Foreign trade regimes and the FDI-growth nexus: A case study of Thailand

Archanun Kohpaiboon*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

80 Citations (Scopus)

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
Number of pages15
JournalJournal of Development Studies
Volume40
Issue number2
DOIs
Publication statusPublished - Dec 2003

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