The hub continent. Immigrant networks, emigrant diasporas and FDI

Flisi, Sara; Murat, Marina Giovanna

doi:10.1016/j.socec.2011.08.025

Cited by 38 publications

(32 citation statements)

References 25 publications

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“…There is also evidence of migrants contributing to their countries of origin through investments, trade, aid, the transmission of technology and know‐how, financial development and poverty reduction (e.g. Gillespie et al., ; Saxenian, , ; Acosta et al., ; Cattaneo, ; Coughlin and Wall, ; Flisi and Murat, ; Javorcik et al., ; De Simone and Manchin, ; Amendolagine et al., ; Brown et al., ; Law et al., ).…”

Section: Introductionmentioning

confidence: 99%

Chinese Migrants and their Impact on Homeland Development

Wei

Liu

et al. 2017

World Economy

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This paper aims to systematically examine the impact of Chinese migrants on the economic activities of indigenous Chinese firms from two dimensions: foreign direct investment (FDI) by ethnic Chinese (ECI) and returnees. Using a unique data set for firms in Zhongguancun Science Park, Beijing, we carry out an in‐depth empirical study on the effects of ECI and returnees on indigenous Chinese firms’ productivity, exports and R&D in comparison with the effects of non‐ethnic Chinese FDI. The findings have important policy implications.

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Section: Introductionmentioning

confidence: 99%

Chinese Migrants and their Impact on Homeland Development

Wei

Liu

et al. 2017

World Economy

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“…Therefore, even if brain drain depresses the average schooling level, FDI is likely to rise. Flisi and Murat (2011) The study reported that migration helps to form business links that lead to FDI project deployment in a particular location. If migrants become part of a business community, a network can emerge whereby migrants liaise with potential investors and partners seeking to establish a production facility in the migrants' country of origin 4 .…”

Section: Introductionmentioning

confidence: 99%

Homeward bound FDI: Are migrants a bridge over troubled finance?

2016

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Migrants can lower cross-border investment barriers, help investors by providing information about their homeland and reduce transaction costs by sharing expertise on regulations, customs and procedures. In addition to generating these well-known networking effects, migrants can also provide valuable information about local finance, thereby easing the credit constraints foreign investors faced during the 2007 financial crisis. This paper sheds new light on the underlying mechanisms through which migration may affect foreign investment in the migrant's homeland by distinguishing between the effects on FDI's intensive and extensive margins. Gravity estimates for 140 countries for the period 2003-2012 suggest that migrants exert a positive effect on bilateral FDI. However, financial constraints moderate this effect, primarily through the extensive margin. Additionally, quantile regression reveals that the interaction between migration and credit constraints is significant only for the lower levels of FDI. Our findings contribute to a better understanding of the interplay among migration, financial constraints and FDI.

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“…Moreover, Flisi and Murat (2011, p. 797) show that the impact of immigrants on FDI from less developed countries is as strong as that of immigrants from richer economies. FDI is attracted by networks but not the other way around (Flisi & Murat, 2011).…”

Section: Literature Review and Theory Developmentmentioning

confidence: 99%

“…Here, FDI and immigration can be perceived as substitutes. Let us note that Metelski and Mihi-Ramirez (2015) foreground the bidirectionality of labour and capital flows, so that an "investor country" also is a sending country, especially when migrants manage to create networks over time, facilitating the flow of information about business opportunities in their countries of origin while reducing transnational costs (Cuadros et al, 2016;Jayet & Marchal, 2016;Simone & Manchin, 2012;Flisi & Murat, 2011;Docquier & Lodigiani, 2010).…”

Section: Introductionmentioning

confidence: 99%

The International Movements of Capital and Labour: A Study of Foreign Direct Investment and Migration Flows

Mihi-Ramírez

Arteaga-Ortíz

Ojeda-González

2019

EBER

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A B S T R A C T Objective:The study seeks to analyse the interaction of foreign direct investment, emigration, and immigration before and after the great economic recession. Research Design & Methods:We used the Linear Mixed Model (LMM) to analyse interaction of foreign direct in-vestment (FDI), emigration, and immigration for 112 countries with which Spain has closely interconnected migratory and investment chains, and we focused on the analy-sis of both the pre-crisis 1998-2007 and post-crisis 2008-2016 periods. Findings: The results show that the higher number of immigrants in Spain is related to an overall higher Spanish FDI flows toward the immigrants' origin countries. This relation between migration and FDI might be sustained in the long run as opposed to what was often raised in classical approaches. In fact, migration and FDI act like two sides of the same coin. Implications & Recommendations: Based on our results, we propose more proactive migration policies that support inte-gration in host countries, migrants' return to home countries, and also trade agree-ments as an instrument that endorses selective FDI flow to more productive and criti-cal sectors in home countries. Moreover, our results show that lower FDI is usually associated with a higher volume of emigration from Spain. Contribution & Value Added: In a sense, FDI and migration may be considered a risk aversion strategy. Article type:research paper

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The hub continent. Immigrant networks, emigrant diasporas and FDI

Cited by 38 publications

References 25 publications

Chinese Migrants and their Impact on Homeland Development

Chinese Migrants and their Impact on Homeland Development

Homeward bound FDI: Are migrants a bridge over troubled finance?

The International Movements of Capital and Labour: A Study of Foreign Direct Investment and Migration Flows

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