Asali, Muhammad , CRISTOBAL CAMPOAMOR, ADOLFO, Shaked, Avner

No

J. Int. Trade Econ. Dev.

Article

Científica

✗

✗

0.475

0.317

https://www.scopus.com/inward/record.uri?eid=2-s2.0-84960466424&doi=10.1080%2f09638199.2015.1118527&partnerID=40&md5=cfbbb2cec9989b0f2bb26e8bd360e2e8

03/07/2016

000372023800003

2-s2.0-84960466424

10.1080/09638199.2015.1118527

This paper lends both theoretical and empirical support to the notion of optimal foreign direct investment (FDI) levels. It does so by uncovering an inverted-U-shaped relationship between FDI and human capital formation. The optimality of a particular FDI inflow depends on the educational incentives induced by FDI on the local, heterogeneous population. Our estimates confirm the significance of a positive (linear) and a negative (non-linear) impact of FDI stocks on tertiary schooling, which are exclusively relevant in developing countries.

Foreign direct investment; information; human capital; skilled labour