Factors Affecting the Sugar Export from Thai to ASEAN Countries
Keywords:
Sugar export, Thailand, ASEANAbstract
This research aims to examine factors affecting Thai sugar exports to ASEAN countries as well as to investigate the factors influencing the sugar export of different types including raw sugar and white sugar using annual secondary data of 9 ASEAN countries from the period 2012-2021. The result from Random effects estimation find that Thai sugar production, population, and openness index have a significantly positive effect, while the price of crude oil on the global market have a negative effect on the overall sugar export from Thailand to ASEAN countries. For the study of different types of sugar, the study finds that exchange rate, population, crude oil prices on the global market, and openness index have a positive impact, while inflation has a negative impact on the raw sugar export to ASEAN countries, and finds that inflation, population, and openness index have a positive effect, while the price of crude and raw sugar on the global market have a negative effect on the white sugar export to ASEAN countries. The result of this research will become the policy implication for the government for the sugar exporting plan in the future.
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