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Economics

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Empirical Economic Bulletin, An Undergraduate Journal

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Agricultural production; economic growth; Thailand

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Granger Causality Test For Agricultural Production To Economic Growth In Thailand, Joshua Soares Apr 2023

Granger Causality Test For Agricultural Production To Economic Growth In Thailand, Joshua Soares

Empirical Economic Bulletin, An Undergraduate Journal

This study will dive into looking at the relationship of GDP growth and agricultural production in Thailand. In order to complete this study, we will use a Unit Root test, a Johanson Cointegration Test, a Granger Causality test, and finally an Impulse response function. The results will be able to show us whether or not there is a causal relationship between agricultural production and GDP growth. The results of the tests showed us that our only variable that had any significance was Thailand’s Net Trade.