{"title":"外国直接投资与房价:来自韩国的证据","authors":"J. Kim, Soohyung Lee","doi":"10.1080/10168737.2022.2055108","DOIUrl":null,"url":null,"abstract":"This paper examines the extent to which Chinese Foreign Direct Investment affect housing prices in South Korea. To identify the effect, we build an econometric model based on the assumption that the amount of housing investments made by the Chinese correlate with the amount of FDI from China to Korea and the share of Chinese residents in a given location. By analyzing housing transaction data, we find that the Chinese FDI accounts for 15.3% of the increase in housing prices between 2011 and 2016. The positive effect of Chinese FDI is particularly pronounced in Seoul and its surroundings, as well as Daegu.","PeriodicalId":35933,"journal":{"name":"INTERNATIONAL ECONOMIC JOURNAL","volume":null,"pages":null},"PeriodicalIF":0.9000,"publicationDate":"2022-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Foreign Direct Investment and Housing Prices: Evidence from South Korea\",\"authors\":\"J. Kim, Soohyung Lee\",\"doi\":\"10.1080/10168737.2022.2055108\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper examines the extent to which Chinese Foreign Direct Investment affect housing prices in South Korea. To identify the effect, we build an econometric model based on the assumption that the amount of housing investments made by the Chinese correlate with the amount of FDI from China to Korea and the share of Chinese residents in a given location. By analyzing housing transaction data, we find that the Chinese FDI accounts for 15.3% of the increase in housing prices between 2011 and 2016. The positive effect of Chinese FDI is particularly pronounced in Seoul and its surroundings, as well as Daegu.\",\"PeriodicalId\":35933,\"journal\":{\"name\":\"INTERNATIONAL ECONOMIC JOURNAL\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2022-03-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"INTERNATIONAL ECONOMIC JOURNAL\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/10168737.2022.2055108\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"INTERNATIONAL ECONOMIC JOURNAL","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10168737.2022.2055108","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Foreign Direct Investment and Housing Prices: Evidence from South Korea
This paper examines the extent to which Chinese Foreign Direct Investment affect housing prices in South Korea. To identify the effect, we build an econometric model based on the assumption that the amount of housing investments made by the Chinese correlate with the amount of FDI from China to Korea and the share of Chinese residents in a given location. By analyzing housing transaction data, we find that the Chinese FDI accounts for 15.3% of the increase in housing prices between 2011 and 2016. The positive effect of Chinese FDI is particularly pronounced in Seoul and its surroundings, as well as Daegu.
期刊介绍:
International Economic Journal is a peer-reviewed, scholarly journal devoted to publishing high-quality papers and sharing original economics research worldwide. We invite theoretical and empirical papers in the broadly-defined development and international economics areas. Papers in other sub-disciplines of economics (e.g., labor, public, money, macro, industrial organizations, health, environment and history) are also welcome if they contain international or cross-national dimensions in their scope and/or implications.