International labor and capital flows: Complements or substitutes?

Maurice Kugler, Hillel Rapoport

Research output: Contribution to journalArticlepeer-review

172 Scopus citations


In a global context, foreign direct investment (FDI) and migration substitute one another in the matching process between workers and firms. Yet, migrants provide information about future investment opportunities in their country of origin. Evidence from U.S. data is consistent with contemporaneous substitutability and dynamic complementarity between migration and FDI.

Original languageEnglish
Pages (from-to)155-162
Number of pages8
JournalEconomics Letters
Issue number2
StatePublished - Feb 2007


  • Business networks
  • FDI
  • Skilled migration


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