산업의 생산과 해외직접투자가 무역에 미치는 영향

Effects of Korean Industrial Production and FDI on Trade in China and the U.S.

This paper analyzed the effects of industrial production (manufacturing) and foreign direct investment on trade relative to China and the United States covering the period from 1991 to 2012 with the use of Korean industrial FDI data. China and the United States account for majority of Korea s FDI and were used as units of analysis since China and the United States represent the developing and developed countries, respectively. During the period, the trade share of US slowed down but that of China rapidly increased. In addition, the proportion of FDI to China has also shown a tendency to increase significantly. Regression results showed increases of FDI positive effects on intra-industry trade both in the case of China and the United States. Effects of FDI on exports were positive in the case of China, negative relative to the U.S., but statistically insignificant. The effect of FDI on total trade appeared to be positive in the case of both China and the United States and were statistically significant.