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Taking the Thai trail: Attracting FDI via macro-level policy

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  • Wattanadumrong, Bhagaporn
  • Collins, Alan
  • Snell, Martin C.

Abstract

This study reports on the establishment of an extensive and detailed composite dataset to support country-level econometric studies of FDI in Thailand. This has permitted investigation in detail, for the first time, of the key macroeconomic determinants of FDI in Thailand over the period 1970–2004. In particular, the influence of interest rates, exchange rates, volumes of trade, wage rates and geographical distance on FDI were considered and the results are reviewed in the context of other country studies.

Suggested Citation

  • Wattanadumrong, Bhagaporn & Collins, Alan & Snell, Martin C., 2014. "Taking the Thai trail: Attracting FDI via macro-level policy," Journal of Policy Modeling, Elsevier, vol. 36(6), pages 1135-1151.
  • Handle: RePEc:eee:jpolmo:v:36:y:2014:i:6:p:1135-1151
    DOI: 10.1016/j.jpolmod.2014.11.002
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    Cited by:

    1. Shinta R. I. Soekro & Triono Widodo, 2015. "Mapping And Determinants Of Intra-Asean Foreign Direct Investment (FDI): Indonesia Case Study," Working Papers WP/12/2015, Bank Indonesia.

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    More about this item

    Keywords

    Foreign direct investment; Thailand; Pooled data; GMM;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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