Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalizatio...Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.展开更多
People are witnesses of life imperilling and working background too, as today, even during the evolution. People＇s life interface is disturbed with different shapes of contamination： natural disasters （floods, eart...People are witnesses of life imperilling and working background too, as today, even during the evolution. People＇s life interface is disturbed with different shapes of contamination： natural disasters （floods, earthquakes, volcanic eruptions and the other）; on purpose or accidentally-different shapes like： wars, fires, chemical fates, using of dangerous materials in production processes and everyday life... In these mentioned specific conditions, breathing is imperiled, like the vital function of men＇s life and working interfaces. With the technical-technology progress, it is enclosed the development equipment for protection and safety of the respiratory parts of body, faces and eyes, regard to breathing apparatus. Applying the breathing apparatus, the total protection of the respiratory parts of the body, faces and eyes to aggressive materials, smoke and warmth is enabled. Today in the world there are many producers of breathing apparatus with similar technical-technological solutions, of which should be mentioned the main ones： MSA Auer, Dr/iger and Interspiro. Using of the breathing apparatus in practice, continual performation of different activities without consequences for the health and life of the user is enabled, what firstly depends on the user＇s education, regular using, controlling examination and maintenance/servicing.展开更多
There exist dual features of internationalization and regionalization in the current international monetary system, and the U.S. dollar is still in a dominant position in the system. A lack of relevant institutional c...There exist dual features of internationalization and regionalization in the current international monetary system, and the U.S. dollar is still in a dominant position in the system. A lack of relevant institutional constraints has led to institutional deficiencies and systematic risks in the international monetary system, and resulted in the frequent financial crises in the world in recent years. As an emerging economy closely related to the current international monetary system, China has responsibilities and obligations to participate actively in international monetary system reform and push forward international monetary system reform through institutional supply.展开更多
This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from t...This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from the core of the economic crisis to its periphery which is closely-related with it.The trade crisis corresponding to the US subprime crisis spreads faster than before,which has struck worldwide foreign trade.In order to get the main factors affecting trade crisis,the authors construct composite indices which are proxies of economic growth and price levels of internal and external regions.The results of logistic and linear panel models show that economic growth affects more to trade cycle than price level.The results of panel models with dummy variable of trade crisis show that the outside economic growth do bad to the recovery of internal foreign trade during trade crisis corresponding to Mexican peso crisis,the Asian financial crisis and the Russian debt crisis,while the opposite is true during the internet bubble burst and the US subprime crisis.展开更多
文摘Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.
文摘People are witnesses of life imperilling and working background too, as today, even during the evolution. People＇s life interface is disturbed with different shapes of contamination： natural disasters （floods, earthquakes, volcanic eruptions and the other）; on purpose or accidentally-different shapes like： wars, fires, chemical fates, using of dangerous materials in production processes and everyday life... In these mentioned specific conditions, breathing is imperiled, like the vital function of men＇s life and working interfaces. With the technical-technology progress, it is enclosed the development equipment for protection and safety of the respiratory parts of body, faces and eyes, regard to breathing apparatus. Applying the breathing apparatus, the total protection of the respiratory parts of the body, faces and eyes to aggressive materials, smoke and warmth is enabled. Today in the world there are many producers of breathing apparatus with similar technical-technological solutions, of which should be mentioned the main ones： MSA Auer, Dr/iger and Interspiro. Using of the breathing apparatus in practice, continual performation of different activities without consequences for the health and life of the user is enabled, what firstly depends on the user＇s education, regular using, controlling examination and maintenance/servicing.
文摘There exist dual features of internationalization and regionalization in the current international monetary system, and the U.S. dollar is still in a dominant position in the system. A lack of relevant institutional constraints has led to institutional deficiencies and systematic risks in the international monetary system, and resulted in the frequent financial crises in the world in recent years. As an emerging economy closely related to the current international monetary system, China has responsibilities and obligations to participate actively in international monetary system reform and push forward international monetary system reform through institutional supply.
文摘This paper proves the co-movement of foreign trade in different countries or areas which belong to ten economic regions by MS-VAR model.The studies show that trade crisis lags behind economic crisis and spreads from the core of the economic crisis to its periphery which is closely-related with it.The trade crisis corresponding to the US subprime crisis spreads faster than before,which has struck worldwide foreign trade.In order to get the main factors affecting trade crisis,the authors construct composite indices which are proxies of economic growth and price levels of internal and external regions.The results of logistic and linear panel models show that economic growth affects more to trade cycle than price level.The results of panel models with dummy variable of trade crisis show that the outside economic growth do bad to the recovery of internal foreign trade during trade crisis corresponding to Mexican peso crisis,the Asian financial crisis and the Russian debt crisis,while the opposite is true during the internet bubble burst and the US subprime crisis.
