Impact of ASEAN on the Bilateral Trade Flow between Thailand and members of ASEAN

YOK BOONPEKTRAKUL

Abstract


In this paper, the trade volume between Thailand and ASEAN members and non-members is empirically analyzed by using the gravity model. The 1995-2018 panel data is used to establish a gravity model with variables such as distance from Thailand to each country, GDP, per capita GDP and whether it is a ASEAN country. According to the results of gravity model, the economic aggregate of each country, the distance from Thailand and whether it is a ASEAN country have significant influence on the trade volume between Thailand and each country.

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ISSN : 2251-1555