국내 외국인직접투자의 투자형태별 생산성 파급효과 분석

다국어 초록 (Multilingual Abstract)

This study aims to analyze the productivity spillover effect of inward foreign directive investment in Korea by FDI mode and present some policy implications to improve the policy in order to increase FDI into Korea. To overcome the limitations of previous studies on this subject, a dynamic panel model is set up in this study using the System Generalized Method of Moment (System GMM) with the aggregated FDI data by industry and by mode, i.e. Greenfield-type and M&A-type FDI. This study shows that inward FDI in Korea has a significantly positive productivity spillover effects, with the effects of Greenfield-type FDI being greater in terms of productivity than M&A-type FDI, considering the overall effect including intra-industry and inter-industry effects. It also shows that total inward FDI as well as each mode of that investment causes significant intra-industry spillover effects. In particular, the effect is greater when FDI for upstream and downstream industries includes service industries. Moreover, Greenfield-type FDI leads to inter-industry linkage effects, while M&A-type FDI does not. Based on this analysis, we draw out implications for FDI policies of the Korean Government. First, Korea's FDI policy needs to remain active in order to continuously improve the productivity of the domestic industry. Second, The effort to improve the investment environment in Korea will have to focus on increasing Greenfield-type FDI in terms of productivity spillover effects. Last, it is necessary to take further liberalization actions for FDI, as well as improve the investment incentive system related to service industries in light of the direct and indirect linkage effects upon productivity by FDI.

목차 (Table of Contents)

• 국문요약
• 제1장 서론
• 1. 연구의 필요성 및 목적
• 2. 선행연구와의 차별성
• 제2장 투자형태별 FDI 동향
• 1. 개요
• 2. 연도별 FDI 추이
• 3. 산업별 FDI 추이
• 제3장 분석 모형 및 자료
• 1. 분석모형
• 2. 분석자료
• 제4장 분석결과
• 제5장 결론 및 시사점
• 참고문헌
• 부록
• Executive Summary