Thailand-Asean Commodity Trade: Evidence of J-Curve
This study attempts to investigate relationship between exchange rate and trade balance of Thailand and her
ASEAN trading partners; Indonesia, Malaysia, Philippine, Singapore and Vietnam for period of 2000-2015. This paper
employed Augmented Dickey-Fuller test (ADF), Johansen test, vector error correction model (VECM) andImpulse Response
Function (IRFs). The result of this paper found that devaluation of Thai currency improve trade balance in the case of
Malaysia and Philippines. Moreover, the study found no evidence support J-Curve Phenomenon.
Keywords: Exchange rate, J-Curve,Thailand, Trade balance, VECM