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The Effects of US Sanctions on Thailand's Exports after the 2014 Military Coup: Evidence from the Synthetic Control Method

Posted: 11 Jul 2024

See all articles by Wisarut Suwanprasert

Wisarut Suwanprasert

Middle Tennessee State University - Department of Economics and Finance

Date Written: February 01, 2024

Abstract

In this paper, I study the effects of the financial sanctions imposed by the United States on Thailand's military government following the 2014 military coup on Thailand’s exports. Using the Synthetic Control Method, I construct a hypothetical scenario representing Thailand without the imposition of these sanctions. The empirical findings reveal no statistically significant impact on Thailand's overall exports. However, a detailed analysis uncovers heterogeneous effects across Thailand's main exported products to the US, indicating that while the general export levels remain unaffected, specific industries experience varying degrees of disruption due to the sanctions.

Keywords: financial sanctions, Coup d’état, synthetic control method, Thailand, International Trade

JEL Classification: F1, F5

Suggested Citation

Suwanprasert, Wisarut, The Effects of US Sanctions on Thailand's Exports after the 2014 Military Coup: Evidence from the Synthetic Control Method (February 01, 2024). Available at SSRN: https://ssrn.com/abstract=4859155

Wisarut Suwanprasert (Contact Author)

Middle Tennessee State University - Department of Economics and Finance ( email )

Murfreesboro, TN 37132
United States

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