Moral Economics: Human Capital, Gender Education and Foreign Direct Investment. Updated Empirical Results

Our study’s main purpose was to build a synthesis between human capital and moral economic theories and empirically investigate a more accurate and detailed picture of the relationship between Foreign Direct Investment and human capital to create a foundation for policy and strategic development for host country governments and policymakers. We used the Barro-Lee dataset to employ the educational variables of females and males as well as the institutional and macroeconomic variables for countries belonging to the OECD and EU from 1960 to 2020. Our empirical findings suggest that different levels of human capital affect developed countries differently, as does gender education. Both causality and panel data analyses give prominence to female education, and governments should proceed with measures and reforms based on fairness by reducing gender inequality.