(不对称)关税驱动的外国直接投资:来自韩国企业层面数据的证据

IF 2.5 4区经济学 Q2 DEVELOPMENT STUDIES

Developing Economies Pub Date : 2023-07-18 DOI:10.1111/deve.12379

Ju Hyun Pyun

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引用次数: 1

摘要

本研究考察了确定的行业关税冲击对企业向目的地的对外直接投资(FDI)的影响。利用2010 - 2018年丰富的韩国企业层面数据，该研究将跨国企业(MNEs)的FDI流出分解为目的地的子公司数量(宽边际)和单个子公司的平均FDI(密集边际)。关税驱动的FDI的新证据表明，关税降低冲击(TDS)(显著的关税降低)降低了现有子公司的数量，而不是现有子公司的平均FDI量。此外，在发展中国家投资的生产率更高的公司在更大程度上减少了现有子公司的数量，以应对贸易贸易发展，这意味着当关税大幅下降时，生产性跨国公司会将资源重新分配给有选择的核心子公司。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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(Asymmetric) tariff-driven foreign direct investment: Evidence from Korean firm-level data

This study examines the effects of identified industry tariff shocks on firms' outward foreign direct investment (FDI) into their destinations. Using rich Korean firm-level data for 2010–18, the study decomposes FDI outflows from multinational enterprises (MNEs) into the number of subsidiaries (extensive margin) and average FDI for individual subsidiaries (intensive margin) in the destination. New evidence of tariff-driven FDI reveals that the tariff decrease shocks (TDS) (significant tariff decreases) lower the number of existing subsidiaries rather than the average FDI volume for the existing subsidiaries. In addition, more productive firms investing in developing countries lower the number of existing subsidiaries to a greater extent in response to TDS, implying that productive MNEs reallocate resources into selective core subsidiaries when a significant tariff decrease occurs.

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来源期刊

Developing Economies Multiple-

CiteScore

3.60

自引率

9.10%

发文量

期刊介绍： The Developing Economies is the official journal of the Institute of Developing Economies, JETRO, and publishes original research articles dealing with empirical and comparative studies on social sciences relating to the developing countries.