Export price and local price relation in longan of Thailand: The bivariate threshold vecm model

Export price and local price relation in longan of Thailand: The bivariate threshold vecm model

© Springer Nature Switzerland AG 2019. There is an evidence of non-linear long-run equilibrium relationship between local longan price and all export longan price variables in Thailand. This paper examines the short run and long run relationship between the Thai local longan price and various export...

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Main Authors: Nachatchapong Kaewsompong, Woraphon Yamaka, Paravee Maneejuk
Format: Book Series
Published: 2019
Subjects:
Computer Science
Online Access:https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85065601697&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/65535
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Institution: Chiang Mai University
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spelling th-cmuir.6653943832-655352019-08-05T04:35:05Z Export price and local price relation in longan of Thailand: The bivariate threshold vecm model Nachatchapong Kaewsompong Woraphon Yamaka Paravee Maneejuk Computer Science © Springer Nature Switzerland AG 2019. There is an evidence of non-linear long-run equilibrium relationship between local longan price and all export longan price variables in Thailand. This paper examines the short run and long run relationship between the Thai local longan price and various export longan prices using a Threshold VECM Model. We used the monthly data for the period of 2005M1 to 2013M3. The threshold co-integration test confirms the non-linear long-run equilibrium relationship between local longan price and all export longan price variables. Also, we found the existence of long run equilibrium in local price relation with other export prices when the value of the error-correction is greater than the threshold level. Our results confirm that the longan market is cointegrated and it tends to be efficient and competitive when the longan market price is high. 2019-08-05T04:35:05Z 2019-08-05T04:35:05Z 2019-01-01 Book Series 1860949X 2-s2.0-85065601697 10.1007/978-3-030-04200-4_74 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85065601697&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/65535
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Computer Science
spellingShingle Computer Science
Nachatchapong Kaewsompong
Woraphon Yamaka
Paravee Maneejuk
Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
description © Springer Nature Switzerland AG 2019. There is an evidence of non-linear long-run equilibrium relationship between local longan price and all export longan price variables in Thailand. This paper examines the short run and long run relationship between the Thai local longan price and various export longan prices using a Threshold VECM Model. We used the monthly data for the period of 2005M1 to 2013M3. The threshold co-integration test confirms the non-linear long-run equilibrium relationship between local longan price and all export longan price variables. Also, we found the existence of long run equilibrium in local price relation with other export prices when the value of the error-correction is greater than the threshold level. Our results confirm that the longan market is cointegrated and it tends to be efficient and competitive when the longan market price is high.
format Book Series
author Nachatchapong Kaewsompong
Woraphon Yamaka
Paravee Maneejuk
author_facet Nachatchapong Kaewsompong
Woraphon Yamaka
Paravee Maneejuk
author_sort Nachatchapong Kaewsompong
title Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
title_short Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
title_full Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
title_fullStr Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
title_full_unstemmed Export price and local price relation in longan of Thailand: The bivariate threshold vecm model
title_sort export price and local price relation in longan of thailand: the bivariate threshold vecm model
publishDate 2019
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85065601697&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/65535
_version_ 1681426287030173696

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