THE RELATIONSHIP BETWEEN OUTWARD FDI AND TRADE PERFORMANCE: COLOMBIAN PERSPECTIVE
- 주제(키워드) Outward FDI , Exports - Trade performance , Colombia
- 발행기관 아주대학교
- 지도교수 Song, Young Kyun, Ph.D.
- 발행년도 2010
- 제출일 2010-04-21
- 학위수여년월 2010. 8
- 학위명 석사
- 학과 국제대학원 국제경영학과
- 실제URI http://www.dcollection.net/handler/ajou/000000010825
- 본문언어 영어
- 저작권 아주대학교 논문은 저작권에 의해 보호받습니다.
초록/요약
During the last decades the world has witnessed a boost driven by Foreign Direct Investment and Trade over other sorts of capital flows. Indeed, outflow FDI and Trade has outpaced world production since the 1960´s. FDI is one of the factors triggering the growth of GDP for both home and host countries. Also, exports are an important factor contributing to economic growth and the development of countries. Although FDI and Trade were seen as substitutes in the beginning, recent studies have found a complementary relationship. Nevertheless, there is a complexity in that relationship shown by a disparity in the conclusions given by different scholars depending on the period, the sample of countries and the factors analyzed. Therefore, the purpose of this paper is to empirically study the relationship between outward FDI and Export Trade Performance for the Colombian Case. This thesis uses a panel data set for 32 countries to be tested by OLS regression model. After the empirical analyses a complementarity was found between the outward FDI and Trade (Export) performance in the Colombian Case.
more목차
LIST OF TABLES --------------------------------------------------------------------------------- vi
LIST OF FIGURES -------------------------------------------------------------------------------- vii
LIST OF ABBREVIATIONS -------------------------------------------------------------------- viii
CHAPTER 1.
Introduction ----------------------------------------------------------------------------- 1
CHAPTER 2.
2.1 Theories ------------------------------------------------------------------------------ 7
2.2 Review of related Studies --------------------------------------------------------- 8
CHAPTER 3. THEORETICAL AND STATISTICS BACKGROUND
3.1 Outward FDI and Trade ------------------------------------------------------------ 15
3.2 Outward FDI statistics for Colombia --------------------------------------------- 16
3.3 Export Statistics for Colombia ---------------------------------------------------- 24
CHAPTER 4. RESEARCH DESIGN
4.1 Data ----------------------------------------------------------------------------------- 29
4.2 Model --------------------------------------------------------------------------------- 31
4.3 Limitations of the model ----------------------------------------------------------- 33
4.4 Results Presentation ---------------------------------------------------------------- 33
4.5 Interpretation of Results ----------------------------------------------------------- 40
CHAPTER 5.
Conclusion and Recommendations -------------------------------------------------- 42
BIBLIOGRAPHY -------------------------------------------------------------------------------- 44
APPENDIX 1.
LIST OF COUNTRIES INCLUDED IN THE ECONOMETRIC MODEL ---- 48
APPENDIX 2.
RESULTS OF THE RANDOM EFFECT MODEL ------------------------------- 50
APPENDIX 3.
RESULTS OF THE FIXED EFFECT MODEL INCLUDING THE LAGGED REAL EXCHANGE RATE ----------------------------------------------------------- 51
