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Abstract:
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This research purpose to study factors that affect to the growth of Thailand's exports to the ASEAN countries. The factor including exchange rate, interest rate, inflation, gross domestic product (GDP) of Thailand and GDP of ASEAN are considered to be independent variables in this study. The research applied the generalized method of moments (GMM) which developed lately by Arellano and Bond (1991) to determine those factors. Data that used were streamed between 1994 and 2015 accounting for 18 years with 9 countries including Indonesia, Malaysia, Philippines, Singapore, Brunei Darussalam, Vietnam, Laos, Myanmar, Cambodia, and Thailand.
The result indicate that inflation and exchange rate have significantly influence to Thai export to AEC countries, which mean if inflation increase and exchange rate become weak, Thai export to AEC countries will be increase in the same way. However, interest rate negatively impact to an export, which mean if an interest rate rise, Thai export to AEC countries will be decreased. In addition, the result found that GDP of Thai and ASEAN do not affect to an export.
Key Word : Export AEC, GMM, AEC Group, Export Thai, Factor to export
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