Migration and Cross-Border Financial Flows
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....
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Published by Oxford University Press on behalf of the World Bank
2019
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| Online Access: | http://hdl.handle.net/10986/32169 |
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okr-10986-321692021-05-25T10:54:42Z Migration and Cross-Border Financial Flows Kugler, Maurice Levintal, Oren Rapoport, Hillel MIGRATION INTERNATIONAL FINANCIAL FLOWS INTERNATIONAL LOANS GRAVITY MODEL INFORMATION ASSYMETRY SKILLED LABOR 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. 2019-08-05T18:49:31Z 2019-08-05T18:49:31Z 2018-02-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/32169 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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MIGRATION INTERNATIONAL FINANCIAL FLOWS INTERNATIONAL LOANS GRAVITY MODEL INFORMATION ASSYMETRY SKILLED LABOR |
| spellingShingle |
MIGRATION INTERNATIONAL FINANCIAL FLOWS INTERNATIONAL LOANS GRAVITY MODEL INFORMATION ASSYMETRY SKILLED LABOR Kugler, Maurice Levintal, Oren Rapoport, Hillel Migration and Cross-Border Financial Flows |
| description |
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. |
| format |
Journal Article |
| author |
Kugler, Maurice Levintal, Oren Rapoport, Hillel |
| author_facet |
Kugler, Maurice Levintal, Oren Rapoport, Hillel |
| author_sort |
Kugler, Maurice |
| title |
Migration and Cross-Border Financial Flows |
| title_short |
Migration and Cross-Border Financial Flows |
| title_full |
Migration and Cross-Border Financial Flows |
| title_fullStr |
Migration and Cross-Border Financial Flows |
| title_full_unstemmed |
Migration and Cross-Border Financial Flows |
| title_sort |
migration and cross-border financial flows |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2019 |
| url |
http://hdl.handle.net/10986/32169 |
| _version_ |
1764475946520281088 |