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外國人 直接投資에 대한 硏究 : 對外經濟證屬이 經濟成長과 所得分配에 미치는 影響에 관한 實증硏究
徐東錫,金洙槿,宋燮瑋,金喆煥 亞洲大學校 1985 論文集 Vol.8 No.-
Dependency theory claims that economic dependency retards economic development and increases income inequlity within peripheral countries. On the other hand, neoclassical development theory predicts that economic linkage to the world economy facilitates economic growth and improves the income distribution. This paper aimes to test the general validity of dependency theory by using a cross section data over 1970s and time series data over the period 1962-1984 of Korea. The time series data allow us to observe the dynamics of dependency theory which emphasizes the "historical process". Four measures of economic dependency or external linkage are used to regress the economic growth rate and Gini coefficients. The control variables additionally employed in our empirical analysis are exports and domestic capital formation. The research design employed is a regression analysis incorporating lag structure. The results indicate that economic dependency has no significant negative effects on growth and income distribution. Thus we conclude that the denpendency theory is not substantiated by our empirical data. The data rather supports the neoclassical development theory.
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