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Factors affecting revealed symmetric comparative advantageof crude palm oil exports of Indonesia, Malaysia and Thailand |
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| รหัสดีโอไอ | |
| Creator | 1. Rungrat Saeyang 2. Ayut Nissapa |
| Title | Factors affecting revealed symmetric comparative advantageof crude palm oil exports of Indonesia, Malaysia and Thailand |
| Publisher | Research and Development Office, Prince of Songkla University |
| Publication Year | 2565 |
| Journal Title | Songklanakarin Journal of Science an Technology (SJST) |
| Journal Vol. | 44 |
| Journal No. | 1 |
| Page no. | 32-39 |
| Keyword | autoregressive distributed lag, cointegration, crude palm oil, revealed symmetric comparative advantage |
| URL Website | https://rdo.psu.ac.th/sjst/index.php |
| ISSN | 0125-3395 |
| Abstract | This study aimed to investigate the relationship between the comparative advantages, as measured by the RSCA indexand selected economic variables for Indonesia, Malaysia, and Thailandโs crude palm oil export during 2001-2017. The results ofautoregressive distributed lag (ARDL) analysis showed that in the short-run, the interest rate had a negative impact onIndonesiaโs RSCA, while the one-period lag of the trade openness and the world price of soybean oil exhibited a positive impact.The findings suggested that the one-period lag of the exchange rate and the world price of crude petroleum oil had a short-runpositive impact on Thailandโs RSCA. It further found no evidence of long-run relationships among the variables in the Indonesiaand Thailandโs RSCA model. The model results also confirmed no relationships between Malaysiaโs RSCA and real interest rate,foreign direct investment, trade openness, the world price of crude petroleum oil and soybean oil in the short-run and long-run.This study focused only on crude palm oil export and six independent variables. More palm oil products and economic factorssuch as GDP and world consumption should be included in future studies. Important policy implications for improving acountryโs comparative advantage were recommended. |
