Foreign Direct Investment and Foreign-Educated Labor

• 영문명: Foreign Direct Investment and Foreign-Educated Labor
• 발행기관: 한국계량경제학회
• 저자명: Jinyoung Kim Jungsoo Park
• 간행물 정보: 『한국계량경제학회 학술대회 논문집』2007년 하계학술대회, 1~38쪽, 전체 38쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2007.08.30

영문 초록

The relationship between foreign direct investment (FDI) and foreign-educated labor in an FDI host country is investigated. Workers who are educated abroad acquire country-specific human capital (e.g., language capital and country-specific knowledge on firm organization and on social system) that makes labor more productive in the host country of study than in other countries. A foreign subsidiary that shares the technology of a parent firm can utilize foreign-educated labor more productively due to the country-specific human capital. Our theory shows that increasing foreign-educated labor in an FDI host country attracts more FDI from the country of foreign study, provided that human capital and physical capital are complementary in production. We test this and other implications against bilateral FDI and foreign-student data for 63 developed and developing countries over the period of 1963-1998. Our empirical findings strongly support our predictions and show that foreign-educated labor accounts for a sizable portion of growth in FDI flows during the sample period.

목차

I. Introduction

II. Theoretical Model

III. Empirical Implementation

IV. Empirical Findings

V. Concluding Remarks

키워드

foreign direct investment human capital foreign education students abroad