| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21847 |
| 来源ID | Working Paper 21847 |
| Migrants, Ancestors, and Investments | |
| Konrad B. Burchardi; Thomas Chaney; Tarek A. Hassan | |
| 发表日期 | 2016-01-11 |
| 出版年 | 2016 |
| 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 origin-specific push factors and destination-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 percentage points the probability that at least one local firm engages in FDI with that country. We present evidence this effect is primarily driven by a reduction in information frictions, and not by better contract enforcement, taste similarities, or a convergence in factor endowments. |
| 主题 | International Economics ; International Factor Mobility ; Financial Economics ; Financial Markets ; Labor Economics ; Unemployment and Immigration ; Industrial Organization ; Market Structure and Firm Performance ; History ; Labor and Health History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w21847 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579521 |
| 推荐引用方式 GB/T 7714 | Konrad B. Burchardi,Thomas Chaney,Tarek A. Hassan. Migrants, Ancestors, and Investments. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w21847.pdf（796KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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