Can the Knowledge-Capital Model Explain Sectoral Foreign Invesment? Evidence From Singapore

Gnanaraj Chellaraj and Aaditya Mattoo

No 101, Economics Study Area Working Papers from East-West Center, Economics Study Area

Abstract: Using the knowledge-capital model, we compare factors affecting the inbound and outbound manufacturing and services investment between Singapore and a sample of industrialized and developing countries. The nature of Singapore's two-way investment with the industrialized nations is essentially skill seeking, while with the developing countries it is low wage seeking with the exception of inbound services investment, which is skill seeking. During 1994-2003 time period, Singapore's skill abundance relative to all parent countries, increased annual average inbound investment in manufacturing and services by US$ 8.15 billion and US$ 15.19 billion respectively.

JEL-codes: F (search for similar items in EconPapers)
Pages: pages 41
Date: 2009-03
New Economics Papers: this item is included in nep-dev, nep-knm and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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