Foreign Trade Regimes and the FDI-Growth Nexus: A Case Study of Thailand

Archanun Kohpaiboon

    Research output: Contribution to journalArticle

    Abstract

    This article examines the role of trade policy regimes in conditioning the impact of foreign direct investment (FDI) on growth performance in investment receiving (host) countries through a case study of Thailand. The methodology involves estimating a growth equation, which provides for capturing the impact of FDI interactively with economic openness on economic growth, using data for the period 1970-99. The results support the 'Bhagwati' hypothesis that, other things being equal, the growth impact of FDI tends to be greater under an export promotion (EP) trade regime compared to an import-substitution (IS) regime.
    Original languageEnglish
    Pages (from-to)55-69
    JournalJournal of Development Studies
    Volume40
    Issue number2
    DOIs
    Publication statusPublished - 2003

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