affected in the short run, the short-run results last into the long run in several small industries. The inpayments of large exporting industries and the outpayments of large importing industries are not affected. Economic activity seems to be the major long-run determinant of the performance of most industries.

Keywords: Thailand; US; Commodity; trade; Bounds; testing (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1049-0078(10)00076-X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:asieco:v:21:y:2010:i:6:p:514-525

Access Statistics for this article

Journal of Asian Economics is currently edited by C. Wiemer

More articles in Journal of Asian Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().