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- ISIDORE Id: 10670/1.e0388d...
- hal: hal-03260190
- doi: 10.1093/restud/rdy044
- SCIENCESPO: 2441/4j5snkuat19kma9diah5p0g5eq
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Mots-clés
Migrations Foreign direct investments International trade Networks Social ties Migrations O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O11 - Macroeconomic Analyses of Economic Development J - Labor and Demographic Economics/J.J6 - Mobility, Unemployment, Vacancies, and Immigrant Workers/J.J6.J61 - Geographic Labor Mobility • Immigrant Workers L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L14 - Transactional Relationships • Contracts and Reputation • NetworksSujets proches
Inheritance (Biology) Pangenesis Ancestry Descent Genealogy--Handbooks, manuals, etc Genealogical research Family trees Genealogy--Sources Genealogy--History Family history (Genealogy) Genealogy--Research Ancestry Descent Pedigrees Genealogy--Methodology Biography--Ancestry Relations with family Biography--Descendants Biography--Family AncestryCiter ce document
Konrad Buchardi et al., « Migrants, Ancestors and Foreign Investments », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1093/restud/rdy044
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Résumé
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 doubling the number of residents with ancestry from a given foreign country relative to the mean increases the probability that at least one local firm engages in FDI with that country by 4 percentage points. We present evidence that 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.
