Does foreign direct investment stimulate new firm creation? In search of spillovers through industrial and geographical linkages

被引:14
|
作者
Sun, Laixiang [1 ,3 ,4 ]
Lee, In Hyeock [2 ]
Hong, Eunsuk [3 ]
机构
[1] Univ Maryland, Dept Geog Sci, 2181 Samuel J LeFrak Hall, College Pk, MD 20742 USA
[2] Loyola Univ Chicago, Quinlan Sch Business, Dept Management, 820 N Michigan Ave, Chicago, IL 60611 USA
[3] SOAS Univ London, Sch Finance & Management, Thornhaugh St,Russell Sq, London WC1H 0XG, England
[4] Int Inst Appl Syst Anal, Schlossplatz 1, A-2361 Laxenburg, Austria
关键词
Inward foreign direct investment; New firm creation; Entrepreneurship; Sectoral and spatial analysis; HIGH-TECHNOLOGY; DOMESTIC FIRMS; PANEL-DATA; PERFORMANCE; KNOWLEDGE; DETERMINANTS; PRODUCTIVITY; LOCATION; GROWTH; FDI;
D O I
10.1007/s11187-016-9803-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper examines the spillover effects of inward foreign direct investment (FDI) on the entrepreneurial activities of new firm creation through both industrial and geographical linkages. Using a dataset of 44,434 newly created small firms in 234 regions of South Korea in 2000-2004, this study finds that while the spillover impacts of FDI in the low-tech industry are positive and significant across almost all four possible combinations of the intra-/inter-regional and intra-/inter-sectoral channels, the impacts in the high-tech industry are largely intra-sectoral within the host region and across neighboring regions. Moreover, all statistically significant spillover effects follow an inverted 'U'-shaped curvilinear trend.
引用
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页码:613 / 631
页数:19
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