This paper examines the influence of crude oil price on inflation in eight Asian and two of the pacific economies, which are oil-importing countries. The period of investigation is from 1987M5 to 2019M12. The results of bounds testing for cointegration reveal that there is a stable positive...

Previous empirical studies have mainly applied linear cointegration analysis to find the relationship between tourism receipts and real GDP in the long run. However, some studies fail to find this relationship due to its complex nature. This paper explores the validity of the tourism-led growth...

This paper explores the degree of exchange rate pass-through to domestic prices in Thailand using quarterly data from 2000Q1 to 2017Q4. Johansen cointegration tests are employed in the analysis. The degree of exchange rate pass-through is found to be partial and modest. The stable pass-through...

Contributing to the controversial issue on the impact of government spending on economic growth, this paper shows that government spending has both long-run and short-run impacts in stimulating aggregate output in Thailand during the floating exchange rate regime. In addition, real money supply...

This paper employs a bivariate BEKK-GARCH(1,1) model to examine shock and volatility spillovers between crude oil and stock markets by taking into account the impact of the 2008 global financial crisis. Daily data from crude oil market and the Thai stock market during February 6, 2004 and...

This paper analyzes the relationship between inflation and economic growth in Thailand using annual dataset during 1990 and 2015. The threshold model is estimated for different levels of threshold inflation rate. The results suggest that the threshold level of inflation above which inflation...

Using monthly data from 1979M1 to 2019M12, this paper employs the AR(p)-EGARCH model and quantile regression to examine the linkages between inflation and inflation uncertainty in nine Asian countries. The results show that inflation positively causes inflation uncertainty in all economies...

This paper employs monthly data to examine the impact of oil price shocks on the domestic inflation rate in Thailand from 1993 to 2017. Both linear and nonlinear cointegration tests are used to examine the long-run relationship between price level, industrial production and the real price of...

This paper estimates the broad money multiplier for Thailand using monthly data from 1997M1 to 2017M12. It is found that there is nonlinear relationship between money supply and monetary base. An increase in monetary base causes the broad money supply to increase proportionally, and vice versa....