—The purpose of this study is to analyze the
determinants of Foreign Direct Investment in countries. An
attraction of FDI makes job creation, economic revitalization
and the transfer of advanced technology to the country. It
would be the base of development that affects macro-economics.
In other words, that can be seen as a direct economic growth
driver. In order to attract investment, the countries compete
each other strategically. There are a lot of researches which has
been carried out for FDI. However, this study was conducted
due to the insufficiency of the research about ODA and
governance factors regarding the relationship of the FDI. For
this study, I employed the fixed-effected model and
random-effected model based on panel data for countries. In
this study, diverse variables such as economic variables, policy
variables and governance variables were employed. The
findings from this study show that most of variables such as
governance, political factor and economic factor have consistent
signs with significancy. ODA variables have a impact on FDI.
—Foreign direct investment, official
development assistance, governance, Korea, panel analysis.
Geon Woo Park is with Yonsei University of Korea (e-mail:
Cite: A Study on the Determinants of FDI from Korea: Does ODA Attract FDI?, "Geon Woo Park," International Journal of Trade, Economics and Finance vol.5, no.6, pp. 477-481, 2014.