THE EFFECT OF FOREIGN DIRECT INVESTMENT ON HUMAN CAPITAL ACCUMULATION IN DEVELOPING ASIA
- 주제(키워드) International Development and Cooperation
- 발행기관 고려대학교 국제대학원
- 지도교수 이동은
- 발행년도 2020
- 학위수여년월 2020. 2
- 학위구분 석사
- 학과 Graduate School of International Studies> International Studies
- 원문페이지 54 p
- UCI I804:11009-000000128101
- DOI 10.23186/korea.000000128101.11009.0000950
- 본문언어 영어
- 제출원본 000046022220
초록/요약
This study aims to analyze the effects of Foreign Direct Investment (FDI) flows on human capital accumulation in developing countries in Asia. Scholars have debated whether FDIs contribute to develop human capital. Although the inward FDI into the developing countries in Asia has rapidly increased, studies about the effects of FDIs on educational attainment in this region are limited. In order to analyze the effects of FDI on human capital accumulation, the study applies the Fixed Effects OLS Estimation and the Generalized-Method-of-Moments (GMM) Estimation. This regression analysis uses a panel data on thirty-eight Asian countries in five Asian sub-regions, which covers a period of forty-seven years (1971-2018). The empirical results show that FDI has a statistically positive effect on the school life expectancy and school enrollment ratios. In addition to this, the empirical result also reveals that the scale of the impacts of FDI on school enrollment ratios differ depending on the country’s economic condition. Especially in the Least Developed Countries, the lagged FDI inflows is significantly and positively linked with human capital accumulation. The findings are significant in the sense that it contributes to fill in the research gap by expanding the number of samples and human capital indicators.
more목차
1.Introduction 1
2.Context of the Study 5
2.1. FDI Inflows in Developing Asia 5
2.2. Human Capital Accumulation in developing Asia 10
3. Literature Review 13
3.1. Theoretical Background of Effects of FDIs on Human Capital 13
3.2. Previous Empirical Studies of Effect of FDIs on Human Capital 15
4. Methodology 18
4.1. Analytical Framework 18
4.2. Hypothesis 20
4.3. Econometric Model 21
4.4. Data 23
4.5. Descriptive Statistics of the Variables 25
5. Results 27
5.1. Empirical Results for Overall Effects 27
5.2. Empirical Results by Regions 30
5.3. Empirical Results by Economic Conditions 33
5.4. The GMM Estimation Results 35
6. Conclusions 38
References 43
