FOREIGN DIRECT INVESTMENT AND COUNTRY-SPECIFIC HUMAN CAPITAL
- Authors
- Kim, Jinyoung; Park, Jungsoo
- Issue Date
- 1월-2013
- Publisher
- WILEY-BLACKWELL
- Citation
- ECONOMIC INQUIRY, v.51, no.1, pp.198 - 210
- Indexed
- SSCI
SCOPUS
- Journal Title
- ECONOMIC INQUIRY
- Volume
- 51
- Number
- 1
- Start Page
- 198
- End Page
- 210
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/104336
- DOI
- 10.1111/j.1465-7295.2012.00478.x
- ISSN
- 0095-2583
- Abstract
- This paper exploits an international bilateral data set over the period 19631998 to investigate the relationship between foreign direct investment (FDI) and foreign-educated labor in an FDI host country. Workers educated abroad acquire country-specific human capital that is more productive in the host country of study. A foreign subsidiary sharing a parent firm's technology will invest more if it has more foreign-educated labor, since it can utilize this labor more productively because of the country-specific human capital. Consistent with our predictions, our empirical findings show that foreign-educated labor accounted for a sizable portion of growth in FDI flows. (JEL F21, F10)
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Collections - College of Political Science & Economics > Department of Economics > 1. Journal Articles
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