Foreign Direct Investment and Trade in the Asia-Pacific Region

• 영문명: Foreign Direct Investment and Trade in the Asia-Pacific Region: Complementarity, Distance and Regional Economic Integration
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Susan F. Stone Bang Nam Jeon
• 간행물 정보: 『Journal of Economic Integration』제15권 제3호, 460~485쪽, 전체 26쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2000.09.30

영문 초록

This paper investigates the relationship between FDI and trade in the Asia-Pacific economies by examining the bilateral flows of trade and FDI in a cross-sectional study. The estimation results based on the gravity model show a significant and positive relationship between trade and FDI, implying a complementary relationship. Estimated coefficients also imply that trade has a larger impact on FDI flows than such investment has on bilateral trade flows. It is evident that the distance between the home country and the host country is a significant resistance factor for trade, but not for FDI. The estimation results also suggest that the formation of APEC in 1989 has enhanced economic inter-dependence in trade, though not FDI yet, in the Asia-Pacific region.

목차

Ⅰ.Introduction

Ⅱ.The Inter-linkage between Trade and FDI

Ⅲ.The Model and the Data

Ⅳ.Empirical Evidence

Ⅴ.Conclusions

키워드

Complementarity Between FDI AND Trade APEC