The hub continent? Immigrant networks, emigrant diasporas and FDI

This paper studies the effects of immigrant networks on the bilateral FDI of France,Germany, Italy, Spain and the UK, and, for Italy and Spain, also of the emigrant diasporas. It analysesthe effects of skilled and unskilled immigrants and of networks linked to developing and developedcountries. Results show that the FDIs of the UK, Germany and France are affected by the networks ofskilled immigrants, while those of Italy and Spain are prompted only by the emigrant diasporas.Networks linked to OECD and non-OECD countries have similar effects.