Migrant networks and Italian foreign direct investment: a cliometric perspective

Marina Murat, Barbara Pistoresi () and Alberto Rinaldi
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Barbara Pistoresi: University of Modena and Reggio Emilia

No 8032, Working Papers from Economic History Society

Abstract: "Recent economic literature highlights that migrant’s networks help to overcome the informal barriers that exist in the international markets and boost international investment. This paper estimates (OLS-IV) an econometric model to study the impact of both emigration and immigration on Italy’s bilateral foreign direct investment (FDI). The main results are that only Italian emigrants abroad have a significant positive effect on Italy’s both inward and outward FDI and, on the contrary, immigrants are not a significant determinant. A historical profile of Italian diaspora and of immigration in Italy and some exemplary entrepreneurial histories are presented to interpret the econometric evidence. "

Keywords: "International investment; migrant’s networks; entrepreneurial histories" (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 2008-03
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