Impact of Vocational Education on Attracting Foreign Direct Investment to ASEAN Countries
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Abstract
This study aims to examine whether the vocational education system in ASEAN should help attracting foreign direct investment into the region. Using secondary data in ASEAN since 1994 - 2015 with the random effect equation, our results show that the number of vocational students affects direct foreign direct investment to Thailand, Indonesia, the Philippines and Malaysia, but does not affect the direct investment from Singapore, Brunei, Laos PDR and Cambodia. Therefore, one of strategies to promote foreign direct investment into this ASEAN region, the ASEAN member countries should have agreement to improve quality and establish the standard of vocational education in this region.
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