2018
DOI: 10.3390/su10062063
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The Nexus of FDI, R&D, and Human Capital on Chinese Sustainable Development: Evidence from a Two-Step Approach

Abstract: This study examines the effect of the foreign direct investment (FDI)-human capital and R&D-human capital interactions (FDIHC and RDHHC) on Chinese development between 1991 and 2015. Based on endogenous growth theory, the study focuses on FDI, R&D, and human capital as important factors for sustained economic growth; the interactions among factors are set as the main variables affecting economic growth (GDP). In particular, this study attempts a two-step empirical analysis. First, data mining and semantic netw… Show more

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Cited by 20 publications
(14 citation statements)
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References 64 publications
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“…(We confirmed that the words with TF-IDF rankings of over 50 were not significantly correlated with cultural exchange. We also empirically confirmed that the number of appropriate words in the visualization process was 50-120 [40,41]. Therefore, the threshold of 50 words was deemed important for analyzing the level of cultural exchange between the two countries (see Table 2).…”
Section: The Results Of Text Mining: Tf-idf and Degree Centralitysupporting
confidence: 60%
“…(We confirmed that the words with TF-IDF rankings of over 50 were not significantly correlated with cultural exchange. We also empirically confirmed that the number of appropriate words in the visualization process was 50-120 [40,41]. Therefore, the threshold of 50 words was deemed important for analyzing the level of cultural exchange between the two countries (see Table 2).…”
Section: The Results Of Text Mining: Tf-idf and Degree Centralitysupporting
confidence: 60%
“…We employed VECM to detect causality among variables of the model in the long-run and short-run by following the approach adopted by the prior studies of M Belloumi [21], and G Erdal, H Erdal, and K Esengün [49]. Furthermore, we employed the variance decomposition (VDC) test to have more consistent results by following the prior study conducted by S-D Park [62].…”
Section: Empirical Approach and Data Collectionmentioning
confidence: 99%
“…As a proof in this sense, after a complex query of the SCOPUS database (using key phrases "FDI", "economic growth", "text mining" etc. ), only 3 articles (out of more than 70 millions documents) that corresponded to the search criteria resulted (Park, 2018;Kumari & Kumar Sharma, 2017;Bruhn et al, 2016), but none of them addressed all aspects of this research at the same time (either focusing only on the relationship between "foreign direct investment" and "economic growth", without having a bibliometric approach; or using the text mining technique, but focusing on infrastructure instead of foreign direct investments etc. ).…”
Section: Literature Reviewmentioning
confidence: 99%