2018
DOI: 10.1093/restud/rdy044
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Migrants, Ancestors, and Foreign Investments

Abstract: We use 130 years of data on historical migrations to the U.S. to show a causal effect of the ancestry composition of U.S. counties on foreign direct investment (FDI) sent and received by local firms. To isolate the causal effect of ancestry on FDI, we build a simple reduced-form model of migrations: Migrations from a foreign country to a U.S. county at a given time depend on (1) a push factor, causing emigration from that foreign country to the entire U.S., and (2) a pull factor, causing immigration from all o… Show more

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Cited by 138 publications
(128 citation statements)
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“…27 We focus on the one percent ACS also individual characteristics like education and citizenship status. As discussed previously, we limit our sample to Hispanic, black, and white heads of households with less than a high school degree -a fragile and connected sample of households.…”
Section: Data and Empirical Methodologymentioning
confidence: 99%
“…27 We focus on the one percent ACS also individual characteristics like education and citizenship status. As discussed previously, we limit our sample to Hispanic, black, and white heads of households with less than a high school degree -a fragile and connected sample of households.…”
Section: Data and Empirical Methodologymentioning
confidence: 99%
“…To address this, we use the total stock of immigrants in Europe net of those that that eventually settled in region r. A similar "leave-out" strategy is also used in Burchardi et al (2018) and Tabellini (2018). 25 We instrument the squared immigrants' share with the squared predicted immigrants' share.…”
Section: Ideology Controls Xmentioning
confidence: 99%
“…There is evidence that proximity matters for venture capital investors(Bernstein, Giroud and Townsend, forth. ), and that migration links matter for FDI across locations in the US(Burchardi, Chaney and Hassan 2015).…”
mentioning
confidence: 97%