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The impact of foreign direct investment on economic growth : A case study of South Korea

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  • The impact of foreign direct investment on economic growth
  • Koojaroenprasit, Sauwaluck
  • Center for Promoting Ideas


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Title The impact of foreign direct investment on economic growth
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Sub Title

A case study of South Korea

Material Type Articles
Author(English)

Koojaroenprasit, Sauwaluck

Publisher

[Radford]:Center for Promoting Ideas

Date 2012-11
Journal Title; Vol./Issue International Journal of Business and Social Science:vol.3(no. 21)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Conditions
Economy < Direct Investment
Holding Center for Promoting Ideas

Abstract

The purpose of this paper is to explore the impact of Foreign Direct Investment (FDI) on economic growth in South Korea. In this study I use the secondary data. This study covers the time period from 1980-2009. This study attempts to determine empirical impact of FDI on South Korean economy using macroeconomic annual time series data. FDI, domestic investment, employment, export and human capital are considered as the endogenous variables for economic growth. The multiple regression are employed in this study. This study finds that there is a strong and positive impact of FDI on South Korean economic growth. Furthermore, the study indicates that human capital,
employment and export also have positive and significant impact, while domestic investment has no significant impact on South Korean economic growth. (The rest omitted)

User Note

This paper is a revised version of the one presented at the Conference on Economic and Financial System Development in the
Pacific-Rim, May 16-19, 2012, Honolulu, Hawaii.