Business, Management and Accounting
a year ago

Outward foreign investment from ASEAN boosts Thailand's economic growth.

The relationship between growth rate and outward foreign dierct investment of Thailand
Chonlakorn Kliakaew

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The article examines the connection between Thailand's growth rate and its outward foreign direct investment to ASEAN and Europe. They used data from 2005 to 2021 and a two-stage least squares model for analysis. The findings show that outward foreign investment to ASEAN affects Thailand's GDP and gross fixed capital formation. However, foreign investment to Europe does not impact GDP or economic growth measures like gross fixed capital formation.