Publication: Labor Skills and Foreign Investment in a Dynamic Economy : Estimating the Knowledge-Capital Model for Singapore
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2009-06-01
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2012-03-19
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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$18 billion annually; the corresponding figure for outbound stocks was 40 percent, that is, US$5.51 billion annually.
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“Chellaraj, Gnanaraj; Maskus, Keith E.; Mattoo, Aaditya. 2009. Labor Skills and Foreign Investment in a Dynamic Economy : Estimating the Knowledge-Capital Model for Singapore. Policy Research working paper ; no. WPS 4950. © World Bank. http://hdl.handle.net/10986/4143 License: CC BY 3.0 IGO.”
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