|
Comparing and Finding the Linkage Between Indigenous-Operated and Foreign-Ivested Hotels in Thailand |
|---|---|
| รหัสดีโอไอ | |
| Creator | Chayanon Phucharoen |
| Title | Comparing and Finding the Linkage Between Indigenous-Operated and Foreign-Ivested Hotels in Thailand |
| Publisher | Faculty of Economics, Chulalongkorn University |
| Publication Year | 2561 |
| Journal Title | Southeast Asian Journal of Economics |
| Journal Vol. | 6 |
| Journal No. | 1 |
| Page no. | 43-69 |
| Keyword | FDI spillover effects, DEA, Hotel productivity, FDI in serviceindustries, Firm performance |
| URL Website | http://www.econ.chula.ac.th/public/publication/journal/sajehome.php |
| Website title | Southeast Asian Journal of Economics |
| ISSN | 2465-5120 |
| Abstract | Since the 1997 economic crisis, tourism related industries have playedone of the major roles in Thailand GDP. Despite the vigorous role, the empiricalstudies of firm's performances in the Thai hospitality industry are relativelylimited. With firm-level data using the DEA (Data envelopment approach)efficiency estimating approach, this paper investigates FDI spillover effectsin the hospitality industry. In addition, this paper backwardly examines thequestion of whether foreign-invested hotels actually outperform indigenouslyoperated hotels. We find some evidence of labor productivity and efficiencygaps between these two groups of firms. Only foreign-operated resorts, nottypical hotels, are found to have higher labor productivity and superior efficiencythan their local counterparts. Results from spillover part indicate positiveexternalities from foreign-invested to locally operated hotels, especially in thenon-tourist destinations and particularly through the labor mobility channel.Interestingly, a positive relationship between performance and foreign guestintensity of hotels are consistently found throughout our study |
