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Is the Vertical FDI Model of Korea Sustainable? : 한국의 수직적 해외투자모델은 지속 가능한가?
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | 안덕근 | - |
dc.contributor.author | 박유미 | - |
dc.date.accessioned | 2017-07-14T07:03:12Z | - |
dc.date.available | 2017-07-14T07:03:12Z | - |
dc.date.issued | 2015-02 | - |
dc.identifier.other | 000000024905 | - |
dc.identifier.uri | https://hdl.handle.net/10371/126266 | - |
dc.description | 학위논문 (석사)-- 서울대학교 국제대학원 : 국제학과, 2015. 2. 안덕근. | - |
dc.description.abstract | The aim of this thesis is to analyze the changing relationship between Korean outbound FDI and the intermediate exports over time. The earlier studies regarding the impact of FDI on the home country‟s exports have been determining if it is a substitute or a complement. Recent Korean studies generally confirmed the positive relation between FDI outflow and trade, characterizing Korean outbound FDI as 'vertical FDI'. However, these previous studies have not considered the fact that this
effect cannot be fixed, and a transition from 'vertical FDI' to 'horizontal FDI' could appear if the circumstance changes. To complement this limitation, this paper examines whether the transition from 'vertical FDI' to 'horizontal FDI' happened or not in the Korean manufacturing sector over previous decade. First, how the correlation between 'Korean outbound FDI' and 'Korean intermediate exports' changes from 2001 to 2010 is analyzed.Afterward, how the factors like 'the host country market condition' and 'the investor's condition' affect the trend of this linkage is also examined. The 'least square model' analysis, using panel data from 40 countries and 14 manufacturing industries, show that the vertical specialization and the complementary impact of the outbound FDI have been intensified in the Korean manufacturing sector as a whole. However, in the industry-wise analysis, 11 among 14 industries have experienced the transition from 'vertical FDI' to 'horizontal FDI' while the FDI of 3 industries, taking 40% of the total outbound FDI on average, have displayed an opposite trend. As for the investor's size, the correlation between the outbound FDI of big investors and Korean intermediate exports has been weakened while the opposite has been seen in the small investors' cases. This empirical result implies that the transition from 'vertical FD' to 'horizontal FDI' generally happens in the analysis of industry dimension, and that it is also possible to sustain 'vertical FDI' depending on 'the success of effort to secure the comparative advantage in the high value stages' and 'the drastic increase of world demand for that industry's products'. Furthermore, it can be said that if this vertical FDI takes a majority portion in the whole FDI composition, it can make the whole outbound FDI trend in country level vertically specialized. | - |
dc.description.tableofcontents | ABSTRACT
CHAPTER I. INTRODUCTION 1.1. Background 1.2. Recent Trends CHAPTER II. LITERATURE REVIEW 2.1. How to Define „Vertical FDI?‟ 2.2. What Happens in the linkage between the Outbound FDI and the Vertical Trade? 2.2.1. Theoretical Review 2.2.2. Empirical Review CHAPTER III. THE LINKAGE BETWEEN THE OUTBOUND FDI & THE VERTICAL TRADE 3.1. Research Question and Hypothesis 3.2. Methodology 3.2.1. Basic Regression Equation 3.2.2. Regression Equations about the Factors Affecting the Linkage 3.2.3. Overall Variables CHAPTER IV. Empirical Analysis & Finding 4.1. The Linkage between the Outbound FDI and the Vertical Trade 4.2. The Factors Affecting the Linkage CHAPTER V. CONCLUSION BIBLOGRAPHY KOREAN ABSTRACT | - |
dc.format | application/pdf | - |
dc.format.extent | 1170771 bytes | - |
dc.format.medium | application/pdf | - |
dc.language.iso | en | - |
dc.publisher | 서울대학교 대학원 | - |
dc.subject | Home country effect of FDI | - |
dc.subject | Vertical FDI | - |
dc.subject | Horizontal FDI | - |
dc.subject.ddc | 327 | - |
dc.title | Is the Vertical FDI Model of Korea Sustainable? | - |
dc.title.alternative | 한국의 수직적 해외투자모델은 지속 가능한가? | - |
dc.type | Thesis | - |
dc.contributor.AlternativeAuthor | Yumi Park | - |
dc.description.degree | Master | - |
dc.citation.pages | 39 | - |
dc.contributor.affiliation | 국제대학원 국제학과 | - |
dc.date.awarded | 2015-02 | - |
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