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The Impact of International Oil Prices on Industrial Production: The Case of Thailand

NIDA Economic Review Journal

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Title The Impact of International Oil Prices on Industrial Production: The Case of Thailand
 
Creator Jiranyakul, Komain
 
Description This paper analyzes the impact of international oil prices on Thailand’s industrial productionusing Johansen cointegration test. The results show that U.S. dollar real exchange rate doesnot affect the economy’s industrial production index, while oil prices, and real money supplysignificantly impose a positive impact on the index. The positive relationship betweenindustrial production index and oil prices indicates that the manufacturing sector can adjustitself to higher costs of production in the long run. In the short run, industrial production areaffected by real money supply, real exchange rate and international oil prices. However, anydeviation from a stationary long-run equilibrium in the short run will be corrected in a shortperiod of time.
 
Publisher Development Economic Review
พัฒนาการเศรษฐกิจปริทรรศน์
 
Date 2006-06-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://tci-thaijo.org/index.php/NER/article/view/23124
 
Source Development Economic Review; Vol 1 No 2 (2549): NIDA Economic Review Journal; 35
พัฒนาการเศรษฐกิจปริทรรศน์; Vol 1 No 2 (2549): NIDA Economic Review Journal; 35
1906-2540
 
Language eng
 
Relation https://tci-thaijo.org/index.php/NER/article/view/23124/19750
 
Rights Copyright (c) 2017 Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)