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231006 ||| eng |
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|a Liu, Yan
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| 245 |
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|a Does Foreign Direct Investment Catalyze Local Structural Transformation and Human CapitalAccumulation?
|h Elektronische Ressource
|b Evidence from China
|c Yan Liu
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| 260 |
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|a Washington, D.C
|b The World Bank
|c 2022
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| 300 |
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|a 42 pages
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| 653 |
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|a Macroeconomics and Economic Growth
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| 653 |
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|a Urban Unemployment
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| 653 |
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|a Business Cycles and Stabilization Policies
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| 653 |
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|a International Trade and Trade Rules
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| 653 |
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|a Investment and Investment Climate
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| 653 |
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|a Agreement On Trade-Related Investment
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| 653 |
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|a Industry
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| 653 |
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|a Foreign Direct Investment
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| 653 |
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|a Manufacturing Industry
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| 653 |
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|a International Economics and Trade
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| 653 |
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|a Sectoral Composition
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| 653 |
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|a Skills Development and Labor Force Training
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| 653 |
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|a General Manufacturing
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| 653 |
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|a Global Production Network
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b WOBA
|a World Bank E-Library Archive
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| 028 |
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|a 10.1596/1813-9450-9952
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| 856 |
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|u http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-9952
|x Verlag
|3 Volltext
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|a 330
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|a This paper examines the effect of foreign direct investment on local structural transformation and human capital accumulation in China, exploiting variations in foreign direct investment inflows across manufacturing sub-sectors caused by China's foreign direct investment deregulation and initial sectoral composition patterns across China's cities and provinces. Using a panel of city-level data from 1990 to 2005, the paper shows that manufacturing foreign direct investment inflows greatly accelerated city-level structural transformation and human capital accumulation. By expanding access to the global market, foreign direct investment created a huge pull factor that drew excess labor away from farms into factories and services. Foreign direct investment has promoted high school and university enrollment by paying a higher wage premium for skilled workers and pushing up the skill premium. The positive effect on structural transformation is largely driven by export-oriented foreign direct investment, while market-seeking foreign direct investment has a much larger effect on college enrollment. High-skill foreign direct investment has a larger effect on college enrollment than low-skill foreign direct investment
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