Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource A cross-country analysis of the relationship between human capital and foreign direct investment Subject The topic of the resource Country groups; Educational attainment; FDI; Human capital; Panel regression; ZhangMarkusen hypothesis Description An account of the resource Purpose: The ZhangMarkusen (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 framework. Design/methodology/approach: Fixed effect panel regression has been used to test the Z-M hypothesis for 172 countries for the period 19902015. For the purpose of this study, countries were divided into four groups as per the World Bank classification: Low-income economies, lower middle-income countries, upper middle-income economies and high-income economies. Findings: The findings of this study reinforce the proposition that macroeconomic factors are the major determinants of FDI inflows into various countries. The authors find that the size of the market measured by gross domestic product (GDP), the growth potential of the market measured by real GDP growth rate and the availability of infrastructure are the major factors that enhance the attractiveness of a country as an FDI destination. Originality/value: Though the Z-M theory has been empirically tested in cross-country frameworks, no consensus has been reached. Thus, it is interesting to look again at the validity of the Z-M hypothesis using data covering longer and more recent periods. The study includes both macroeconomic and human capital determinants of FDI, so as to arrive at a comprehensive model explaining the FDI flows into various countries. 2021, Emerald Publishing Limited. Creator An entity primarily responsible for making the resource Sethi M.; Baby S.; Sharma A.M. Source A related resource from which the described resource is derived Journal of Economic Studies, Vol-49, No. 7, pp. 1197-1211. Publisher An entity responsible for making the resource available Emerald Publishing Date A point or period of time associated with an event in the lifecycle of the resource 2022-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1108/JES-07-2021-0348" target="_blank" rel="noreferrer noopener">https://doi.org/10.1108/JES-07-2021-0348</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85117780651&amp;doi=10.1108%2FJES-07-2021-0348&amp;partnerID=40&amp;md5=18282128384d459aed470511848820a0" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85117780651&amp;doi=10.1108%2fJES-07-2021-0348&amp;partnerID=40&amp;md5=18282128384d459aed470511848820a0</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 1443585 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Sethi M., Symbiosis Institute of Business Management Bengaluru, Symbiosis International (Deemed University), Pune, India; Baby S., Management, Symbiosis Institute of Business Management Bengaluru, Symbiosis International (Deemed University), Pune, India; Sharma A.M., Department of Professional Studies, Christ University, Bangalore, India