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Full-Text Articles in Social and Behavioral Sciences
Fdi, Education, And Economic Growth: Quality Matters!, Miao Wang, M. C. Sunny Wong
Fdi, Education, And Economic Growth: Quality Matters!, Miao Wang, M. C. Sunny Wong
Economics Faculty Research and Publications
In this paper, we revisit the results from the influential study by Borensztein et al. (Journal of International Economics 45:115–135, 1998), which argues that inward foreign direct investment (FDI) promotes the economic growth in a less developed host country only when the host country obtains a threshold level of secondary schooling. Borensztein et al. (Journal of International Economics 45:115–135, 1998) only focus on the quantity of education. We take into consideration both the quantity and the quality of education. We adjust the original schooling data in Borensztein et al. (Journal of International Economics 45:115–135, 1998) by two quality of education …