Human Capital: “Travel Broadens the Mind”

Veasna Kheng, Lei Pan and Xiaodong Fan

MPRA Paper from University Library of Munich, Germany

Abstract: This paper adopts an economic framework to examine the impact of interna- tional travel on human capital development. Using a fixed-effects instrumental variable estimator as the primary analytical approach, the study investigates a panel dataset covering 64 countries from 1995 to 2019. The findings reveal that international travel, measured through tourism openness, has a significant positive effect on human capital. These results underscore the importance of global human mobility—encompassing migration, international educational exchange, and tourism—in fostering the development and dissemination of knowledge, culture, and technology.

Keywords: travel; human capital development; economic growth and development (search for similar items in EconPapers)
JEL-codes: C23 J24 O40 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:124156

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