Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335218 
Year of Publication: 
2019
Citation: 
[Journal:] Entrepreneurial Business and Economics Review (EBER) [ISSN:] 2353-8821 [Volume:] 7 [Issue:] 3 [Year:] 2019 [Pages:] 143-160
Publisher: 
Krakow University of Economics, Centre for Strategic and International Entrepreneurship, Krakow
Abstract: 
Objective: The study seeks to analyse the interaction of foreign direct investment, emigration, and immigration before and after the great economic recession. Research Design & Methods: We used the Linear Mixed Model (LMM) to analyse interaction of foreign direct in-vestment (FDI), emigration, and immigration for 112 countries with which Spain has closely interconnected migratory and investment chains, and we focused on the analy-sis of both the pre-crisis 1998-2007 and post-crisis 2008-2016 periods. Findings: The results show that the higher number of immigrants in Spain is related to an overall higher Spanish FDI flows toward the immigrants’ origin countries. This relation between migration and FDI might be sustained in the long run as opposed to what was often raised in classical approaches. In fact, migration and FDI act like two sides of the same coin. Implications & Recommendations: Based on our results, we propose more proactive migration policies that support inte-gration in host countries, migrants’ return to home countries, and also trade agree-ments as an instrument that endorses selective FDI flow to more productive and criti-cal sectors in home countries. Moreover, our results show that lower FDI is usually associated with a higher volume of emigration from Spain. Contribution & Value Added: In a sense, FDI and migration may be considered a risk aversion strategy.
Subjects: 
emigration
immigration
foreign direct investment
linear mixed model
JEL: 
F22
F21
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nd Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.