STUDY AND ANALYSIS THE ETRON INDEX OF THAILAND WITH ECONOMIC VARIABLES

  • ชวนพงศ์ สุขพัฒนนิกูล
  • ภูมิฐาน รังคกูลนุวัฒน์
Keywords: ETRON Index, Economic variable, Cointegration

Abstract

The purposes of this research  was to study and analysis  the ETRON Index of Thailand with  economic variables (CPI, Industrial Index, oil price, interest rate, exchange rate) by  use monthly data from January 2006 to December 2016. This study estimate Cointegration with Single Equation method of Engle-Granger (1987).

The results of estimation CPI USA, CPI CHINA, CPI JAPAN, industrial Index non-Significance and CPI Thai, Crude Oil Brent, Interest Rate Thai, Interest Rate USA, exchange rate THB/USD has Significance just Interest Rate Thai and Crude Oil Brent that’s match the hypothesis. If Interest Rate Thai increase 1 % ETRON Index decrease 0.688596 % and Crude Oil Brent increase 1% ETRON Index decrease 1.01173 %.

Published
2017-09-17
Section
Engineering and Technology Articles

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