Jiranyakul, Komain (2010): The Effects of Real Exchange Rate Volatility on Thailand's Exports to the United States and Japan under the Recent Float. Published in: NIDA Development Journal , Vol. 50, No. 2 (2010): pp. 118.

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Abstract
This paper investigates whether the real exchange rate uncertainty depresses Thailand’s exports to the United States and Japan and thus causes the trade balances to deteriorate under the floating exchange rate regime. Monthly data from July 1997 to December 2007 are utilized. Industrial production indexes are used as proxies of real income of the two major trading partners. The results from bounds testing for cointegration show that the variables in the export demand are cointegrated, and the MarshallLerner condition still holds in the case of United States. Real exchange rate volatility generated by the ARCH(1) process as a measure of uncertainty has a negative effect on exports to Japan, but has no effect on exports to the United States. However, total exports can be harmed by real exchange rate uncertainty for exports to Japan.
Item Type:  MPRA Paper 

Original Title:  The Effects of Real Exchange Rate Volatility on Thailand's Exports to the United States and Japan under the Recent Float 
Language:  English 
Keywords:  Real exchange rate uncertainty, exports, bounds testing for cointegration 
Subjects:  C  Mathematical and Quantitative Methods > C2  Single Equation Models ; Single Variables > C22  TimeSeries Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes F  International Economics > F3  International Finance > F31  Foreign Exchange 
Item ID:  45030 
Depositing User:  Dr. Komain Jiranyakul 
Date Deposited:  15 Mar 2013 12:54 
Last Modified:  26 Sep 2019 18:59 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/45030 