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Export survival for Thailand after the COVID-19 pandemic

Author

Listed:
  • Alongkorn Tanasritunyakul

    (Faculty of Economics, Thammasat University)

Abstract

This paper investigates trend and pattern of export survival in Thailand compared to its competitors in the region during the period of 2000-2020. We found that Thailand has high export survival for total merchandise and its product subcategories and has high level of export diversification. Moreover, the COVID-19 pandemic did not cause significantly export failure for the main exporting market of Thailand. In the econometrics results, economic size of bilateral partnerships, average exports, GPNs products, FTAs, and good business environment can reduce hazard rate of exports. Relating to policy implications, government should improve business environment, especially trade facilitation, for supporting higher export survival in Thailand. Also, doing export diversification is a choice of reducing export failures. However, the decision of doing export diversification should be done by exporters, not government, because government cannot bear the risk of export failure from doing export diversification.

Suggested Citation

  • Alongkorn Tanasritunyakul, 2023. "Export survival for Thailand after the COVID-19 pandemic," Discussion Papers 20230809, Thammasat University, Faculty of Economics, revised Oct 2023.
    • Handle: RePEc:tha:wpaper:20230809
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    File URL: https://www.econ.tu.ac.th/uploads/discussion_paper/file/20230809/adirstuyz378.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Export Survival; International Trade; COVID-19 pandemic;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy

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