We explore how inward Foreign Direct Investment (FDI) influences migrant remittances in forty-six emerging economies. We develop and test new theory that not only explains the mechanisms underlying the above relationship, but also helps us understand how entrepreneurial migrants and investments made by multinational enterprises serve as foundations and determinants of remittances in recipient countries. The empirical evidence supports our hypotheses that inward FDI increases remittances, and that the relationship is positively mediated by new firm creation and negatively moderated by institutional infrastructure in recipient countries (namely, governance and corruption). Policy implications and avenues for new research are discussed.

我们探索外国直接投资（FDI）如何影响46个新兴经济体的移民汇款。我们开发并测试了新的理论，该理论不仅解释了上述关系的根本机制，而且还帮助我们理解了企业家移民和跨国企业进行的投资如何成为接受国汇款的基础和决定因素。经验证据支持我们的假设，即外商直接投资增加了汇款，并且这种关系是由新公司的创立积极地介导的，而受援国的体制基础设施（即，治理和腐败）的负面影响是消极的。讨论了新研究的政策含义和途径。