Impact of openness, economic policy reform and regional shocks on trade and growth of Thailand： An econometric study

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.

Empirical Research on Correlation of Foreign Trade and Economic Growth --Taking Shanghai as an Example

Based on the statistical data of Shanghai, the paper makes empirical research on the relationship between foreign trade and economic growth. The research results indicate that there is long-term dynamic and equilibrium relationship between foreign trade and economic growth, and the economic growth is the Granger cause of trade import. Since 1979, rapid growth of economy motivates the expansion of trade import, but the pulling effect of import on economic growth is not evident. In addition, trade import promotes economic growth in the long run. But we can see that from the economic data in Shanghai that the promotion has not become the source motivate force of growth for trade expert.

Exploring New Ways to Deepen the Reform of State-owned Foreign Economic and Trade Enterprises

By the end of the century, the reform and development of China’s state-owned enterprises will create new prospects. The reform of state-owned foreign economic and trade enterprises should also see further breakthroughs. At present, the following aspects are important: 1. Implement a Holdings System in the Reform of State-owned Foreign Economic and Trade Enterprises. The holdings system plays a major role in transferring the management mechanism of state-owned foreign economic and

Chongqing Foreign Economic & Trade Business

Located at the confluence of Yangtze River and Jialing River, Chongqing is a picturesque mountain city with rich natural resource. It is a famous

Beijing's Foreign Trade & Economic Cooperation

In accordance with the basic lines of Beijing’s foreign trade and economic cooperation, the Beijing Municipal Commission of Foreign Trade and Economic Cooperation has set specific tasks this year. They are as follows: Further quickening of steps in using foreign funds, with stress being placed on attracting investment from large companies. Efforts will be made in the management of medium-to-largeprojects. New fields and forms of cooperation

Beijing's Foreign Economic Relations and Trade

Beijing’s foreign economic relations and trade in 1993 surpassed that of 1992, and remarkable breakthroughs were made during the last year in the utilization of foreign capital, export volume and foreign exchange earnings, and the construction of development zones, according to Mr Zhang Xuequn, the Deputy Director of Foreign Economic Relations and Trade Commission of the Beijing Municipal Government. The robust development

Qinghai's Strategy For Foreign Economic and Trade Development

Qinghai Province in northwest China has recently drawn up its strategy for foreign economic and trade development. The highlights include optimizing its investment climate, developing channels for introducing foreign capital and making good use of foreign funds, the development of natural resources and the reform of its medium-to-large enterprises to improve and benefit the development of its

MOFTEC Minister Wu Yi on China's Foreign Trade and Economic Cooperation

The structure of China’s foreign trade now conforms basically to international trade norms China will set up a legal system for foreign trade and economic cooperation in three years Foreign investment enterprises will enjoy national treatment China shall become the member of the World Trade Organization at the earliest possible

Shanghai's New Foreign Economic and Trade Achievements in 1996

1996 was the first year of Shanghai’s Ninth Five-year Plan in foreign trade. Although the country saw significant readjustment in foreign-related economic policies and great changes in macroeconomic environment, Shanghai’s foreign economic and trade work stood the test, maintained steady growing development and realized all the goals set

Beijing's Steady Growth in Foreign Economic Relations and Trade

In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the

Foreign Economic and Trade Arbitration Cases

In the last decade as more and more foreign-related commercial disputes have emerged, the China International Economic and Trade Arbitration Commission and the China Maritime Arbitration Commission have been among the world’s major commercial arbitration centres. They play an independent and fair role in handling cases, and this has recognized worldwide. From this issue, we will introduce some cases handled by the two arbitration commissions to help our readers have a better understanding of China’s foreign arbitration practices and to promote the healthy development of international commercial cooperation.

Few Problems in Accelerating Foreign Economic & Trade Development

China’s economic reform has progressed to setting up a socialist market economy. Since 1994, a series of reform measures in taxation, finance, planning, foreign exchange and foreign trade adopted by the State have promoted the development of the national economy, as well as foreign economic and trade development. The furtherance of the good situation of the economy and foreign trade relies on the following work: 1, Speeding up the development

The Diffusion of Bilateral Tendencies in the Common Trade Policy of the European Union During the Global Financial and Economic Crisis

In this research work, the author focuses on the analysis of the diffusion of bilateral tendencies in the common trade policy of the European Union （EU） during the global financial and economic crisis. Realistic point is important trends in the trade regime during the economic crisis. The decisions taken by the representatives of the governments participating in the World Trade Organisation （WTO） are, to a significant degree, influenced by various lobbies, such as organisations and unions of food producers or other non-governmental organisations, including trade unions, The main objective of the research task is to give a comprehensive analysis of the international trade policy during the world financial and economic crisis 2008-2010. The particular mains concern the political economy models of foreign trade policy, protectionistic pressures in different political system, the level of protectionistic pressures, food producer pressures, international trade liberalization, and environmental protection bilateral tendencies in the common trade policy of the EU and the respond of the EU to the economic crisis, it must be emphasized that on a theoretical level, understanding the choice of trade policies between liberalizm and protectionisme is very important. Despite the undeniable benefits of the multilateral WTO forum for trade liberalisation, the rapid increase of North-South bilateral and multilateral Free Trade Areas （FTAs） begs a systematic explanation for why some forums are prioritized relative to others.

CHINA'S NEW RECORD OF FOREIGN TRADE & ECONOMIC COOPERATION IN 2000

The annual imp. & exp. value registered an increase of 31.5% over the previous year, amounting to USD 474.3 billion: USD 249.2 billion of exp. (increased by 27.8%) and USD 225.1 billion of imp. (up 35.8%). The imp.& exp.value of mechanic & electronic products reached USD 208.2 billion, an increase of 34.7%: USD 102.9 billion in imp. (increased by 32.6%) and USD 105.3 billion in exp. (increased by 36.9% up to 42.3% of

Minister Wu Yi On the Development of China's Foreign Trade and Economic Cooperation in the 1990s

Minister of Foreign Trade and Economic Cooperation Wu Yi made a report entitled Opportunity and Prospects: Basic Thoughts on the Development of China’s Foreign Trade and Economic Relations in the 1990s to Chinese and foreign participants working in this fields at an international seminar on China’s Foreign Trade and Economic Cooperation held in Beijing in mid-May.

Act in the Spirit of the 15th Congress of the Party and Strive to Promote the Development of Foreign Trade and Economic Cooperation in Terms of Both Quantity and Quality

China’s foreign trade continued to maintain its development momentum last year througn vigorous promotion of two fundamental changes,spurred by the smooth return of Hong Kong and propelled by the spirit of the 15th Congress of the Communist Party of China. Imports and exports developed steadily。