Panutat Satchachai; Kornkarun Cheewatrakoolpong - In: Thailand and the world economy 44 (2026) 1, pp. 62-89
The problem with FDI flows is that zero or negative flows are being ignored or handled differently. This paper modifies the heterogeneous firm model proposed by Helpman et al. (2008) and examines the determinants of the bilateral outward foreign direct investment (FDI) flows. Given the...