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Labor skills and foreign investment in a dynamic economy : estimating the knowledge-capital model for Singapore, Volume 1
 
Author:Chellaraj, Gnanaraj; Maskus, Keith E.; Mattoo, Aaditya; Country:Singapore;
Date Stored:2009/06/02Document Date:2009/06/01
Document Type:Policy Research Working PaperSubTopics:Non Bank Financial Institutions; Economic Theory & Research; Debt Markets; ; Investment and Investment Climate
Language:EnglishMajor Sector:Industry and trade
Rel. Proj ID:1W-Services Trade Research -- -- P110919;Region:East Asia and Pacific
Report Number:WPS4950Sub Sectors:Other domestic and international trade
Collection Title:Policy Research working paper ; no. WPS 4950TF No/Name:TF091542-SERVICES TRADE RESEARCH
Volume No:1  

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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