How immigration affects investment and productivity in host and home countries

Grossmann, Volker

doi:10.15185/izawol.292.v2

Cited by 5 publications

(4 citation statements)

References 14 publications

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“…Moreover, we use data from the Federal Statistical Office (FSO) on the population by region and year from the annual population statistics ESPOP which is available from 1981 to 2010 and from the population and household statistics STATPOP which is available since 2011 (Graf et al, 2010;Grossmann, 2021). The main explanatory variable employs the permanent resident population and the permanent foreign resident population of a region for the years from 1985 to 2016.…”

Section: Datamentioning

confidence: 99%

“…We use that data as an alternative measure of the immigration flow in our robustness analysis. The construction of the instrument as well as the event study relies, in addition to information on the permanent resident population in Switzerland by nationality from ESPOP and STATPOP, on the 1980 federal population census which offers the resident population by nationality and municipality (Graf et al, 2010;Grossmann, 2021;Grossmann et al, 2021a). 19 16 See Goldsmith-Pinkham et al (2020).…”

Section: Datamentioning

confidence: 99%

“…Because housing rental rates are available for a shorter period (1998)(1999)(2000)(2001)(2002)(2003)(2004)(2005)(2006)(2007)(2008)(2009)(2010)(2011)(2012)(2013)(2014)(2015)(2016) than house prices and at the cantonal (rather than MS) level only, we restrict β 2 = 0 for all estimates with cantonal level data. In fact, in the period (1) 20 The respective data sources are the federal population census for 1990, PETRA (statistics of foreign resident population) for 1991-2009 and STAT-POP for 2010-2016 (Grossmann et al, 2021a, b;Grossmann, 2021). 21 There are seven major regions is Switzerland: Lake Geneva region, Espace Mittelland, Northwestern Switzerland, Zurich, Eastern Switzerland, Central Switzerland, Ticino.…”

Section: Model 1: IV Approachmentioning

confidence: 99%

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How does immigration affect housing costs in Switzerland?

Helfer

Grossmann

Osikominu

2023

Swiss J Economics Statistics

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This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labor markets (“Mobilité Spatiale” regions) and 26 cantons, respectively. We propose two empirical strategies that exploit the Agreement on the Free Movement of Persons (AFMP) with the European Union (EU), enacted in 2002, as an exogenous shock to immigration. The first approach uses the AFMP reform within an instrumental variable approach, instrumenting current regional inflows of immigrants based on the historical distribution of immigrants across regions. The second conducts an event study of housing price changes before and after the reform, distinguishing between regions with historically high, medium, and low immigration from EU-15 countries. The analysis based on data at the level of local labor markets for the years 1985–2016 suggests that immigration triggered off by the AFMP reform has substantially raised prices of single-family homes and of owner-occupied apartments. Before the reform, immigration has not affected house prices. Estimates based on cantonal data for the years 1998–2016 suggest that immigration has raised rental prices even more than prices of owner-occupied housing.

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Section: Datamentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

Section: Model 1: IV Approachmentioning

confidence: 99%

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How does immigration affect housing costs in Switzerland?

Helfer

Grossmann

Osikominu

2023

Swiss J Economics Statistics

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“…Our results have potentially important policy implications. Despite the undisputed positive e↵ects of (particularly) high-skilled immigration on labour market outcomes and the economic development of an advanced economy such as Switzerland (e.g., Beerli et al, 2021;Grossmann, 2021), associated increases in housing prices particularly harm low-income individuals who do not own housing property. Ignoring these e↵ects can generate resistance to liberal migration policies, as observed in Switzerland and elsewhere.…”

Section: Discussionmentioning

confidence: 99%

How Does Immigration Affect Housing Costs in Switzerland?

Helfer¹,

Grossmann

Osikominu

2023

SSRN Journal

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An investigation on immigration inflows, GDP productivity and knowledge production in selected OECD countries: A panel model analysis

Afzal,

Kalra

2024

REPS

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PurposeThe purpose of this study is to investigate the impact of pervasive immigrant inflows on GDP productivity growth in selected OECD countries, including Australia, Canada, Germany, Italy, New Zealand and the USA. The study aims to consider patent filing residence and non-residence as well as R&D expenditure to see if large immigrant destination countries can accept many immigrants to generate knowledge and creativity and stimulate economic development.Design/methodology/approachThe study uses OECD and WDI data sets from 2000 to 2019 and employs a fundamental correlation matrix and static panel model to analyze the data. The study examines the impact of residential and non-residential patent applications and R&D expenditure on GDP productivity growth in the selected OECD countries.FindingsThe study found an adverse effect for residential patent applications, while non-residential patent application and R&D expenditure variables were strongly linked to GDP productivity. This indicates that to reap the benefits of skilled immigration inflows, the selected OECD countries must devote more resources to research and development and build a knowledge-based economy. This will improve economic efficiency and overall growth.Originality/valueThis paper assists policymakers in comprehending how to effectively utilize immigration inflows in developed and emerging economies in order to construct a future knowledge-based economic system.

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How immigration affects investment and productivity in host and home countries

Abstract: How immigration affects investment and productivity in host and home countriesImmigration may boost foreign direct investment, productivity, and housing investment

Cited by 5 publications

References 14 publications

How does immigration affect housing costs in Switzerland?

How does immigration affect housing costs in Switzerland?

How Does Immigration Affect Housing Costs in Switzerland?

An investigation on immigration inflows, GDP productivity and knowledge production in selected OECD countries: A panel model analysis

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