해외직접투자 결정요인에 관한 연구

Determinants of Foreign Direct Investment: A New Perspective on Economic Liberalization and Corruption

This paper examined economic liberalization and corruption in ASEAN member affect Korea s foreign direct investment. We use 160 (country-year) observations from ASEAN 10 member countries for a period of 16 years from 2001 to 2016, with the Economic Liberalization Index provided by the Fraser Institute and the corruption recognition index provided by the International Transparency Organization. As results, economic liberalization showed a non-linear(U shaped) effect on foreign direct investment and corruption has a negative effect on foreign direct investment.