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enforcement mechanism. This paper investigates the link between the presence of migrants in the United States and U.S. FDI in the … migrants' countries of origin, taking into account the potential endogeneity concerns. The results suggest that U.S. FDI abroad … is positively correlated with the presence of migrants from the host country. The data further indicate that the …
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We study the relationship between international migration and foreign direct investment (FDI), differentiating between the two modes of entry: Greenfield FDI and cross-border mergers and acquisitions (M&A). Each mode may face different formal and informal information barriers, from regulations,...
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Political economy accounts of economic integration strongly emphasize the importance of legal contract enforcement. We challenge extant research by showing that relational contracting, relationship-based contract enforcement, is more efficient for high-risk, human capital-intensive activities...
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