The answer to the following question summarizes the research presented in this manuscript: “Are Romanian immigrants in the EU countries enhancing the foreign direct investment (FDI) inflows towards Romania?”, and as a consequence it makes the results of the paper a useful tool for all Romanian authorities dealing with one of the two topics: migration and foreign investments. To our knowledge, the paper provides the initial evidence supporting the hypothesis that Romanian immigrants in the EU countries can be regarded as “ambassadors” of the Romanian economy in attracting FDI (to Romania) from their adoption countries. The methodological approach relies on econometric modelling which reveals a positive and statistically significant relationship between the stock of immigrants and the number of FDI firms located in Romania and sourced from 15 EU economies, when controlling for several variables. The results could be useful both for companies and for Romanian policymakers that should target as source for potential foreign capital the economies which attract important flows of Romanian immigrants.
Al-Sadig, A. (2009), ‘The effects of corruption on FDI inflows’, 2009, The Cato Journal, Vol. 29, 267.
Andren, D. and Roman, M. (2016), ‘Should I stay or should I go? Romanian migrants during transition and enlargements.’ In Migration and the Great Recession: Adjustments in the Labour Market of an Enlarged European Community, edited by Kahanec, Martin, and Klaus F. Zimmermann, pp. 247-269. Berlin: Springer Verlag.
Anghel, R. G., Botezat, A., Coșciug, A., Manafi, I., and Roman, M. (2016), International Migration, Return Migration, and their Effects: A Comprehensive Review on the Romanian Case. IZA Discussion Paper No. 10445.
Asiedu, E. (2002), ‘On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different?’, World Development, Vol. 30, pp. 107-119.
Asiedu, E. (2006), ‘Foreign direct investment in Africa: The role of natural resources, market size, government policy, institutions and political instability’, World Economy, Vol. 29, No. 1, pp. 63-77.
Khadaroo, J. & Seetanah, B. (2009), ‘The Role of Transport Infrastructure in FDI: Evidence from Africa using GMM Estimates’, Journal of Transport Economics and Policy (JTEP), Vol. 43, pp. 365-365.
Kugler, M. and Rapoport, H. (2007), ‘International Labor and Capital Flows: Complements or Substitutes?’, Economics Letters, Vol. 92, No. 2, pp. 155-162.
Mohamed, S.E; Sidiropoulos, M.G. (2010), ‘Another look at the determinants of foreign direct investment in MENA countries: an empirical investigation’, Journal of Economic Development, Vol. 35, No. 2, pp. 75-95.
Navaretti, G. B., De Simone, G., & Sembenelli, A. (2007), ‘Migration and Foreign Direct Investment A review of the literature’, Migrazione e mobilità di impresa: determinanti e ricadute sul territorio, research project, carried out by Centro Studi Luca d’Agliano within the framework of the Fondazione CRT/Progetto Alfieri project, May.
Narula, R. & Dunning, J. H. (2000), ‘Industrial Development, Globalization and Multinational Enterprises: New Realities for Developing Countries’, Oxford Development Studies, Vol. 28, pp. 141-167.
Nikolova, M., Roman, M., & Zimmermann, K. F. (2017), ‘Left behind but doing good? Civic engagement in two post-socialist countries’, Journal of Comparative Economics, Vol. 45, No. 3, pp. 658-684.
Roman M. D., Jaba E, Roman M. (2009), ‘Economic development and political cycles in Romania’ in7th WSEAS International Conference on Environment, Ecosystems and Development, Dec 14, pp. 190-195.
Roman, M. (2013), ‘Financial effects of the international migration in Europe: Modelling the decision to remit’, Panoeconomicus, Vol. 60, No. 4, pp. 541-555.
Schneider F., Frey B. S. (1985), ‘Economic and political determinants of foreign direct investment’, World Development, Vol. 13, No. 2, pp. 161-175.
Tong, S. Y. (2005), ‘Ethnic Networks in FDI and the Impact of Institutional Development’, Review of Development Economics, Vol. 9, No. 4, pp. 563-580.
Vijayakumar, N. P., Sridharan, P., Rao, K.C.S. (2010), ‘Determinants of FDI in BRICS countries: A panel analysis’, International Journal of Business Science and Applied Management, Vol. 5, No. 3, pp. 1-13.
Wheeler, D., Mody, A. (1992), ‘International investment location decisions’, Journal of International Economics, Vol. 33, pp. 57-76.
Xu, X., & Sylwester, K. (2016), The effects of foreign direct investment on emigration: The roles of FDI source country, education, and gender. Economic Modelling, Vol. 55, pp. 401-409.