Impact of Foreign Direct Investment on educational attainment: empirical evidence from Asian countries

Sujan Chandra Paul; Ashim Kumar Nandi; Fatema Tuz Zohora; Md Arif Hosen

doi:10.20525/ijrbs.v14i4.3944

Authors

Sujan Chandra Paul Department of Accounting and Information Systems, University of Barishal, Barishal-8254, Bangladesh
Ashim Kumar Nandi Department of Sociology, University of Barishal, Barishal-8254, Bangladesh https://orcid.org/0000-0001-7158-6238
Fatema Tuz Zohora Department of Marketing, University of Barishal, Barishal-8254, Bangladesh https://orcid.org/0000-0002-5328-329X
Md Arif Hosen Department of English, University of Barishal, Barishal-8254, Bangladesh

DOI:

https://doi.org/10.20525/ijrbs.v14i4.3944

Keywords:

Foreign direct investment, Educational Attainment, Primary, Secondary, Tertiary, Bachelor, Masters, Docttoral

Abstract

This study aims to explore the effect of foreign direct investment on the educational attainment. This paper employed the POLS and 2SLS models. In Pooled Ordinary Least Square Model, educational attainment in primary, lower secondary, upper secondary and masters’ level have the significant positive relationship with foreign direct investment. In Two stage Least Square Model, educational attainment in primary, lower secondary, upper secondary, tertiary and masters’ level have the significant positive relationship with foreign direct investment. This study contributes to look at the impact foreign direct investment on educational attainment. Panel data from 38 Asian countries was gathered for this study, which spanned the years 2011 to 2022. The study results have important policy implications as they are directly linked to the United Nations’ Sustainable Development Goals (SDGs) Target 4.1, which aims to guarantee that all girls and boys get free, equitable, and high-quality primary and secondary education by 2030, resulting in relevant and effective learning outcomes.

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