期刊名称:Ho Chi Minh City Open University Journal of Science - Economics and Business Administration
印刷版ISSN:2734-9314
电子版ISSN:2734-9586
出版年度:2014
卷号:4
期号:1
页码:3-12
DOI:10.46223/HCMCOUJS.econ.en.4.1.80.2014
语种:English
出版社:HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
摘要:The present paper examines the links between international trade, capital and economic growth in Thailand from 1950 to 2000 in an applied growth model including exchange rate as a control variable. Prior to 1980 the elasticity of per capita income with respect to trade was -0.2% switching to 0.07% in 1980 in line with the change from resource exports and import substitution to manufactured exports. The exchange rate elasticity of per capita income prior to 1980 was 0.4% switching to -0.2% consistent with the move to a floating exchange rate. Results confirm the overriding theoretical importance of investment to economic growth
关键词:international trade;neo-classical growth;time series analysis;Thailand JEL code: F43;O53