{"title":"Human Capital and International Capital Flows: Evidence from China","authors":"Zhenshan Yang, Yinghao Pan, Dongqi Sun, Li Ma","doi":"10.1177/0160017621989421","DOIUrl":null,"url":null,"abstract":"The pattern of international capital flows has changed dramatically in the process of globalization. In this study, we argue that human capital (HC) facilitates a region’s reversal from being a net recipient of external resources to being an active contributor in the global market. Using a panel vector autoregressive regression method, we examine the relationships among regional HC, foreign direct investment (FDI), and outward FDI during 2004–2015 in China. Our results show that HC plays a key role in both attracting FDI and generating outward FDI. The findings contribute to research on the dynamic capacity building of regions participating in the global economy, especially strengthening HC for local economies participating in the global economy as either investment recipients or contributors.","PeriodicalId":51507,"journal":{"name":"International Regional Science Review","volume":"45 1","pages":"74 - 107"},"PeriodicalIF":1.8000,"publicationDate":"2021-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0160017621989421","citationCount":"7","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Regional Science Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1177/0160017621989421","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 7
Abstract
The pattern of international capital flows has changed dramatically in the process of globalization. In this study, we argue that human capital (HC) facilitates a region’s reversal from being a net recipient of external resources to being an active contributor in the global market. Using a panel vector autoregressive regression method, we examine the relationships among regional HC, foreign direct investment (FDI), and outward FDI during 2004–2015 in China. Our results show that HC plays a key role in both attracting FDI and generating outward FDI. The findings contribute to research on the dynamic capacity building of regions participating in the global economy, especially strengthening HC for local economies participating in the global economy as either investment recipients or contributors.
期刊介绍：
International Regional Science Review serves as an international forum for economists, geographers, planners, and other social scientists to share important research findings and methodological breakthroughs. The journal serves as a catalyst for improving spatial and regional analysis within the social sciences and stimulating communication among the disciplines. IRSR deliberately helps define regional science by publishing key interdisciplinary survey articles that summarize and evaluate previous research and identify fruitful research directions. Focusing on issues of theory, method, and public policy where the spatial or regional dimension is central, IRSR strives to promote useful scholarly research that is securely tied to the real world.
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