참고문헌 - 수직적 해외직접투자의 결정요인 분석: 한국의 사례를 중심으로

1. 국내문헌

․김대영·이시영(2015), “수직적/수평적 FDI 결정요인 분석”,「국제통상연구」, 20(4), pp. 31～59.

․최낙균·박순찬(2015),「글로벌 가치사슬에서 수출부가가치의 결정요인 분석과 정책 시사점」, KIEP 연구보고서 15-05.

․Choi, N. and S. Park.(2016), “Comparative Advantage of Value Added in Exports: The Role of Offshoring and Transaction Cost.”, KIEP Working Paper 16～09.

2. 해외문헌

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․Antràs, P.(2003), “Firms, Contracts and Trade Structure”, Quarterly Journal of Economics 118(4), pp. 1375～1418.

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․Arellano, Manuel and Olympia Bover(1995), “Another Look at the Instrument Variable Estimation of Error-components Models”, Journal of Econometrics 68, pp. 29～51.

․Blonigen, B. A. et al.(2003), “Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment”, The American Economic Review 93(3), pp. 980～994.

․Blundell, Richard and Stephen Bond(1998), “Initial Conditions and Moment Restrictions in Dynamic Panel Data Models”, Journal of Econometrics 87, pp. 115～143.

두 유사한 결과를 나타내 결과의 일치성이 있다는 것을 확인할 수 있다.

본 연구는 수직적 FDI의 기존 이론들을 개별 기업 특성을 고려하여 한국의 다국적기업 사례를 통해 검증하고자 하였으나, 분석에 있어서 이론을 검증하 기 위해 현지법인에 대한 몇몇 자료와 비경제적 특징을 나타내는 변수를 고려 하지 못한 한계점이 존재한다. 그러나 본 연구는 FDI 결정요인을 분석함으로 써 기업의 투자전략을 수립하기 위해 고려해야 할 요인들을 선별하고 변화하 는 교역환경 속에서 기업의 투자전략을 고려한 무역정책을 수립하는 데 기초 자료로 활용할 수 있을 것이다.

․Braconier, H., and P. Norbäck and D. Urban(2005), “Multinational Enterprises and wage costs : Vertical FDI revisited”, Journal of International Economics 67(2), pp. 446～470.

․Brainard, S. L.(1993a), “A Simple Theory of Multinational Corporations and Trade with a Trade-off between Proximity and Concentration”, NBER Working Paper No. 4269.

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(1993b), “An Empirical Assessment of the Factor Proportions Explanation of Multinational Sales.”, NBER Working Paper No. 4583.

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(1997), “An Empirical Assessment of the Proximity-Concentration Trade-Off between Multinational Sales and Trade”, The American Economic Review 87(4), pp. 520～544.

․Carr, D. L. et al.(2001), “Estimating the Knowledge-Capital Model of the Multinational Enterprise”, The American Economic Review 91(3), pp. 693～708.

․Cheng, Leonard K. and Yum K. Kwan(2000), “What are the determinants of the location of foreign direct investment? The Chinese experience”, Journal of International Economics 51, pp. 379～400.

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․Egger, P. and M. Pfaffermayr(2004), “The Impact of Bilateral Investment Treaties on Foreign Direct Investment”, Journal of Comparative Economics 32(4), pp. 788～804.

․Ekholm, K. et al.(2003), “Export-Platform Foreign Direct Investment”, NBER Working Paper No. 9517.

․Hanson, G. H. et al.(2001), “Expansion Strategies of U.S. Multinational Firms”, NBER Working Paper No. 8433.

․Helpman, E.(1984), “A simple Theory of International Trade with Multinational Corporations”, Journal of Political Economy 92(3), pp. 451～471.

․ (1987), “Imperfect Competition and International Trade: Evidence from Fourteen Industrial Countries”, Journal of the Japanese and International Economics 1(1), pp. 62～81.

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․Kang, S. J., & H. S. Lee(2007), “The Determinants of Location Choice of South Korean FDI in China”, Japan and the World Economy 19, pp. 441～460.

․Kim, D. and S. Y. Lee(2015), “On the Determinants of Horizontal and Vertical FDI by Korean Multinational Corporations in China”, International trade study 20(4), pp. 31～59.

․Kumar, N.(1994), “Determinants of Export Orientation of Foreign Production by U.S. Multinationals: An Inter-country Analysis”, Journal of International Business Studies 25(1), pp. 141～156.

․ (1997), “Trade versus Investment Liberalization”, NBER Working Paper No. 6231.

․Markusen, J. R. and K. E. Maskus(1999), “Multinational Firms: Reconciling Theory and Evidence”, Working Paper 7163, National Bureau of Economic Research, Cambridge, MA.

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(2002), “Discriminating among Alternative Theories of the Multinational Enterprise”, Review of International Economics 10, pp. 694～707.

․Markusen, J. R. et al.(1996), “A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Service”, NBER Working Paper No. 5696.

․Miroudot, S. and A. Ragoussis(2008), “Vertical Trade, Trade costs and FDI”, OECD Trade Policy, No. 89.

․Protsenko, A.(2003), “Vertical and Horizontal Foreign Direct Investments in Transition Countries”, Ludwig-Maximilians-Universit.