An analysis of the competitiveness and market expansion of Thailand’s rubber smoked sheet exports: a technical note

This study aims to investigate the effect of market share and total RMS imports by Thailand's RMS partner importers by employing simultaneous equations with panel data. The data consist of 10 Thailand rubber smoked sheet (RMS) partner countries between 2008 and 2017 and are estimated by using the three stage least square technique. It was found that market share has more effect on the RMS partner imports from Thailand than the partner's market expansion while the exchange rate had a strong negative effect on market share in the partner country. As a consequence, policymakers should prioritize the formulation of suitable and effective international fiscal policy and its implementation to better allocate the benefits from trade.