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Home Country Effects of Foreign Direct Investment : from a Small Economy to a Large Economy
| Content Provider | Semantic Scholar |
|---|---|
| Author | Lee, Hyunok Tsui, H. Y. |
| Copyright Year | 2008 |
| Abstract | Since the beginning of the 1990s 10% of the world FDI (foreign direct investment) flows into the developing country of China. China’s official statistics of FDI stock accumulated to 2005 indicate up to 57% of China’s inward capitals are contributed by only the Asian Four Tigers. Previous studies on home country effects mainly focused on FDI from large developed economies, such as the U.S. and Japan, to other countries. But China is a relatively larger economy than its investors and many of these investors are not classified as “developed economies.” A simple Ak type model implies that a small and more developed country investing in a large and less developed country will experience decreases in both employment and income disparity (compared to the recipient country) as the less-developed recipient country gains the higher technology of production through FDI inflows. The empirical results for the Four Tigers (source countries) and China (recipient country) are consistent with our theoretical model of FDI outflows. We also find that FDI outflows to China decrease the ratio of exports to GDP only for small source countries, even though a higher investment in China raises the share of these countries’ exports-to-China to China's total imports. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://bioagri.agec.ntu.edu.tw/ecmeeting/02/A2-2-081.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Binocular disparity Classification Direct inward dial Fault detection and isolation Flexible Display Interface Flow Guanosine Diphosphate Large Theory Tigers |
| Content Type | Text |
| Resource Type | Article |
