TY - JOUR
T1 - Foreign Trade Regimes and the FDI-Growth Nexus: A Case Study of Thailand
AU - Kohpaiboon, Archanun
PY - 2003
Y1 - 2003
N2 - 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.
AB - 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.
U2 - 10.1080/00220380412331293767
DO - 10.1080/00220380412331293767
M3 - Article
VL - 40
SP - 55
EP - 69
JO - Journal of Development Studies
JF - Journal of Development Studies
SN - 0022-0388
IS - 2
ER -