Migration and the location of MNE activities: Evidence from Italian provinces

IF 3.2 3区 经济学 Q1 ECONOMICS
Luigi Benfratello, Davide Castellani, Anna D'Ambrosio
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引用次数: 0

Abstract

We investigate the migration-inward foreign direct investment (FDI) nexus in narrow geographies. A novel two-stage empirical strategy allows us to investigate the role of migration as a determinant of multinational enterprises (MNEs) location choices and unpick heterogeneity in foreign investors' preferences towards the presence of migrants in the host location. This allows us to shed light on the relative importance of the underlying mechanisms linking migration and inward FDI. Relying on 1113 greenfield investments by 895 MNEs in Italian NUTS3 regions over 2003–2015, we find that immigrants from the country of origin of the investor exert a positive but highly heterogeneous effect on MNE location choices. Investors are more sensitive to the presence of migrants from their country of origin when they lack experience in the destination country (first-time investors) and when their investments concern market-access or business-services (downstream) activities. This is consistent with the view that migrants act as information brokers that bridge the fixed costs of international business activities.

Abstract Image

移民和跨国公司活动的地点:来自意大利各省的证据
我们在狭窄的地理区域内调查了移民与外国直接投资(FDI)的关系。一种新的两阶段实证策略使我们能够研究移民作为跨国企业(MNEs)区位选择的决定因素的作用,并揭示外国投资者对移民在东道国存在的偏好的异质性。这使我们能够阐明联系移民和外国直接投资流入的基本机制的相对重要性。基于2003-2015年间895家跨国公司在意大利NUTS3地区的1113项绿地投资,我们发现来自投资者原籍国的移民对跨国公司的区位选择产生了积极但高度异质性的影响。如果投资者在目的地国缺乏经验(首次投资者),如果他们的投资涉及市场准入或商业服务(下游)活动,投资者对来自原籍国的移民的存在更为敏感。这与移徙者充当信息掮客的观点是一致的,他们弥补了国际商业活动的固定成本。
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来源期刊
CiteScore
4.90
自引率
6.70%
发文量
54
期刊介绍: The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.
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