International Technology Spillover into Mongolia through Inward FDI and Foreign Educated Human Capital
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This paper reveals different effects of technology spillover on total factor productivity of Mongolia through the foreign educated human capital. Nowadays, the amount of inward FDI into the mining, trade, and service sectors of Mongolia from across the world has been enormously increasing particularly from East Asia, North America, and Europe. The main contributions to increased FDIs into Mongolia were promotional activities to attract FDIs provided both in the home and abroad, and simple procedures of inward FDI. By an unofficial data, over 10 thousand Mongolian students study in foreign universities and over 70 thousand peoples live in foreign countries. Since the FDIs and foreign educated human capital are very important channels of foreign technology diffusion, these trends in Mongolia must show positive effects on total factor productivity of Mongolia, which contributes to economic growth of the country.
Abstract
This paper reveals different effects of technology spillover on total factor productivity of Mongolia through the foreign educated human capital. Nowadays, the amount of inward FDI into the mining, trade, and service sectors of Mongolia from across the world has been enormously increasing particularly from East Asia, North America, and Europe. The main contributions to increased FDIs into Mongolia were promotional activities to attract FDIs provided both in the home and abroad, and simple procedures of inward FDI. By an unofficial data, over 10 thousand Mongolian students study in foreign universities and over 70 thousand peoples live in foreign countries. Since the FDIs and foreign educated human capital are very important channels of foreign technology diffusion, these trends in Mongolia must show positive effects on total factor productivity of Mongolia, which contributes to economic growth of the country.
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