Javorcik, Beata Smarzynska
[VerfasserIn]
;
Ozden, Caglar
[Sonstige Person, Familie und Körperschaft];
Spatareanu, Mariana
[Sonstige Person, Familie und Körperschaft];
Constantinescu, Cristina
[Sonstige Person, Familie und Körperschaft]
Erschienen in:World Bank Policy Research Working Paper ; No. 4046
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1 Online-Ressource (23 p)
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Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2006 erstellt
Beschreibung:
While there exists sizeable literature documenting the importance of ethnic networks for international trade, little attention has been devoted to studying the effects of networks on foreign direct investment (FDI). The existence of ethnic networks may positively affect 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 United States and U.S. FDI in the migrants' countries of origin, taking into account the potential endogeneity concerns. The results suggest that U.S. 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 driven by the presence of migrants with a college education