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Please use this identifier to cite or link to this item: http://hdl.handle.net/2344/929

タイトル: The role of home and host country characteristics in FDI: firm-level evidence from Japan, Korea and Taiwan
著者: Hayakawa, Kazunobu
Lee, Hyun-Hoon
Park, Donghyun
早川, 和伸
キーワード: FDI
Multinational firm
Firm heterogeneity
Foreign investments
International business enterprises
Industrial management
Productivity
Issue Date: Dec-2010
出版者: Institute of Developing Economies, JETRO
引用: IDE Discussion Paper. No. 267. 2010.12
抄録: There is a large and growing empirical literature that investigates the determinants of outward foreign direct investment (FDI). This literature examines primarily the effect of host country characteristics on FDI even though home country characteristics also influence the decision of firms to invest abroad. In this paper, we examine the role of both host and home country characteristics in FDI. To do so, we constructed a firm-level database of outward FDI from Japan, Korea, and Taiwan. Our empirical analysis yields two main findings. First, host countries with better environment for FDI, in terms of larger market size, smaller fixed entry costs, and lower wages, attract more foreign investors. Second, firms from home countries with higher wages are more likely to invest abroad. An interesting and significant policy implication of our empirical evidence is that policymakers seeking to promote FDI inflows should prioritize countries with higher wages.
URI: http://hdl.handle.net/2344/929
Appears in Collections:04.IDE Discussion Paper
01.経済、産業(Economy and Industry)/東アジア(East Asian Studies)

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