
<strong>Paper Title</strong><br>
The Relationships Between Thai Government Bond Yield And Economic Variables<br>
<br>

<strong>Abstract</strong><br>
This study uses Traditional and Threshold Cointegration models to analyze the secondary data over the periods of 
225 months (1996 to 2014:3) in order to examine the  relationships between Thai government bond yield and economic 
variables (interbank rate, private investment index, consumer price index, coincident economic index, exchange rate 
(baht/dollar) and SET index). All variables are stationary at the first difference. Testing for threshold follows on Hansen – 
Seo (2002) test. The results show some evidence of non-linear cointegration between Thai  government bond yield and  
economic variables.  Moreover, Thai government bond yield has either positive or negative correlation with independent 
variables.  
 
Keywords- Secondary Data, Economic Variables, Negative Correlation.