Investing back home

Talip Kilic, C. Carletto, B. Davis, A. Zezza
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引用次数: 26

Abstract

This study uses data from the 2005 Albania Living Standards Measurement Study survey to assess the impact of past migration experience of Albanian households on non-farm business ownership through instrumental variables regression techniques. Considering the differences in earning potentials and opportunities for skill acquisition in different destination countries, we differentiate the impact of past household migration experience by main migrant destinations. The study also explores the heterogeneity of impact based on the timing of migration. The empirical results indicate that past household migration experience exerts a positive impact on the probability of owning a non-farm business. While one additional year in Greece increases the probability of household business ownership by roughly 6 percent, a similar experience in Italy or farther destinations raises the probability by over 25 percent. Although past household migration experience for the period of 1990-2000 is positively associated with the likelihood of owning a household enterprise, a similar association does not exist for the period of 2001-2004. Copyright (c) 2009 The Authors. Journal compilation (c) 2009 The European Bank for Reconstruction and Development.
回国投资
本研究使用2005年阿尔巴尼亚生活水平测量研究调查的数据,通过工具变量回归技术评估阿尔巴尼亚家庭过去的移民经历对非农业企业所有权的影响。考虑到不同目的地国家在收入潜力和技能获取机会方面的差异,我们区分了主要移民目的地过去家庭迁移经历的影响。该研究还探讨了基于迁移时间的影响的异质性。实证结果表明,过去的家庭迁移经历对拥有非农业企业的概率有正向影响。在希腊多呆一年,拥有家庭企业的可能性就会增加大约6%,而在意大利或更远的地方,类似的经历会使拥有家庭企业的可能性增加25%以上。尽管1990-2000年期间过去的家庭迁移经历与拥有家庭企业的可能性呈正相关,但2001-2004年期间不存在类似的关联。版权所有(c) 2009作者期刊汇编(c) 2009年欧洲复兴开发银行。
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期刊介绍: Economics of Transition publishes high-quality, refereed articles on the economics of structural transformation, institutional development, and growth. It presents innovative theoretical work and econometric analyses of the process of economic reform and its macroeconomic effects. The journal aims to promote new thinking on how institutions and institutional change can be analyzed and measured and how their impact on aggregate economic performance can be evaluated.
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