Impact of language-augmented human capital on foreign direct investment: a study of developing countries
Foreign direct investment is regarded as a key element in globalization and international economic integration. Being an additional source of investment funding, it plays an integral role in the economic development of countries. This study investigates the relationship between English language prof...
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| Format: | Article |
| Language: | English |
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South Asian Academic Research Journals
2016
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| Online Access: | http://psasir.upm.edu.my/id/eprint/54504/1/Impact%20of%20language-augmented%20human%20capital%20on%20foreign%20direct%20investment.pdf |
| _version_ | 1825931050507829248 |
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| author | Wilson, O. C. S. Premagowrie, Sivanandan Abdul Hamid, Baharom Habibullah, Muzafar Shah |
| author_facet | Wilson, O. C. S. Premagowrie, Sivanandan Abdul Hamid, Baharom Habibullah, Muzafar Shah |
| author_sort | Wilson, O. C. S. |
| collection | UPM |
| description | Foreign direct investment is regarded as a key element in globalization and international economic integration. Being an additional source of investment funding, it plays an integral role in the economic development of countries. This study investigates the relationship between English language proficiency and foreign direct investment in developing countries. The study used macro and socio-economic variables of foreign direct investment, level of English language proficiency, income per capita and unemployment. A sample of forty-nine (49) developing countries is used. The model was regressed cross-sectionally and White standard error was employed to remove traces of heterogeneity. As expected, it is found that there are significant relationships between (1) English language proficiency and foreign direct investment; and (2) income per capita and foreign direct investment. The results confirmed the importance of English language proficiency in attracting foreign direct investment into developing countries. It also provides some insights to designing of policies mainly to raise the level of human resources capabilities in terms of improved language proficiency to facilitate sustainable flows of investment from abroad. |
| first_indexed | 2024-03-06T09:20:52Z |
| format | Article |
| id | upm.eprints-54504 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:20:52Z |
| publishDate | 2016 |
| publisher | South Asian Academic Research Journals |
| record_format | dspace |
| spelling | upm.eprints-545042018-03-21T04:21:43Z http://psasir.upm.edu.my/id/eprint/54504/ Impact of language-augmented human capital on foreign direct investment: a study of developing countries Wilson, O. C. S. Premagowrie, Sivanandan Abdul Hamid, Baharom Habibullah, Muzafar Shah Foreign direct investment is regarded as a key element in globalization and international economic integration. Being an additional source of investment funding, it plays an integral role in the economic development of countries. This study investigates the relationship between English language proficiency and foreign direct investment in developing countries. The study used macro and socio-economic variables of foreign direct investment, level of English language proficiency, income per capita and unemployment. A sample of forty-nine (49) developing countries is used. The model was regressed cross-sectionally and White standard error was employed to remove traces of heterogeneity. As expected, it is found that there are significant relationships between (1) English language proficiency and foreign direct investment; and (2) income per capita and foreign direct investment. The results confirmed the importance of English language proficiency in attracting foreign direct investment into developing countries. It also provides some insights to designing of policies mainly to raise the level of human resources capabilities in terms of improved language proficiency to facilitate sustainable flows of investment from abroad. South Asian Academic Research Journals 2016-02 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/54504/1/Impact%20of%20language-augmented%20human%20capital%20on%20foreign%20direct%20investment.pdf Wilson, O. C. S. and Premagowrie, Sivanandan and Abdul Hamid, Baharom and Habibullah, Muzafar Shah (2016) Impact of language-augmented human capital on foreign direct investment: a study of developing countries. ACADEMICIA: An International Multidisciplinary Research Journal, 6 (2). pp. 81-93. ISSN 2249-7137 https://saarj.com/wp-content/images/2017/10/ACADEMICIA-FEBRUARY-2016-ABSTRACT-PDF.pdf Developing countries; English proficiency; Foreign direct investment; Human capital |
| spellingShingle | Developing countries; English proficiency; Foreign direct investment; Human capital Wilson, O. C. S. Premagowrie, Sivanandan Abdul Hamid, Baharom Habibullah, Muzafar Shah Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title | Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title_full | Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title_fullStr | Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title_full_unstemmed | Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title_short | Impact of language-augmented human capital on foreign direct investment: a study of developing countries |
| title_sort | impact of language augmented human capital on foreign direct investment a study of developing countries |
| topic | Developing countries; English proficiency; Foreign direct investment; Human capital |
| url | http://psasir.upm.edu.my/id/eprint/54504/1/Impact%20of%20language-augmented%20human%20capital%20on%20foreign%20direct%20investment.pdf |
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