Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
l DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandLOPMENT ECONOMICSEXCHANGE RATE & TRADE BALANCE:A NEW APPROACH USING BIG MAC INDEX FOR THE CASE OF THAILANDA thesis submitted in partial fulfilment of the requirements for the degree of MASTER OF ARTS IN DEVELOPMENT ECONOMICSBYVO THE ANHAcademic Supervisor:Dr. VO HONG DUCHO c HI MINH C ITY. DECEMBER Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand2014ACKNOWLEDGEMENTSIt is assistance, guidance, and encouragement that contribute to the success of this thesis. Therefore. I would like to express myLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
gratitude to those who always stand by me during periods of writing thesis.My profound appreciation and sincere thanks must first be expressed to my l DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandoughout thesiswriting process from initial themes to entire finish, especially during boring time of reading the final draft.I would like to express my grateful thanks to Assc. Prof. Dr. Nguyen Trong Hoai. Dr. Truong Dang Thuy. Dr. Phung Thanh Binh, and Dr. Pham Khanh Nam. Lectures at Department of Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandEconomics Development at University of Economics (HCMC). for their helpful commands and valuable pieces of advice during the time I write the thesis.Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
Special thanks are extended to Dr. Le Van Chon for his invaluable econometric guidance. Thanks to such academic commands, advice, and guidance. I coull DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand) but also my classmates at VNP-MDE 19 for their help and support and for offering such a warm and friendly studying atmosphere.Most importantly. I am indebted to my parents for financing my study as well as for their constant love and moral support. This thesis could not be finished without their c Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandomprehension.iABSTRACTThis thesis focuses on achieving two main objectives'. (i) an evaluation of the Thailand’s currency to confirm whether a currencLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
y is over- or undervalued during the period from 1980 to 2013 lor the case of Thailand: and (ii) a consideration of the effects of a currency's devalul DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandbalance of Thailand: and the long run relationship between bilateral exchange rale and Thailand's trade balance.In relation to the first objective, the prominent feature of the study is to use the Big Mac Index (BMI). the first ever study of this kind conducted in Vietnam, for evaluating Thailand’s Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandcurrency and to apply this evaluation in the context of the link between exchange rate and trade balance. Nevertheless, the common-used index, the ConLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
sumer Price Index (CPI), is also utilized to compare the effectiveness of BMI with that of the CPI.Theoretical grounds for evaluating a currency in tel DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand Next, the empirical studies associated with such theory arc discussed. Empirical models and results arc reported accordingly.To obtain the first objective, the PPP hypothesis is required to be satisfied in terms of panel cointegration tests. 1 he fully modified Ol.s (I MOI.S) technique is adopted t Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailando determine the equilibrium exchange rale for evaluation process. On the grounds of the tests of ppp. the panel-based unit root tests as developed byLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
Brcilung (2001) and the panel cointegration tests by Pedroni (1999. 2001. 2004) and Kao (1999) are adopted. The empirical results confirm a solid valil DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand’s currency, the results illustrate that (i) the valuation iiof Thailand currency using CPI-based exchange rale is fairly consistent to that of B\0-based exchange rate with an exception of the outcomes during the 1997 Asian financial crisis; and (ii) the Big Mac exchange rate is better when bilatera Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandlly evaluating the Thailand Baht to US dollar.The second main objective - a consideration of the effects of a currency's devaluation on trade balanceLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
- could be achieved by the two procedures. The first procedure is to analyze how changes on exchange rate policy, fiscal policy, and monetary policy al DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandountries who are trading partners with Thailand; (ii) different geography (between regions and regions of countries); (iii) different income levels: and (iv) during different periods in which Thailand's currency is over- or under-valued. Both OLS method and IV technique are employed because of an en Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailanddogeneity problems as mentioned in previous studies. The empirical findings indicate that the exchange rate policy plays a central role in explainingLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
Thailand's trade balance and the fiscal and monetary policies are beneficial in some cases.The second procedure is to examine the long run relationshil DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand 2004) and Kao (1999) and the FMOLS model. The panel FMOLS estimations illustrate that a devaluation of Thailand Baht could provide positive effects on trade balance in the long run, especially for the groups of country with high income, upper middle income, in America, and Europe. The individual FM Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandOLS regressions between Thailand and each of her 62 trading partners indicate that the devaluation of Thailand's currency would stimulate Thailand's tLuận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailand
rade performance with over 20 trading partners, but hurt its performance with the other 10 countries and inconclusive conclusion for the others.iiiABBl DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVEL Luận văn thạc sĩ UEH exchange rate and trade balance, a new approach using big mac index for the case of thailandst SquaresIMFInternational Monetary FundVNDVietnam DongIVInstrumental VariableOECDOrganization for Economic Cooperation and Developmentl DIVERSITY OF ECONOMICS HO c HI MINH CITY VIETNAMINSTITUTE OF SOCIAL STUDIES THE HAGUE THE NETHERLANDSVIETNAM - NETHERLANDSPROGRAMME FOR M.A IN DEVELGọi ngay
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