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Outward Migration and Inward FDI: Factor Mobility between Eastern and Western Europe

机译:向外移民与外国直接投资:东欧和西欧之间的要素流动

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A growing strand of literature highlights that migration may favor growth-enhancing technology transfer, trade, and foreign direct investments between the source and the host economies of migrants (network effects). A specific channel is explored through which the possible "diaspora externality" associated with the emigration of workers may occur: the removal of informational, cultural, and reputational barriers that could prevent firms of high-income countries from investing in the low-income immigrants' economies of origin. By means of a straightforward gravity specification, a fragmentation and multinational production model is taken to the data. The focus is on the mobility of capital and workers between the advanced European Union countries (EU15) and New Member States (NMS) in the 1995-2007 period. The evidence points to a significant correlation between the volume of EU15's activities in NMS and the total stock of NMS's own-migrants in the EU15 economies.
机译:越来越多的文献强调,移民可能会促进增长的技术转让,贸易和移民的来源国与所在国之间的外国直接投资(网络效应)。探索了一个特定的渠道,通过该渠道,可能发生与工人移民有关的“流散性外部性”:消除可能阻止高收入国家的公司投资于低收入移民的信息,文化和声誉障碍。原产地经济。通过直接的引力规范,可以对数据采用分散和跨国生产模型。重点是在1995年至2007年期间,先进的欧盟国家(EU15)与新成员国(NMS)之间的资本和工人流动。证据表明,EU15在NMS中的活动量与EU15经济体中NMS自身移民的总量之间存在显着相关性。

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