Labor Skills and Foreign Investment in a Dynamic Economy : Estimating the Knowledge-Capital Model for Singapore
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 p...
| Main Authors: | , , |
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| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090602084519 http://hdl.handle.net/10986/4143 |
| Summary: | 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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