FOREIGN DIRECT INVESTMENT IN NORTH KOREA AND THE EFFECT OF SPECIAL ECONOMIC ZONES: LEARNING FROM TRANSITION ECONOMIES

This study analyzes critical factors that foreign investors would consider before investing in North Korea by empirically analyzing key FDI determinants in Central and Eastern Europe and the former Soviet Union (i.e., transition economies) and juxtaposing these results against North Korea's mai...

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Bibliographic Details
Published inJournal of economic development Vol. 40; no. 2; pp. 35 - 56
Main Author 이한희
Format Journal Article
LanguageEnglish
Published Seoul The Economic Research Institute, Chung-Ang University 01.06.2015
경제연구소
Subjects
Discriminant analysis
Economic growth
Economic reform
Enterprise zones
Foreign investment
GNI
Gross National Income
Growth models
International finance
Literature reviews
Portfolio investments
Privatization
Socialism
Studies
Taxonomy
Transition economies
경제학
North Korea
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ISSN0254-8372
DOI10.35866/caujed.2015.40.2.002

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Summary:This study analyzes critical factors that foreign investors would consider before investing in North Korea by empirically analyzing key FDI determinants in Central and Eastern Europe and the former Soviet Union (i.e., transition economies) and juxtaposing these results against North Korea's main investment hurdles and pull factors in order to suggest a way forward. For the empirical study, a fixed effect model is employed based on the panel data of all the transition economies through their entire transition periods. The analysis suggests that the special economic zones in the Visegrad countries could provide a relevant benchmark for North Korea.
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ISSN:0254-8372
DOI:10.35866/caujed.2015.40.2.002