Labor Skills and Foreign Direct Investment in a Dynamic Economy: Estimating the Knowledge-Capital Model for Singapore

Gnanaraj Chellaraj, Keith Maskus and Aaditya Mattoo

No 100, Economics Study Area Working Papers from East-West Center, Economics Study Area

Abstract: In this paper we analyze changes in the inbound and outbound investment between Singapore and a sample of industrialized and developing countries. The nature of Singapore's two-way investment with the industrialized nations has shifted into skill-seeking activities over the period, while Singapore's investments in developing countries have increased sharply and become concentrated in labor-seeking activities. Over the 1984-2003 period, as host Singapore became skill abundant relative to parent industrialized countries, average inbound investment stocks from these countries increased by US$ 24.8 billion annually, while the corresponding figure for outbound stocks to host developing countries was US$ 9.5 billion.

JEL-codes: F (search for similar items in EconPapers)
Pages: pages 51
Date: 2009-02
New Economics Papers: this item is included in nep-dev and nep-sea
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Citations: View citations in EconPapers (1)

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