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Investing Abroad, Transforming at Home : An Empirical Study of Outward Foreign Direct Investment and Korean Manufacturing’s Servicification

목차

1. Introduction 8
2. Literature Review and Novelty 11
3. Empirical Study 13
3.1. Data and Methodology 13
3.2. Main Results 15
3.3. Robustness 18
3.3.1. One-Step Difference GMM 19
3.3.2. Industry Classification by R&D Intensity 21
3.3.3. Proportion of Manufacturing Workers 23
3.3.4. Time Lag Analysis 23
3.3.5. Extended Sample Period 26
3.3.6. Difference Variables for Long-term Trends 28
4. Conclusion 28
Reference 31

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