Title: Trade policy preferences: a case of Thailand

Authors: Kanokwan Chancharoenchai; Wuthiya Saraithong

Addresses: Faculty of Economics, Department of Economics, Kasetsart University, Bangkok, 10900, Thailand ' Faculty of Economics, Department of Economics, Kasetsart University, Bangkok, 10900, Thailand

Abstract: Trade policy implementation is a sensitive issue and can be complicating. Without taking the micro information into account, trade policy administration can be considered as half-blinded. The logit and probit techniques are employed to assess the determinants of people's support for such trade issues as, people's support for trade liberalisation policy, being a member of ASEAN, and taking part in Regional Comprehensive Economic Partnership (RCEP) and other Free Trade Agreements (FTAs). The Bangkok people are likely to be defensive toward the newly enforced policy. The foreign exposure urges liberalisation perspective. The Stolper-Samuelson theory is valid only in the case of ASEAN labour market liberalisation.

Keywords: trade policy; trade policy preference; Thai trade policy; binary analysis; status quo bias.

DOI: 10.1504/IJTGM.2022.120877

International Journal of Trade and Global Markets, 2022 Vol.15 No.1, pp.61 - 69

Received: 23 Oct 2019
Accepted: 07 May 2020
Published online: 16 Feb 2022 *

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