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Abstract:
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This was to study the impact of foreign direct investment on labour productivity in the service sector in Thailand. The main objectives are to study the labour in the service sector structure and the effects of foreign direct investment affecting the labour productivity of the country in 4 branches, Hotels and restaurants. Transport and communication, Finance and banking, And commercial real estate sectors. The research uses secondary data from quarterly since 2544-2556, which included a total of 13 years and the estimation by Bayesian Vector Autoregression (BVAR).
The research results showed that labour productivity in the commercial real estate is not correlated with other variables studied. While the gross domestic product (GDP) and the stock exchange of Thailand. As a result, the finance and banking labour productivity index in the same direction. That higher liquidity in the real sector and money market inevitably make to higher skilled labour banking sector as well as specialization in transactions has increased. However, the changes in gross domestic product increased make the labour productivity index of hotels and restaurants sector decreased. That the increase in gross domestic product to attract foreign capital, which resulted in the Baht appreciation and have to affect the travel and tourism directly. However, the changes in labour productivity and financial services index rose. As a result, the index of labour productivity in transport and communication sectors higher.
Key word: Foreign Direct Investment, labour Productivity, Service Sector, Bayesian, Bayesian Vector Autoregression
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