개발도상국 해외직접투자 유치 입지결정요인
Locational Determinants of FDI in Developing Countries
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초록
본 연구에서는 개발도상국 해외투자 입지 결정요인을 실증 분석하였다. 분석의 결과 입지요인인 피투자국 시장규모, 경제 발전 정도, 경제성장율, 인적자본의 질, 경제의 개방도, 현지시장 매력요인의 대위변수인 현재 외국인 투자 유치액등은 해외투자 유치에 정의 영향을 미치는 요인으로 나타났다. 수정된 중력 모형에서 중요변수인 피투자국의 모든 투자국들로 부터의 상대적인 시장가중치를 감안한 원격성은 낮을수록 해외투자 유치가 활발한 것으로 나타나고 있어 거래비용이나 현지시장 친숙도가 중요한 해외투자 고려 요인임을 알 수 있었다.
Abstract
This study examined location determinants of FDI inflows in developing countries. I proposed and test modified gravitiy model empirically that include host country locational determinants, gravity link variable and home country control variable. The main findings are: countries with a larger market size, faster economic growth, higher per capita income, higher quality of human capital, higher level of foreign stock and more liberalized economic regime attracted relatively more FDI inflows.
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