ADB Economics Working Paper Series No. 272
Foreign Direct Investment,Technology Diusion,and Host Country Productivity Growth
Hongshik Lee, Joonhyung Lee, and Hyuk-hwang Kim
Hongshik Lee is a Professor at the Department of Economics, Korea University; Joonhyung Lee is aProfessor at the Southern Methodist University; and Hyuk-hwang Kim is a senior researcher at theKorea Institute for International Economic Policy (KIEP). This paper was prepared as background materialfor the theme chapter, “South-South Economic Links” in the
Asian Development Outlook 2011
, availableat www.adb.org/economics. The authors thank Akiko Terada-Hagiwara, Peter Morgan, Douglas H.
Brooks, and Joseph E. Zveglich for their helpful suggestions. This paper also beneted from comments
at the Forum on South-South Economic Linkages at the Asian Development Bank. The authors acceptresponsibility for any errors in the paper.