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Much ado about nothing? : estimating the impact of a U.S. slowdown on Thai growth /
External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to the...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
©2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/140. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | External demand was the main driver of growth in Thailand in 2006 and 2007. However, WEO projections indicate moderating foreign demand in 2008, with U.S. growth being revised downwards to reflect the turmoil in housing and credit markets, and high oil prices. While the share of Thai exports to the US has fallen in recent years, the US remains Thailand's largest export destination. We use a small structural model and Bayesian estimation to assess the possible impact of a U.S. slowdown on Thai growth. We find that a 1 percent slowdown in U.S. growth in 2008-relative to the baseline forecast-could have an upper-bound impact on Thai GDP growth of 0.9 percentage points. |
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| Notas: | "May 2008." Title from PDF title page (viewed September 17, 2008). At head of title: Asia and Pacific Department. |
| Descripción Física: | 1 online resource (18 pages) |
| Bibliografía: | Includes bibliographical references (page 18). |
| ISBN: | 9781451869989 1451869983 1451914512 9781451914511 |
| ISSN: | 2227-8885 ; |