FACTORS AFFECTING THE EXPORT VALUE OF PRODUCTS FROM THE GEM AND JEWELRY INDUSTRY IN THAILAND

Abstract

The study aims to analyze the factors affecting the export value of products from the gem and jewelry industry in Thailand. The factors that used in the study are involved the value of investment factories from gem and jewelry industry, gold price, exchange rate of Thai Baht to US Dollar, consumer price index, Thailand Gross Domestic Product (GDP), manufacturing index of products from the gem and jewelry industry, policy interest rate, labor index from the gem and jewelry industry, and crude oil price. The data is collected by the secondary data of quarterly time series from 2021 to 2024 which covered 16 quarters. The study method uses data from analyzed by the multiple regression model using Ordinary Least Squares (OLS). The result shows that the export value of products from the gem and jewelry industry in Thailand is positively related to gold price at a statistical significance level of 0.10 and positively related to labor index from the gem and jewelry industry at a statistical significance level of 0.05 while investment factories from gem and jewelry industry, exchange rate of Thai Baht to US Dollar, consumer price index, Thailand Gross Domestic Product (GDP), manufacturing index of products from the gem and jewelry industry, policy interest rate, and crude oil price are not show the result at all.