Post-crisis Export Performance in Thailand

Prema-chandra Athukorala and Suphat Suphachalasai

Departmental Working Papers from The Australian National University, Arndt-Corden Department of Economics

Abstract: This paper examines post-crisis export performance in Thailand against the backdrop of pre-crisis experience and ongoing changes in patterns of international production. Following a stage-setting survey of trends and patterns of export performance over the past four decades, it focuses on two key themes central to the current policy debate, namely the implications of China's emergence as a key player in world markets in labour intensive manufactured goods and the link between the crisis-propelled real exchange rate depreciation and export performance. There is strong evidence to suggest that the 'China fear' is vastly exaggerated. Real exchange rate depreciation has been a significant determinant of the post-crisis export recovery. However, the growing importance in the export composition of parts and components within vertically integrated cross-border production processes has tended to weaken the nexus of real exchange rate and export growth.

Keywords: export performance; real exchange rate; product fragmentation (search for similar items in EconPapers)
JEL-codes: F10 F14 F23 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2004-03
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:pas:papers:2004-04

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