Manufactured exports in Thailand, 1988

The study attempts to estimate manufactured exports in Thailand during the period of devaluations (1981-1985). This is done by the ordinally least-squares method. The relevant factors, the real effective exchange rate, the capacity utilization rate, and the prices of non-traded goods are used to estimate nine export value of manufactured products equations. The multiple regression results are satisfactory and support the expecta�tions. The real effective exchange rate and the capacity utilization rate are the dominant (determinant) factors in affecting the value of manufactured exports in Thailand during the period in this study