상해 자유무역지역(FTZ)의 특성이 해외직접투자(FDI) 유입에 미치는 영향 = 시장 환경과 자유무역협정(FTA) 인식의 조절효과를 중심으로

다국어 초록 (Multilingual Abstract)

Pudong, is a district of Shanghai in China, has the leadership in economic development through a wide-ranging external opening and foreign direct investment (FDI) since the 1990s. The Chinese government has established Shanghai Free Trade Zone (FTZ) in the northeastern part of Pudong New Area, aimed at creating favorable business climate for foreign investors, as a measure to cope with the current economic downturn and a continued drop in international competitiveness caused by the global financial crisis.
This empirical study targeted the Korean firms engaged in newly-built Shanghai FTZ, and employed the external factors around the firms, embracing infrastructure (Infra), tax and tariff system (Incentive), regulatory regime (Openness) and investment policy (Simplification of the investment procedures), as determinants of inward FDI. The local market environment and the perception of Free Trade Agreement (FTA) were used as moderating variables in our empirical model. The results showed that Incentive and Openness have positively significant effects on inward FDI, while partly accepting the perception of FTA as a moderator.