The impact of economic shocks on the GDP of Southeast Asian countries (Thailand, South Korea) a case study


The research aimed to demonstrate the impact of economic shocks, both internal and external, in the economies of Thailand and South Korea, depending on the time series of a set of variables. Using the time series of the period (1992-2018) for both countries using modern standard methods of using time series stability, joint integration testing, and an equation Regression, pulse response functions and analysis of the components of variance showed that both countries are close to economic performance and are subject to the same shocks. Internal shocks have the greatest impact in Thailand, while external shocks have had the greatest impact in South Korea.