Foreign Capital, Infrastructure, and Migrant Remittances as Catalysts of Economic Growth in Thailand: An ARDL Perspective

DOI: https://doie.org/10.10399/APER.2025576733

Authors:

Sunder, Dr Vandana Arya, Rohtash Bhall, Ravinder Verma

Keywords:

Remittances, FDI, Growth, ARDL, Thailand, Infrastructure development

Abstract:

This research aims to examine the relationship between migrant remittances and economic growth in Thailand from 2000 to 2024. The study employs the Autoregressive Distributed Lag (ARDL) model to analyse both long-term and short-term effects of migrant remittances on economic growth. The findings indicate a long-term connection between remittances and economic growth in Thailand. Additionally, the long-term and short-term estimators demonstrate that remittances, FDI and infrastructure development have positively influenced the economic growth of Thailand. The study points out that Thailand is required to boost FDI and Infrastructure development for economic growth.

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