TY - JOUR
T1 - Refugees and foreign direct investment
T2 - Quasi-experimental evidence from US resettlements
AU - Mayda, Anna Maria
AU - Parsons, Christopher
AU - Pham, Han
AU - Vézina, Pierre Louis
N1 - Publisher Copyright:
© 2022 Elsevier B.V.
PY - 2022/5
Y1 - 2022/5
N2 - We exploit the designs of two separate US refugee dispersal policies to provide causal evidence that refugees foster outward FDI to their countries and regions of origin. Drawing upon aggregated individual-level refugee and project-level FDI data, we show this effect holds in terms of new FDI projects, as well as capital invested and jobs created. Focusing on the specific case of Vietnam, we provide evidence that national domestic reforms amplified the positive FDI-creating effects of the overseas Vietnamese diaspora. Overall, our results highlight a new mechanism through which refugees foster development at their origins.
AB - We exploit the designs of two separate US refugee dispersal policies to provide causal evidence that refugees foster outward FDI to their countries and regions of origin. Drawing upon aggregated individual-level refugee and project-level FDI data, we show this effect holds in terms of new FDI projects, as well as capital invested and jobs created. Focusing on the specific case of Vietnam, we provide evidence that national domestic reforms amplified the positive FDI-creating effects of the overseas Vietnamese diaspora. Overall, our results highlight a new mechanism through which refugees foster development at their origins.
KW - Foreign direct investment
KW - Networks
KW - Refugees
UR - http://www.scopus.com/inward/record.url?scp=85124583535&partnerID=8YFLogxK
U2 - 10.1016/j.jdeveco.2022.102818
DO - 10.1016/j.jdeveco.2022.102818
M3 - Article
AN - SCOPUS:85124583535
SN - 0304-3878
VL - 156
JO - Journal of Development Economics
JF - Journal of Development Economics
M1 - 102818
ER -