عنوان

Asymmetric Exchange Rate Pass-Through in Southeast Asian Rice Trade

Number

TL52574

.Language of Text, Soundtrack etc

انگلیسی

Title Proper

Asymmetric Exchange Rate Pass-Through in Southeast Asian Rice Trade

General Material Designation

[Thesis]

First Statement of Responsibility

Wiseman, Taylor

Subsequent Statement of Responsibility

Luckstead, Jeff

Name of Publisher, Distributor, etc.

University of Arkansas

Date of Publication, Distribution, etc.

2020

Text of Note

66 p.

Dissertation or thesis details and type of degree

M.S.

Body granting the degree

University of Arkansas

Text preceding or following the note

2020

Text of Note

Asian countries consume approximately 90% of the world's rice supply. Between 2007 and 2014, Thailand, Vietnam, and India accounted for 60% of the world's exports of rice. This paper estimates the impact of exchange rate fluctuations on bilateral trade flows in Southeast Asia. Because most Southeast Asian countries have state trading enterprises or agencies controlling rice trade, this analysis will provide insight as to whether these agencies respond to exchange rate fluctuations in a manner consistent with economic theory. Behavior inconsistent with economic theory could provide evidence of stabilizing domestic prices, market power, or export expansion policies. The analysis focuses on the main Asian importers, by volume, of rice (Malaysia, Indonesia, and China) from one of the largest, by volume, Asian rice exporters (Thailand). Another novel aspect of this analysis is the model employed. A nonlinear autoregressive distributed lag econometric model is utilized. The dependent variable is the bilateral importing LCU real value. The independent variables include lagged dependent variables, exchange rates, and real GDP per capita of the importing country. Results show countries' state trading enterprises are not optimizing import decisions as purchasing power fluctuates, which is the opposite of exchange rate theory.

Subject Term

Agricultural economics

Wiseman, Taylor

Luckstead, Jeff

University of Arkansas

Electronic name

p

[Thesis]

276903

a

Y