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Title: |
The Effects of Foreign Capital Inflow on Economic Growth in Korea: The
Reevaluation of Griffin and Enos's Hypotheses |
| Author: |
Park, Hui-Jong |
| Author
Affiliation: |
Myong Ji U |
| Source: |
International Economic Journal, Summer 1987, v. 1, no. 2, pp. 79-93 |
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Publication Date: |
Summer 1987 |
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Abstract: |
This study evaluates Griffin and Enos's
hypotheses and tests alternative hypotheses concerning the effects of
foreign capital inflow into Korea. Griffin and Enos argue that foreign
capital inflow may supplant domestic savings and distort the composition
of investment, ultimately leading to a reduction in the rate of growth
in the GNP. These arguments fail to specify a precise mechanism by which
foreign capital inflow affects economic growth in Korea. Rather, the
alternative hypotheses that all types of foreign capital inflow into
Korea are positively related to economic growth are largely supported. |
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