Migrant networks and foreign direct investment

• 成果类型: Article
• 署名作者: Javorcik, Beata S.; Oezden, Caglar; Spatareanu, Mariana; Neagu, Cristina
• 署名单位: University of Oxford; Centre for Economic Policy Research - UK; The World Bank; Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2010.01.012
• 发表日期: 2011
• 页码: 231-241
• 关键词: MIGRATION; Foreign direct investment; Brain drain

摘要

Although there exists a sizeable literature documenting the importance of ethnic networks for international trade, little attention has been devoted to studying the effects of migrants on foreign direct investment (FDI). The presence of migrants can stimulate FDI by promoting information flows across international borders and by serving as a contract enforcement mechanism. This paper investigates the link between the presence of migrants in the US and US FDI in the migrants' countries of origin, taking into account the potential endogeneity concerns. The results suggest that US FDI abroad is positively correlated with the presence of migrants from the host country. The data further indicate that the relationship between FDI and migration is stronger for migrants with tertiary education. (C) 2010 Elsevier B.V. All rights reserved.