Recent economic literature highlights that migrant networks help to overcome theinformal barriers that exist in the international markets and boost international investment.Empirical studies on different countries confirm this prediction. This paper estimates (OLS-IV) aneconometric model to study the impact of both emigration and immigration on Italy’s bilateralforeign direct investment (FDI). The main result is that only the Italian diaspora has a significantpositive effect on Italy’s both inward and outward FDI. A theoretical framework, a profile of thediaspora and of immigration in Italy and some exemplary entrepreneurial histories help to interpretthe econometric evidence.
Recent economic literature highlights that migrant networks help to overcome the informal barriers that exist in the international markets and boost international investment. Empirical studies on different countries confirm this prediction. This paper estimates (OLS-IV) an econometric model to study the impact of both emigration and immigration on Italy’s bilateral foreign direct investment (FDI). The main result is that only the Italian diaspora has a significant positive effect on Italy’s both inward and outward FDI. A theoretical framework, a profile of the diaspora and of immigration in Italy and some exemplary entrepreneurial histories help to interpret the econometric evidence.
Murat, Marina Giovanna, Barbara, Pistoresi e Alberto, Rinaldi. "Italian diaspora and foreign direct investment: a cliometric perspective." Working paper, RECENT WORKING PAPER SERIES, RECent (Center for Economic Research) - Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2008. https://doi.org/10.25431/11380_619459
Italian diaspora and foreign direct investment: a cliometric perspective.
MURAT, Marina Giovanna;PISTORESI, Barbara;RINALDI, Alberto
2008
Abstract
Recent economic literature highlights that migrant networks help to overcome the informal barriers that exist in the international markets and boost international investment. Empirical studies on different countries confirm this prediction. This paper estimates (OLS-IV) an econometric model to study the impact of both emigration and immigration on Italy’s bilateral foreign direct investment (FDI). The main result is that only the Italian diaspora has a significant positive effect on Italy’s both inward and outward FDI. A theoretical framework, a profile of the diaspora and of immigration in Italy and some exemplary entrepreneurial histories help to interpret the econometric evidence.
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