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What Role does China’s Outward Foreign Direct Investment Play in Economic Growth of Korean Peninsula?

Baek-Ryul CHOI|Renhong WU|하육강|Jingnan WANG
통일학연구원 (Ewha Institute of Unification Studies)|2020.08|Journal of Peace and Unification|제10권 제2호|pp. 21-48|DOI 10.31780/jpu.2020.10.2.21

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키워드

Economic GrowthKorean PeninsulaChina’s outward Foreign Direct InvestmentAuto-regressive Distributed Lag Model

초록

This paper contributes to the present research stream by exploring the effect of China’s OFDI over the period 2003-2019 in the case of Korean peninsula. On account of the auto-regressive distributed lag model and Granger causality approach of vector error correction, an inference is drawn that China’s OFDI significantly contributes to the economic growth in Korean peninsula whenever in the short run and long run. However, this kind of contribution is asymmetric in which the contribution of China’s OFDI to North Korea’s economic growth is greater than that of South Korea. Moreover, the long-run causality results originate the bi-directional causality between China’s OFDI and economic growth in Korean peninsula.

Abstract

This paper contributes to the present research stream by exploring the effect of China’s OFDI over the period 2003-2019 in the case of Korean peninsula. On account of the auto-regressive distributed lag model and Granger causality approach of vector error correction, an inference is drawn that China’s OFDI significantly contributes to the economic growth in Korean peninsula whenever in the short run and long run. However, this kind of contribution is asymmetric in which the contribution of China’s OFDI to North Korea’s economic growth is greater than that of South Korea. Moreover, the long-run causality results originate the bi-directional causality between China’s OFDI and economic growth in Korean peninsula.

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관련 논문AI추천

Economic Growth and Trade of North Korea with China: Cointegration and Granger Causality Test정승호한국비교경제학회 · 비교경제연구2016 · 제23권 제2호Empirical Evidence on the Relationship between Foreign Direct Investment and Economic Growth: A Cross-Country Exploration in AsiaKumarjit Mandal, Samrat Roy경제연구소 · Seoul Journal of Economics2012 · 제25권 제4호중국과의 무역이 북한 경제성장률에 미치는 영향: 랴오닝성을 중심 으로김영민, 범효정경영경제연구소 · 아태비즈니스연구2022 · 제13권 제3호Economic Developments of Korea and China: Focusing on Role of FDI이두원경제연구소 · Journal of Economic Research (JER)2003 · 제8권 제1호Determinants of FDI Inflows to South Korea: Impact of Political Factor김하얌동아시아국제정치학회 · 국제정치연구2025 · 제28권 제2호Revisiting the Effect of FDI on Economic Growth using Quantile Regression김윤미, 김태환, Lijuan Huo한국국제통상학회 · 국제통상연구2015 · 제20권 제3호

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