Research on location selection and mechanism of Thailand's OFDI from the perspective of distance
As one of the world's major emerging economies,Thailand's influence in OFDI has been expanding,and its geographical distribution has become increasingly diversified,which is representative.Based on this,analyzing Thai OFDI's temporal and spatial evolution characteris-tics from 2009 to 2019,the stepwise regression method is used to test the impact of the four-di-mensional distance of geography,economy,system and culture on the location selection of Thai OFDI,in order to provide theoretical and practical reference for optimizing the location selection of developing countries.The results show that:(1)the OFDI flow in Thailand shows a fluctuat-ing upward trend.But the investment flow decreased significantly from 2014 to 2015 and 2019 due to domestic political turmoil,large-scale divestment of individual enterprises and other fac-tors.(2)While maintaining a large amount of investment in traditional advantageous industries,Thailand has actively expanded its investment industry,but the overall investment structure is at a lower level.(3)With the expansion of the scale of Thailand's OFDI,its location choices around the world are more diverse,showing a trend of radiation diffusion to central and Western Asia,Africa and South America.The spatial imbalance has weakened,but the overall is still prominent.(4)Geographical distance significantly inhibits the location choice of Thai OFDI,while economic distance plays a positive role in the choice of OFDI.Different from the research results based on developed countries,Thai investors tend to host countries(regions)with large institutional distance,and cultural distance has little impact on them.In view of this,developing countries in similar situations with Thailand should fully consider the influence of distance,weaken the blocking effect of geographical distance on OFDI,and actively improve their own economic development level and political stability.
Foreign Direct Investment(FDI)multidimensional distancelocation selectionspatiotemporal evolutionThailand
NETL
NSTL
万方数据
