외국인 직접투자(FDI)의 기술 이전을 통한 생산성과 임금에 미친 파급수혜효과

This paper analyses how FDI influences labour productivity and wage of domestic firms in Korea. Labour productivity is modelled as dependent on the degree of foreign ownership, capital intensity and firm size for scale factors. We find that foreign firms perform better than local firms. The foreign firms from FDI has a positive spillover effect on labour productivity of local firms in the same sector. We find positive vertical spillover effects. Vertical spillover effects between sectors are found to be relatively more important than horizontal spillover effects within sectors. It is important in local firms with higher human capital. We look to the ownership effects. The coefficient for minority ownership is lower than the one for majority ownership. This paper explores the relationship between wages and foreign direct investment in Korea. We investigate if there is any productivity or wage gap between foreign and domestic firms in the Korea and if the presence of foreign firms in a sector raises the productivity of domestic firms. Our results indicate that foreign firms do have higher productivity and education than domestic firms, they pay higher wages. FDI increases the productivity and wages of skilled foreign firms's workers. Firms with low productivity relative to the sector average in low-skill low foreign competition sector gain less from foreign firms.