한국에서 FDI는 지역의 생산성, 기술효율성, 그리고 기술변화에 기여하였는가?: 16개 광역시·도를 중심으로 (Has FDI contributed to Regional Productivity, Technical efficiency, and Technical Change in Korea?: Focused on 16 Metropolitan Cities and Provinces)

Purpose This study composed panel time series data from 1998 to 2019 for 16 metropolitan cities and provinces and analyzed how FDI inflow contributes to technical efficiency and technical change which are the components along with regional productivity.
Design/Methodology/Approach In this study, Malmquist productivity analysis was performed to calculate regional productivity, and the calculated productivity, decomposed technical efficiency, and technical change variables were estimated by the impulse response function and forecast error variance decomposition of the panel VAR model.
Findings The inflow of FDI contributed to changes in productivity and technical efficiency in 16 metropolitan cities and provinces. However, as confirmed by the results of the impulse response function, the impact of FDI inflow was greater than productivity and technical efficiency than the technical change. As a result of forecast error variance decomposition for this variability, technical change was limited and there was a change in the inflow of FDI in terms of actual productivity and technical efficiency.
Research Implications 16 metropolitan cities and provinces need a policy change to enhance industrial competitiveness through the linkage between regional growth structure and technology revolution.

Purpose This study composed panel time series data from 1998 to 2019 for 16 metropolitan cities and provinces and analyzed how FDI inflow contributes to technical efficiency and technical change which are the components along with regional productivity.
Design/Methodology/Approach In this study, Malmquist productivity analysis was performed to calculate regional productivity, and the calculated productivity, decomposed technical efficiency, and technical change variables were estimated by the impulse response function and forecast error variance decomposition of the panel VAR model.
Findings The inflow of FDI contributed to changes in productivity and technical efficiency in 16 metropolitan cities and provinces. However, as confirmed by the results of the impulse response function, the impact of FDI inflow was greater than productivity and technical efficiency than the technical change. As a result of forecast error variance decomposition for this variability, technical change was limited and there was a change in the inflow of FDI in terms of actual productivity and technical efficiency.
Research Implications 16 metropolitan cities and provinces need a policy change to enhance industrial competitiveness through the linkage between regional growth structure and technology revolution.