000			01498nam a22001577a 4500
999			_c524976 _d524976
008			240202b ||||| |||| 00| 0 eng d
100			_aPyun,Ju Hyun _948378
245			_a(Asymmetric) tariff-driven foreign direct investment: Evidence from Korean firm-level data
260			_aThe Developing Economies
300			_a61(4), Dec, 2023: p.297-323
520			_aThis study examines the effects of identified industry tariff shocks on firms' outward foreign direct investment (FDI) into their destinations. Using rich Korean firm-level data for 2010–18, the study decomposes FDI outflows from multinational enterprises (MNEs) into the number of subsidiaries (extensive margin) and average FDI for individual subsidiaries (intensive margin) in the destination. New evidence of tariff-driven FDI reveals that the tariff decrease shocks (TDS) (significant tariff decreases) lower the number of existing subsidiaries rather than the average FDI volume for the existing subsidiaries. In addition, more productive firms investing in developing countries lower the number of existing subsidiaries to a greater extent in response to TDS, implying that productive MNEs reallocate resources into selective core subsidiaries when a significant tariff decrease occurs.- Reproduced https://onlinelibrary.wiley.com/doi/10.1111/deve.12379
650			_aForeign direct investment, Korean firm-level data _948379
773			_aThe Developing Economies
906			_aFOREIGN INVESTMENT
942			_cAR