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목차
Ⅰ. 서론
Ⅱ. 외국인 직접투자의 국제무역에 대한 효과
Ⅲ. 외국인 직접투자와 국제무역의 흐름에 관한 추이와 실증분석
Ⅳ. 결론
Ⅱ. 외국인 직접투자의 국제무역에 대한 효과
Ⅲ. 외국인 직접투자와 국제무역의 흐름에 관한 추이와 실증분석
Ⅳ. 결론
본문내용
ional Trade and Factor Mobility”, American Economic Review 47, pp.321-335.
Pfaffermayr, M., 1994, “Foreign Direct Investment and Exports: A Time Series Approach”, Applied Economics 26, pp.337-351.
Purvis, D. D., 1972, “Technology, Trade and Factor Mobility”, Economic Journal 82, pp.991-999.
Robock, S. H. and Simmonds K., 1989, International Business and Multinational Enterprises 4th Ed., Irwin.
Svensson, L. E. O., 1984, “Factor Trade and Goods Trade,” Journal of International Economics 16, pp.365-378.
Wong, K., 1986, “Are International Trade and Factor Mobility Sustitutes?”, Journal of International Economics 21, pp. 25-44.
--------, 1995, International Trade in Goods and Factor Mobility, The MIT Press, pp.139-194.
Yamawaki, H., 1991, “Exports and Foreign Distributional Activities: Evidence on Japanese Firms in the United States,” Review of Economics and Statistics 73, pp.294-300.
Abstract
The Effects of Inward Foreign Direct Investment
on International Trade in Korea
Moon-Hyun Jung
The growing interests are made in the inflows of the foreign direnct investment(FDI) to Korea in the aftermath of the currency and fincical crises which are faced at the end of 1997, because it has been experienced that the exogenous reversals in foreign capital availablity can lead to severe consequences for the structure of the country's production/trade and welfare of its citizens. Thus, it is important to examine the effect of the inward FDI on international trade for understanding its relationship with the production efficiencies in domestic industries.
In this paper I make an attempt to investigate whether the FDI inflows to Korea has the negative and positive effects on its exports. The OLS and panel estimations are made for the manufacturing industry data over the period 1966 to 1997. In the panel estimations for total manufacturing it is found that there is a positive relationship between the inward FDI and exports, which means that this inflows increases exports. But its incremental effects are evaluated not to be large as the FDI coefficient is estimated as the value of 0.038. This relationship is obtained for both the labour intensive and domestic demand industries, but no relationship is given for both the capital intensive and exports industries. In the OLS estimations there exists the positive relationship between the inward FDI and exports for the papers and medicals industries, but reveral results are shown for the metals industy. For the rest of industries this relationship is not shown.
In the estimation results it is difficult to draw a clear conclusion of the FDI effects on Korean trade as no close relationship is found for the estimation of most individual industries. One reason for this is because the proportion of the FDI to Korean GDP is not large in comparison with the other developing countries due to the wrong recognitions of its inflows. Another reason is that Korea's government has not made a sytematic stragegy for the FDI inflows.
Pfaffermayr, M., 1994, “Foreign Direct Investment and Exports: A Time Series Approach”, Applied Economics 26, pp.337-351.
Purvis, D. D., 1972, “Technology, Trade and Factor Mobility”, Economic Journal 82, pp.991-999.
Robock, S. H. and Simmonds K., 1989, International Business and Multinational Enterprises 4th Ed., Irwin.
Svensson, L. E. O., 1984, “Factor Trade and Goods Trade,” Journal of International Economics 16, pp.365-378.
Wong, K., 1986, “Are International Trade and Factor Mobility Sustitutes?”, Journal of International Economics 21, pp. 25-44.
--------, 1995, International Trade in Goods and Factor Mobility, The MIT Press, pp.139-194.
Yamawaki, H., 1991, “Exports and Foreign Distributional Activities: Evidence on Japanese Firms in the United States,” Review of Economics and Statistics 73, pp.294-300.
Abstract
The Effects of Inward Foreign Direct Investment
on International Trade in Korea
Moon-Hyun Jung
The growing interests are made in the inflows of the foreign direnct investment(FDI) to Korea in the aftermath of the currency and fincical crises which are faced at the end of 1997, because it has been experienced that the exogenous reversals in foreign capital availablity can lead to severe consequences for the structure of the country's production/trade and welfare of its citizens. Thus, it is important to examine the effect of the inward FDI on international trade for understanding its relationship with the production efficiencies in domestic industries.
In this paper I make an attempt to investigate whether the FDI inflows to Korea has the negative and positive effects on its exports. The OLS and panel estimations are made for the manufacturing industry data over the period 1966 to 1997. In the panel estimations for total manufacturing it is found that there is a positive relationship between the inward FDI and exports, which means that this inflows increases exports. But its incremental effects are evaluated not to be large as the FDI coefficient is estimated as the value of 0.038. This relationship is obtained for both the labour intensive and domestic demand industries, but no relationship is given for both the capital intensive and exports industries. In the OLS estimations there exists the positive relationship between the inward FDI and exports for the papers and medicals industries, but reveral results are shown for the metals industy. For the rest of industries this relationship is not shown.
In the estimation results it is difficult to draw a clear conclusion of the FDI effects on Korean trade as no close relationship is found for the estimation of most individual industries. One reason for this is because the proportion of the FDI to Korean GDP is not large in comparison with the other developing countries due to the wrong recognitions of its inflows. Another reason is that Korea's government has not made a sytematic stragegy for the FDI inflows.