 Migration and Cross-Border Financial FlowsMaurice Kugler (), Oren Levintal and Hillel Rapoport () Post-Print from HAL Abstract: Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial flows from the migrant's host country to her home country. The correlation is strongest where information problems are more acute (e.g., between culturally more distant countries), for asset types that are more informational sensitive, and for the type of migrants that are most able to enhance the flow of information on their home countries, namely, skilled migrants. These differential effects are interpreted as evidence for the role of migration in reducing information frictions between countries. Date: 2018 Published in World Bank Economic Review, 2018, 2 (3), pp.148-162. ⟨10.1093/wber/lhx007⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01630659 DOI: 10.1093/wber/lhx007 Access Statistics for this paper More papers in Post-Print from HAL |
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