Foreign trade regimes and the FDI–Growth Nexus: a case study of Thailand
通过泰国1970-1999年数据，研究贸易政策体制如何影响外商直接投资对经济增长的作用，发现出口导向型体制下FDI的促进效果更强。
Abstract: This paper 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 1970-1999. 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.