Labor skills and foreign investment in a dynamic economy : estimating the knowledge-capital model for Singapore, Vol. 1 of 1

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Labor skills and foreign investment in a dynamic economy : estimating the knowledge-capital model for Singapore

Author:	Chellaraj, Gnanaraj; Maskus, Keith E.; Mattoo, Aaditya;	Collection Title:	Policy Research working paper ; no. WPS 4950
Country:	Singapore;	Date Stored:	2009/06/02
Document Date:	2009/06/01	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Industry and trade
Rel. Proj ID:	1W-Services Trade Research -- -- P110919;	Region:	East Asia and Pacific
Report Number:	WPS4950	Sub Sectors:	Other domestic and international trade
SubTopics:	Non Bank Financial Institutions; Economic Theory & Research; Debt Markets; ; Investment and Investment Climate	TF No/Name:	TF091542-SERVICES TRADE RESEARCH
Volume No:	1 of 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ﾒs two-way investment with industrialized nations has shifted into skill-seeking activities over the period, while Singaporeﾒs investments in developing countries have increased sharply and become concentrated in labor-seeking activities. Singaporeﾒ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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