Sethi, Madhvi; Baby, Saina; Sharma, Aarti Mehta - In: Journal of Economic Studies 49 (2021) 7, pp. 1197-1211
Purpose: The Zhang–Markusen (Z-M) inverse U-shape theory uses education as a human capital variable to investigate the impact of educational attainment on foreign direct investment (FDI) inflows to a country. The objective of this research is to empirically test this theory in a cross-country...