Local human capital formation and optimal FDI

Muhammad Asali, Adolfo Cristóbal and Avner Shaked
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Adolfo Cristóbal: Universidad Loyola Andalucía
Avner Shaked: University of Bonn

Working Papers from Universidad Loyola Andalucía, Department of Economics

Abstract: This paper lends both theoretical and empirical support to the notion of optimal 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.

Keywords: FDI; Human Capital; Skills; Asymmetric Information. (search for similar items in EconPapers)
JEL-codes: F23 H52 J24 (search for similar items in EconPapers)
Pages: 24pages
Date: 2015-02
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Journal Article: Local human capital formation and optimal FDI (2016)
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