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

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.