 Foreign education and international trade: empirical evidence from selected Latin American countriesInternational Review of Applied Economics, 2018, vol. 32, issue 1, 84-103 Abstract: Social ties among university students – of friendship, mutual trust and attachment to the alma mater – tend to be robust and enduring. Through information-diffusion and behaviour-enforcement mechanisms, they can boost the economic exchanges between countries. This paper tests the influence of Latin American people with a tertiary education in OECD countries on the bilateral trade between the home economy and the country of the alma mater, taking into account potential endogeneity concerns. Results show that Latin American student networks exert strong, positive and significant effects on bilateral imports and exports. A 10% increase in the number of Latin American students in the OECD economy boost bilateral trade by about 3%. At a more disaggregated level, their impact on differentiated goods is significantly higher than on homogenous products. Their incidence is lower in the presence of bilateral trade agreements and economic integration between countries. Results are robust to the deep economic and political transformations of the period considered, and to the use of different regressors and specifications. Date: 2018 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:irapec:v:32:y:2018:i:1:p:84-103 Ordering information: This journal article can be ordered from DOI: 10.1080/02692171.2017.1332577 Access Statistics for this article International Review of Applied Economics is currently edited by Professor Malcolm Sawyer More articles in International Review of Applied Economics from Taylor & Francis Journals |
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