Impact on Intercultural Competence When Studying Abroad and the Moderating Role of Personality

The purpose of this study is to assess how studying abroad impacts the development of intercultural competence and the moderating role of student’s personality. This research uses a pre-post design with a sample of 264 undergraduate students from four Colombian universities; it includes a group of students who participated in a one semester study-abroad program and a control group who did not travel. The average level of increase in intercultural competence for the students who went abroad was 0.511 standard deviations above the average of those who had not studied abroad. The results from hierarchical linear regression did not yield any evidence that supports the moderating effects of the personality factors on the relation between study abroad and intercultural competence.     

Foreign Direct Investment and Income Inequality in Southeast Asia: a Panel Unit Root and Panel Cointegration Analysis, 1990–2013

This paper examines the relationship between foreign direct investment (FDI) and income distribution in the host country as measured by the Gini coefficient. After providing some background and reviewing the extant literature, it undertakes a panel unit root and cointegration analysis that tests whether FDI has a non-linear impact on income inequality in seven selected Southeast Asian countries over the period 1990 to 2013. The paper finds strong evidence for panel cointegration using the Pedroni Augmented Dickey Fuller (ADF) and Phillips-Perron (PP) tests. Thus, it proceeds to utilize the group-mean fully modified ordinary least squares (FMOLS) procedure to generate long-run estimates that are unbiased and consistent. The FMOLS estimator is also extremely accurate even in panels with very heterogeneous serial correlation dynamics, fixed effects, and endogenous regressors. The results confirm the hypothesis that FDI inflows tend to raise income inequality in the short run but reduce it in the long run. In this study, the Gini index starts decreasing after FDI inflows as a percentage of GDP reaches 5.6. The fact that the Gini coefficient reaches its maximum at a relatively low level of FDI inflows suggests that sample countries are endowed with substantial absorptive capacity. In other words, they will shift into the new technological paradigm quickly, thus supporting pro-globalization claims that, on balance, FDI is more beneficial than harmful.