개발도상국의 FDI유입에 대한 결정요인 분석 = The Determinants of FDI to Developing Countries : A Panel Data Analysis, 2000-2009

다국어 초록 (Multilingual Abstract)

The objective of this study is to examine the determinants of foreign direct investment (FDI) in middle and low income developing countries. In order to undertake this study, I employed the fixed effect model based on the panel data for 55 middle and 68 low income developing countries during 2000-2009. Two empirical findings resulted from comparing the middle-income with low-income developing countries. First, there were five determinants that have significant impact on inward FDI in the middle-income developing countries which include: a lower corruption perception index (CPI), higher fixed broadband internet subscribers, lower fuel export ratio, and lower secondary enrollment rate. Second, there were four determinants that have significant impact on inward FDI in the low-income developing countries which include: a lower inflation rate, higher openness, lower GNI per capita and lower official development assistance. This implies that the FDI is being invested into unskilled labor intensive industries in the middle-income developing countries, however, it appears that the FDI is being partially substituted as a development assistance for the low-income developing countries.

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