외국인 직접투자의 경제성장에 대한 영향

The Impact of FDI on Economic Growth A Comparison between Developed and Developing Countries

The subject This study analyzes the effects that FDl has on economic growth in developed and developing countries. The results of empirical analysis using UNCTD data for the period of 1980 to 2010 show FDI to have generally had a positive influence on economic growth in both developed and developing countries. Based on analysis of developing countries differentiated by income level- high, middle and low-this study finds that, for high-income developing countries, inflows of FDI have had a slightly positive but not so clear effect on economic growth. For middle-income developing countries, FDI is found to have had a significant effect on gross domestic product (GDP), while for low-income developing countries its impacts on GDP have not been significant. This supports the view that, even though FDI flows from developed into underdeveloped countries when conditions such as the recipients' attainments of certain levels of economic growth, exports, and investment are satisfied, the positive impacts on growth are limited due to the host countries' lack of infrastructure and human resources.