Proceedings of The 6th World Conference on Social Sciences and Humanities
Year: 2023
DOI: https://www.doi.org/10.33422/6th.shconf.2023.06.110
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Exchange Rate Volatility, Inflation, and Economic Growth: Case Study of Thailand
Supanee Harnphattananusorn
ABSTRACT:
This paper investigate the impact of exchange rate volatility on Thailand inflation and economic growth. An empirical investigation based on a sample of Thailand over the period of first quarter 1993 to fourth quarter 2022 is conducted using the ARDL model. Results of the ARDL model (Bound test) show the existence of long-run relationship between exchange rate volatility, inflation , and economic growth of Thai economy. The findings suggest that nominal exchange rate volatility, as measured by generalized autoregressive conditional heteroskedasticity, negatively impacts economic growth. Moreover, the results indicate a positive relationship between economic growth and inflation.
keywords: Exchange Rate Volatility, Economic Growth, ARDL, Thailand