Italian Diaspora and Foreign Direct Investment: A Cliometric Perspective

Marina Murat, Barbara Pistoresi and Alberto Rinaldi

Center for Economic Research (RECent) from University of Modena and Reggio E., Dept. of Economics "Marco Biagi"

Abstract: Recent economic literature highlights that migrant networks help to overcome the informal barriers that exist in the international markets and boost international investment. Empirical studies on different countries confirm this prediction. 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 result is that only the Italian diaspora has a significant positive effect on Italy’s both inward and outward FDI. A theoretical framework, a profile of the diaspora and of immigration in Italy and some exemplary entrepreneurial histories help to interpret the econometric evidence.

Keywords: International Investments; Migrant Networks; Entrepreneurial Histories (search for similar items in EconPapers)
JEL-codes: F21 F23 N84 (search for similar items in EconPapers)
Pages: pages 34
Date: 2008-03
New Economics Papers: this item is included in nep-mig
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Citations: View citations in EconPapers (2)

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