IDEAS home Printed from https://ideas.repec.org/a/bco/mbraaa/v4y2017p169-178.html
   My bibliography  Save this article

Location and key success factors of special economic zone in Thailand

Author

Listed:
  • Patcharee Pakdeenurit

    (University of the Thai Chamber of Commerce, Bangkok, Thailand)

  • Nanthi Suthikarnnarunai

    (University of the Thai Chamber of Commerce, Bangkok, Thailand)

  • Wanchai Rattanawong

    (University of the Thai Chamber of Commerce, Bangkok, Thailand)

Abstract

This paper proposes a selection of different types of Special Economic Zone (SEZ) in Thailand. Following this, the locations and key success factors of SEZs in Thailand are also provided. The first part of the paper presents all factors that are analytical or essential to the success of all types of SEZ in the world by re-examining all literature which can be found in most of the academic databases. All of those factors from the review then underwent the correlation test. The regression model with Ordinary Least Square method is created in this step. The result of the test indicated that there are eight factors which were found to be correlated to the success or survival of SEZs around the world. These eight factors are location advantage and macroeconomic of the country, industrial investment support, investment cost and value of trade, skill levels and availability of human resource, management and service, government policies, law and regulation, and stability and consistency of the government. Twenty-eight provinces from seventy-seven provinces across the country in Thailand were then selected because of two reasons, namely the government policy in promoting special economic area in Thailand and the consensus of experts from Delphi Technique. Lastly, all selected provinces are tested using the model provided in the mentioned steps. The results reveal that the most appropriate types of SEZ in Thailand are the Export Processing Zone, Specialized Zone, and Freeport Zone. The research indicates that Bangkok, Trat, Pathumthani, Chonburi, Phuket, Suratthani, Udonthani, and Srakaew are the eight provinces which have such perfect environments and factors that contribute to the success of SEZ in Thailand.

Suggested Citation

  • Patcharee Pakdeenurit & Nanthi Suthikarnnarunai & Wanchai Rattanawong, 2017. "Location and key success factors of special economic zone in Thailand," Marketing and Branding Research, EUROKD, vol. 4(2), pages 169-178.
    • Handle: RePEc:bco:mbraaa::v:4:y:2017:p:169-178
    DOI: 10.33844/mbr.2017.60355
    as

    Download full text from publisher

    File URL: https://api.eurokd.com/Uploads/Article/826/mbr.2017.60355.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.33844/mbr.2017.60355?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Christian David Dick & Qingwei Wang, 2010. "The economic impact of the Olympic Games: evidence from stock markets," Applied Economics Letters, Taylor & Francis Journals, vol. 17(9), pages 861-864.
    2. Tsuneishi, Takao, 2008. "Development of Border Economic Zones in Thailand: Expansion of Border Trade and Formation of Border Economic Zones," IDE Discussion Papers 153, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    3. Jiang, Bing & Sun, Zhenqing & Liu, Meiqin, 2010. "China's energy development strategy under the low-carbon economy," Energy, Elsevier, vol. 35(11), pages 4257-4264.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chia-Lin Chang & Shu-Han Hsu & Michael McAleer, 2018. "An Event Study Analysis of Political Events, Disasters, and Accidents for Chinese Tourists to Taiwan," Sustainability, MDPI, vol. 10(11), pages 1-77, November.
    2. Garfield Wayne Hunter & Gideon Sagoe & Daniele Vettorato & Ding Jiayu, 2019. "Sustainability of Low Carbon City Initiatives in China: A Comprehensive Literature Review," Sustainability, MDPI, vol. 11(16), pages 1-37, August.
    3. Luo, Xianglong & Zhang, Bingjian & Chen, Ying & Mo, Songping, 2012. "Operational planning optimization of multiple interconnected steam power plants considering environmental costs," Energy, Elsevier, vol. 37(1), pages 549-561.
    4. Lam, J. & Cheung, L. & Han, Y. & Wang, S., 2018. "China’s Response to Nuclear Safety Post-Fukushima: Genuine or Rhetoric?," Cambridge Working Papers in Economics 1866, Faculty of Economics, University of Cambridge.
    5. Jin Zhu & Dequn Zhou & Zhengning Pu & Huaping Sun, 2019. "A Study of Regional Power Generation Efficiency in China: Based on a Non-Radial Directional Distance Function Model," Sustainability, MDPI, vol. 11(3), pages 1-18, January.
    6. Geng, Jiang-Bo & Ji, Qiang, 2014. "Multi-perspective analysis of China's energy supply security," Energy, Elsevier, vol. 64(C), pages 541-550.
    7. Peng Tong & Chao Zhao & Huaqing Wang, 2019. "Research on the Survival and Sustainable Development of Small and Medium-Sized Enterprises in China under the Background of Low-Carbon Economy," Sustainability, MDPI, vol. 11(5), pages 1-17, February.
    8. Krystian M. Zawadzki & Marcin Potrykus, 2023. "Stock Markets’ Reactions to the Announcement of the Hosts. An Event Study in the Analysis of Large Sporting Events in the Years 1976–2032," Journal of Sports Economics, , vol. 24(6), pages 759-800, August.
    9. Fang, Yiping & Deng, Wei, 2011. "The critical scale and section management of cascade hydropower exploitation in Southwestern China," Energy, Elsevier, vol. 36(10), pages 5944-5953.
    10. Liang Cheng & Zhaolong Ge & Jiufu Chen & Hao Ding & Lishuang Zou & Ke Li, 2018. "A Sequential Approach for Integrated Coal and Gas Mining of Closely-Spaced Outburst Coal Seams: Results from a Case Study Including Mine Safety Improvements and Greenhouse Gas Reductions," Energies, MDPI, vol. 11(11), pages 1-16, November.
    11. Chang, C-L. & Hsu, S.-H. & McAleer, M.J., 2018. "An Event Study of Chinese Tourists to Taiwan," Econometric Institute Research Papers 2018-003/III, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    12. jia, Teng & Huang, Junpeng & Li, Rui & He, Peng & Dai, Yanjun, 2018. "Status and prospect of solar heat for industrial processes in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 475-489.
    13. Xiaoye Jin & Meiying Li & Fansheng Meng, 2019. "Comprehensive Evaluation of the New Energy Power Generation Development at the Regional Level: An Empirical Analysis from China," Energies, MDPI, vol. 12(23), pages 1-15, December.
    14. Zhao, Kunjie & Xu, Yanhe & Guo, Pengcheng & Qian, Zhongdong & Zhang, Yongchuan & Liu, Wei, 2022. "Multi-scale oscillation characteristics and stability analysis of pumped-storage unit under primary frequency regulation condition with low water head grid-connected," Renewable Energy, Elsevier, vol. 189(C), pages 1102-1119.
    15. Krzysztof Nowak & Sławomir Rabczak, 2020. "Technical and Economic Analysis of the External Surface Heating System on the Example of a Car Park," Energies, MDPI, vol. 13(24), pages 1-15, December.
    16. Ali, Ghaffar & Abbas, Sawaid & Mueen Qamer, Faisal, 2013. "How effectively low carbon society development models contribute to climate change mitigation and adaptation action plans in Asia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 26(C), pages 632-638.
    17. Li, Jin & Hu, Shanying, 2017. "History and future of the coal and coal chemical industry in China," Resources, Conservation & Recycling, Elsevier, vol. 124(C), pages 13-24.
    18. Li, Yajun & Xia, Yan, 2013. "DES/CCHP: The best utilization mode of natural gas for China’s low carbon economy," Energy Policy, Elsevier, vol. 53(C), pages 477-483.
    19. Bian, Yiwen & He, Ping & Xu, Hao, 2013. "Estimation of potential energy saving and carbon dioxide emission reduction in China based on an extended non-radial DEA approach," Energy Policy, Elsevier, vol. 63(C), pages 962-971.
    20. Weixing Liu & Hongtao Yi, 2020. "What Affects the Diffusion of New Energy Vehicles Financial Subsidy Policy? Evidence from Chinese Cities," IJERPH, MDPI, vol. 17(3), pages 1-15, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bco:mbraaa::v:4:y:2017:p:169-178. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sara Gunen (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.