Migration, Foreign Direct Investment and Trade in Korea

다국어 초록 (Multilingual Abstract)

This paper investigates with a modified gravity model Korean experience of international factor mobility and its impact on trade by using a panel data analysis. While theoretical debates are concerned on the factor mobility and trade being substitutes or complements empirics supported primarily the latter.
This paper’s contributions are two folds: Firstly, in investigating trade effect of international factor mobility home country’Ós perspective is adopted. Secondly, the international mobility of capital and labour is simultaneously considered, which was deficient in the incumbent literature. We find Korea’s export to APEC member countries is positively stimulated by both migration and outgoing FDI.

목차 (Table of Contents)

• Ⅰ. Introduction 2
• Ⅱ. Factor mobility: substitutes or complements for trade 4
• Ⅲ. Development of Emigrations and Outward FDI in Korea 10
• Ⅳ. Empirical econometric model: gravity equation, the data and the estimation strategy 13
• Ⅴ. The results 16
• Ⅵ. Concluding remarks 19

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