With the progress of globalization, South Korea, one of the emerging industrial countries, has recently witnessed a sharp increase in the number of enterprises that employ foreigners. However, there are only a limited number of studies on the influence that such an increase has had on the labor...

Many developing countries (LDCs) still impose a local content requirement (LCR) regulation on multinational enterprises (multinationals). The authors develop a simple model to investigate whether the introduction of an LCR affects a multinational's choice of technology transfer. The key...

This paper examines the choices of ownership structure of multinational firms (MNFs) based in a newly developed country (South Korea) for their foreign affiliates. A transaction cost economics perspective is employed, taking advantage of a distinct and comprehensive firm-level data set. This is...

This paper examines the effects of contract enforceability and market structure on a firm's choice between licensing and foreign direct investment. Clearly, the firm's choice impacts upon social welfare in the host country. Therefore, the government of the host country is likely to set contract...

This paper examines factors affecting the role of individual, farm production, family finance, and regional characteristics in affecting labor force decisions by farm households. Young, more educated households are much more likely to work off-farm, suggesting that off-farm labor has become an...