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Korean direct investment in manufacturing, , : Its patterns and determinants--an empirical analysis

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  • Kimura, Yui
  • Lee, Hae Kyoung

Abstract

This article presents the results of a rigorous empirical study of the patterns and the determinants of Korean FDI in manufacturing industries. Using the theoretical approach proposed by Ozawa (1979) within the broader framework of the mainstream FDI theory, this paper confirms the uniqueness of Korean FDI, and shows that its major determinants are at odds with those of FDI from more advanced countries but akin to those of early Japanese FDI made in the early 1970s.

Suggested Citation

  • Kimura, Yui & Lee, Hae Kyoung, 1998. "Korean direct investment in manufacturing, , : Its patterns and determinants--an empirical analysis," Journal of International Management, Elsevier, vol. 4(2), pages 109-127, October.
    • Handle: RePEc:eee:intman:v:4:y:1998:i:2:p:109-127
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    References listed on IDEAS

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    5. Chang, Sea Jin & Choi, Unghwan, 1988. "Strategy, Structure and Performance of Korean Business Groups: A Transactions Cost Approach," Journal of Industrial Economics, Wiley Blackwell, vol. 37(2), pages 141-158, December.
    6. Ozawa, Terutomo, 1979. "International Investment and Industrial Structure: New Theoretical Implications from the Japanese Experience," Oxford Economic Papers, Oxford University Press, vol. 31(1), pages 72-92, March.
    7. Pugel, Thomas A & Kragas, Erik S & Kimura, Yui, 1996. "Further Evidence on Japanese Direct Investment in U.S. Manufacturing," The Review of Economics and Statistics, MIT Press, vol. 78(2), pages 208-213, May.
    8. John H Dunning, 1980. "Towards an Eclectic Theory of International Production: Some Empirical Tests," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 11(1), pages 9-31, March.
    9. Kimura, Yui & Pugel, Thomas A., 1995. "Keiretsu and Japanese direct investment in US manufacturing," Japan and the World Economy, Elsevier, vol. 7(4), pages 481-503, November.
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    Cited by:

    1. Acquaah, Moses, 2009. "International joint venture partner origin, strategic choice, and performance: A comparative analysis in an emerging economy in Africa," Journal of International Management, Elsevier, vol. 15(1), pages 46-60, March.
    2. Minakshee Das, 2020. "Determinants of inward foreign direct investment: Comparison across different country groups," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(1), pages 237-269.
    3. Douglas E. Thomas & Lorraine Eden & Michael A. Hitt & Stewart R. Miller, 2007. "Experience of emerging market firms: The role of cognitive bias in developed market entry and survival," Management International Review, Springer, vol. 47(6), pages 845-867, December.
    4. Klein, Saul & Wöcke, Albert, 2007. "Emerging global contenders: The South African experience," Journal of International Management, Elsevier, vol. 13(3), pages 319-337, September.
    5. Minakshee DAS, 2020. "Determinants Of Inward Foreign Direct Investment: Comparison Across Different Country Groups, 1996-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 20(1), pages 5-22.
    6. ., 2010. "Korea's Inward and Outward Foreign Direct Investment," Chapters, in: The Korean Economy in Transition, chapter 6, Edward Elgar Publishing.

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