全球智库信息集成服务系统(G2TT): DP11025 Migrants, Ancestors, and Investments

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP11025
	DP11025 Migrants, Ancestors, and Investments
	Thomas Chaney; Konrad Burchardi; Tarek Hassan
发表日期	2015-12-27
出版年	2015
语种	英语
摘要	We use 130 years of data on historical migrations to the United States to show a causal effect of the ancestry composition of US 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 US county at a given time depend on (i) a push factor, causing emigration from that foreign country to the entire United States, and (ii) a pull factor, causing immigration from all origins into that US county. The interaction between time-series variation in country-specific push factors and county-specific pull factors generates quasi-random variation in the allocation of migrants across US counties. We find that a doubling of the number of residents with ancestry from a given foreign country relative to the mean increases by 4.2 percentage points the probability that at least one local firm invests in that country, and increases by 31% the number of employees at domestic recipients of FDI from that country. The size of these effects increases with the ethnic diversity of the local population, the geographic distance to the origin country, and the ethno-linguistic fractionalization of the origin country.
主题	Economic History ; International Macroeconomics and Finance ; International Trade and Regional Economics
关键词	Foreign direct investment International trade Migrations Networks Social ties
URL	https://cepr.org/publications/dp11025
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/539854
推荐引用方式 GB/T 7714	Thomas Chaney,Konrad Burchardi,Tarek Hassan. DP11025 Migrants, Ancestors, and Investments. 2015.