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作者

Zhenshan Yang, Yinghao Pan, Dongqi Sun, Li Ma

来源

INTERNATIONAL REGIONAL SCIENCE REVIEW,

语言

英文

关键字

作者单位

1Key Lab of Regional Sustainable Development and Modelling, Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing, China;2College of Resources and Environment, University of Chinese Academy of Sciences, Beijing, China;3Department of Real Estate, National University of Singapore, Singapore

摘要

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.