Labor Skills and Foreign Investment in A Dynamic Economy [electronic resource] : Estimating the Knowledge-Capital Model for Singapore / Chellaraj, Gnanaraj
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TextPublication details: Washington, D.C., The World Bank, 2009Description: 1 online resource (48 p.)Subject(s): Bankruptcy and Resolution of Financial Distress | Capital stock | Corporate Law | Debt Markets | Developing countries | Developing country | Economic development | Economic Theory and Research | Emerging Markets | Equity investment | Finance and Financial Sector Development | Foreign direct investment | Foreign equity | Foreign investment | Homogeneous goods | Human capital | International bank | International Economics and Trade | International trade | Investment and Investment Climate | Investment patterns | Labor and Social Protections | Labor Policies | Law and Justice | Local markets | Macroeconomics and Economic Growth | Non Bank Financial Institutions | Portfolio | Portfolio investment | Private Sector Development | Returns | Stocks | Telecommunications | Trade and Regional Integration | Trust fundAdditional physical formats: Chellaraj, Gnanaraj.: Labor Skills and Foreign Investment in A Dynamic Economy.Online resources: Click here to access online Abstract: Singapore is an interesting example of how the pattern of foreign investment changes with economic development. The authors analyze inbound and outbound investment between Singapore and a sample of industrialized and developing countries over the period 1984-2003. They find that Singapore's two-way investment with 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. Singapore's increasing skill abundance relative to all countries in the sample accounted for 41 percent of average inbound stocks during the period, that is, US
Singapore is an interesting example of how the pattern of foreign investment changes with economic development. The authors analyze inbound and outbound investment between Singapore and a sample of industrialized and developing countries over the period 1984-2003. They find that Singapore's two-way investment with 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. Singapore's increasing skill abundance relative to all countries in the sample accounted for 41 percent of average inbound stocks during the period, that is, US 8 billion annually; the corresponding figure for outbound stocks was 40 percent, that is, US .51 billion annually.
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