This study examines the relationship between Laos's GDP, Thailand's direct investment to Laos and Laos's export to Thailand by using 44 quarters of data from 2005 Q1 to 2015 Q4. All relationships were studied using the vector error correction model (VECM). The results presented long run relationship from Laos' GDP and Laos' export to Thailand as well as from Thailand's direct investment to Laos's GDP and Laos's export to Thailand. In the short run, there was only unidirectional relationship from Laos's GDP to Laos's exports to Thailand. This study indicates that Laos's exporters receive benefits from Thailand's direct investment contribution to accelerate economic growth in the short term. Therefore, Laos's government should distribute income from the exporters to other economy sectors or spread the types of export goods into a larger range. AbstractThis study examines the relationship between Laos's GDP, Thailand's direct investment to Laos and Laos's export to Thailand by using 44 quarters of data from 2005 Q1 to 2015 Q4. All relationships were studied using the vector error correction model (VECM). The results presented long run relationship from Laos' GDP and Laos' export to Thailand as well as from Thailand's direct investment to Laos's GDP and Laos's export to Thailand. In the short run, there was only unidirectional relationship from Laos's GDP to Laos's exports to Thailand. This study indicates that Laos's exporters receive benefits from Thailand's direct investment contribution to accelerate economic growth in the short term. Therefore, Laos's government should distribute income from the exporters to other economy sectors or spread the types of export goods into a larger range.JEL Classification: F63, F40, O53
This study aims to explore the factors influence the competitiveness of Thailand’s processed pineapple exports as well as the impact size of these factors by focusing on canned pineapple (HS 200820) and pineapple juice (HS 200949). This study also determine the competitiveness and market share effects for both products in each market in each Thailand major partner countries. The average price of processed pineapple, GDP per capita and exchange rate were the explanatory variables. The panel data from 2013 to 2017 of 10 partners were used in a panel regression model with pooled OLS, fixed effect and random effect models. The empirical results show that the fixed effect model is the most suitable and that price significantly negatively affected the market share of both products. Moreover, there is a positive effect from GDP per capita on market share for pineapple and the exchange rate positively affected market share for canned pineapple. In addition, Thailand’s pineapple juice market share is less price sensitive than the canned pineapple market. The stable and competitive price are necessary conditions to enhance sustainable export competitiveness under current intense competition. The implementation of effective exchange rate management to prevent massive fluctuation is a crucial supporting mechanism to achieve this target. Moreover, the appropriate devaluation is other essential policy to enhance sustainable price competition under the tension competitive environment leads to accelerate the continue market shares in important markets.
In the current globalization stream, the foreign investment is an important role not only for developed country but at all especially the least developing country as Laos. This study aims to examine the relationship between the gross domestic product (GDP) and foreign direct investment (FDI) on economic growth of Laos by using data from 1985 to 2014. The long run relationship was analyzed by Johansen co-integration test and estimated the speed of adjustment by Vector Error Correction approach. Estimated results indicated that there was long run relationship running from FDI to GDP and the relation would return to the equilibrium in about 19 when it occurred. This study suggests that policy maker should improve the other factor for motivated FDI and accelerate Lao economy.
The purpose of this study is to investigate the spending behavior of Thai tourists in Dan Sai District, Loei province, Thailand by applying the Almost Ideal Demand System (AIDS) model. The analysis was conducted by employing Seemingly Unrelated Regression Estimation (SURE). A questionnaire was used to collect data and 400 samples were collected. The results revealed that the price factor influences the cost of accommodation on other expenses, food and beverage expenses on other expenses and travel expenses on other expenses while the revenue factor influences travel costs on other expenses and the cost of souvenirs on other expenses. The results of the study show that there should be measures to stimulate tourist spending using price strategy to encourage tourists to spend more, and marketing strategies should be used to encourage high-income tourists to spend in Dan Sai District.
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