Does aid for education attract foreign investors? An empirical analysis for Latin America.

Autor/inn/en	Donaubauer, Julian; Herzer, Dierk; Nunnenkamp, Peter
Titel	Does aid for education attract foreign investors? An empirical analysis for Latin America.
Quelle	Wien: FIW (2013), 33 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3); PDF als Volltext kostenfreie Datei (4) Link als defekt meldenVerfügbarkeit
Reihe	FIW working paper. 120
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; gedruckt; Monographie; Graue Literatur
Schlagwörter	Bildungspolitik; Entwicklungshilfe; Humankapital; Auslandsinvestition; Bildungsinvestition; Investition; Arbeitspapier; Lateinamerika
Abstract	We address the question of whether foreign aid helps attract foreign direct investment (FDI). This could be achieved if well targeted aid removed critical impediments to higher FDI inflows. In particular, we test the hypothesis that aid for education is an effective means to increase FDI flows to host countries in Latin America where schooling and education appears to be inadequate from the viewpoint of foreign investors. We employ panel data techniques covering 21 Latin American countries over the period from 1984 to 2008. We find that aid for education has a statistically significant positive effect on FDI. This effect is robust to potential outliers, sample selection, alternative specifications and different estimation methods.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2014/1