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Migrant networks and Italian foreign direct investment: a cliometric perspective

Author

Listed:
  • Marina Murat

    (University of Modena and Reggio Emilia)

  • Barbara Pistoresi

    (University of Modena and Reggio Emilia)

  • Alberto Rinaldi

    (University of Modena and Reggio Emilia)

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. "

Suggested Citation

  • Marina Murat & Barbara Pistoresi & Alberto Rinaldi, 2008. "Migrant networks and Italian foreign direct investment: a cliometric perspective," Working Papers 8032, Economic History Society.
    • Handle: RePEc:ehs:wpaper:8032
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    File URL: http://www.ehs.org.uk/dotAsset/7bb6b0e5-aad5-4909-b83f-56a7324cbbfb.doc
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    Citations

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    Cited by:

    1. Marina Murat & Sara Flisi, 2009. "Immigrant Links, Diasporas and FDI. An Empirical Investigation on Five European Countrie," Center for Economic Research (RECent) 032, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".

    More about this item

    Keywords

    International investment; migrant’s networks; entrepreneurial histories;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

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