Determinants of Foreign Direct Investment in Thailand

Abstract

Before the 1997 Asian Financial Crisis, Thailand had the fastest growing level of foreign direct investment (FDI) inflows amongst Asian economies. The general objective of this research is to evaluate the determinants of FDI investment in Thailand post the 1997 crisis; our empirical investigation of the determinants of Thailand's FDI relates to the period 1998–2008. The end of this period also covers the global financial crisis of 2007–2008; the effects of this crisis on FDI generally may be premature to judge given that most FDI projects have lead times ranging from 12 to 18 months. The chapter also provides an update covering the latest available FDI data by comparing 2008–2009 quarter 1 FDI flows both regionally and for Thailand.

Citation

Daly, K. and Tosompark, C.T. (2011), "Determinants of Foreign Direct Investment in Thailand", Batten, J.A. and Szilagyi, P.G. (Ed.) The Impact of the Global Financial Crisis on Emerging Financial Markets (Contemporary Studies in Economic and Financial Analysis, Vol. 93), Emerald Group Publishing Limited, Leeds, pp. 709-718. https://doi.org/10.1108/S1569-3759(2011)0000093026