Migration and Cross-Border Financial Flows

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Tác giả: Maurice Kugler

Ngôn ngữ: eng

Ký hiệu phân loại: 591.56 t Behavior relating to life cycle

Thông tin xuất bản: Published by Oxford University Press on behalf of the World Bank, 2019

Mô tả vật lý:

Bộ sưu tập: Tài liệu truy cập mở

ID: 323948

Migration facilitates the flow of information between countries, thereby reducing informational frictions that potentially hamper cross-country financial flows. Using a gravity model, migration is found to be highly correlated with financial flows from the migrant's host country to her home country. The correlation is strongest where information problems are more acute (e.g., between culturally more distant countries), for asset types that are more informational sensitive, and for the type of migrants that are most able to enhance the flow of information on their home countries, namely, skilled migrants. These differential effects are interpreted as evidence for the role of migration in reducing information frictions between countries.
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