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ISSN : 1738-3110

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Vol.18 No.9
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Impacts of Foreign Direct Investment on Human Capital in ASEAN

Impacts of Foreign Direct Investment on Human Capital in ASEAN

The Journal of Distribution Science(JDS) / The Journal of Distribution Science, (P)1738-3110; (E)2093-7717
2020, v.18 no.9, pp.13-18
https://doi.org/https://doi.org/10.15722/jds.18.9.202009.13
NGUYEN, Hoi Van (Ministry of Industry and Trade)
NGUYEN, Thuy Thi Thu (School of Economics and Management, Hanoi University of Science and Technology)
TO, Tha Hien (Military Technical Academy)
DANG, Duong Quy (Vietnam National University)
Luong, Trang Thi Dai (Foreign Trade University)
NGUYEN, Hoi Van, NGUYEN, Thuy Thi Thu, TO, Tha Hien, DANG, Duong Quy, & Luong, Trang Thi Dai. (2020). Impacts of Foreign Direct Investment on Human Capital in ASEAN. The Journal of Distribution Science(JDS), 18(9), 13-18, https://doi.org/https://doi.org/10.15722/jds.18.9.202009.13
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Abstract

Purpose: Research and development of human capital in countries bring sustainable development to the nations. Especially for developing countries, the attraction of foreign direct investment not only brings economic growth to the country but also contributes to improving human capital. This study aims to assess the impact of foreign direct investment on human capital in ASEAN countries. Research design, data and methodology: With data collected from ASEAN countries from 1990 to 2019, panel data analysis is performed with revised model types (the Pooled OLS, Fixed effect model, Random effect model and regression with Driscoll-Kraay standard errors). Result: The results of the regression analysis show that FDI has a positive impact on human capital. At the same time, the study also found that public investment in education also positively affects human capital; the life expectancy factor does not affect human capital. Conclusions: With this research result, the authors also proposed a number of solutions to improve human capital by attracting FDI and improving the efficiency of investment for the education of ASEAN countries. Besides, public expenditure on education also plays an important role in raising human capital. Therefore, investment in education should be promoted further in the future.

keywords
Foreign Direct Investment, Human Capital, Investment in Education Distribution

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