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ISBN：9781848446960

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Summary: Publisher Summary 1 This unique book synthesizes and extends the immigrant---trade literature and provides comprehensive coverage of this timely and important topic. In that vein, the author contributes to the understanding of the relationship between immigration and trade and sheds light on a noteworthy aspect of globalization that both confronts policymakers with challenges and offers the potential to overcome them. Roger White documents the pro-trade influences that immigrants have on US imports from, and exports to, their respective home countries. Variations in the immigrant-trade link are addressed, as are the underlying factors that may determine the existence and operability of that link. The findings have direct implications for US immigration policy, suggesting that too few immigrants are currently admitted to the country and that a more liberal immigration policy may enhance social welfare. This book contains valuable economic analyses for undergraduates, postgraduates, researchers, educated laypersons and practitioners who are interested in public policy, international trade and economics, migration studies, international relations and globalization. Publisher Summary 2 White (Franklin and Marshall College, US) examines the influence that immigrants have on trade between the host and home countries. Drawing on the published literature and on his own empirical research, he considers such aspects as the channels through which immigrants affect trade, cultural distance between the US and immigrants' home countries, model construction and data sources, perceived versus real benefits/costs and the influence of risk-aversion preferences, and maximizing the net social benefit of immigration. Annotation 漏2010 Book News, Inc., Portland, OR (booknews.com)

Table Of Contents:
Acknowledgements vi

PART I WHAT IS THE IMMIGRANT-TRADE LINK AND WHY IT MATTERS

1 An overview of the immigrant-trade relationship 3(17)

1.1 Recent periods of international economic integration 4(7)

1.2 Why the immigrant-trade link matters 11(5)

1.3 What we are doing in this book (and how we do it) 16(4)

2 What are the channels through which immigrants affect trade? 20(17)

2.1 Are migration and trade complements or substitutes? 21(8)

2.2 How do immigrants affect trade flows? 29(6)

2.3 What are the welfare implications for the host country? 35(2)

3 Lessons from prior studies of the immigrant-trade link 37(26)

3.1 Identification of the immigrant-trade relationship 37(9)

3.2 Variation in the immigrant-trade relationship across product classifications 46(1)

3.3 The influences of immigrant characteristics and attributes 47(3)

3.4 Why host country immigration policies matter 50(3)

3.5 How home country characteristics affect the immigrant-trade relationship 53(3)

3.6 Cultural differences and the influences of immigrants on host-home country trade 56(1)

3.7 Estimated per-immigrant effects 57(6)

PART II WHAT FACTORS MAY UNDERLIE THE US IMMIGRANT-TRADE LINK

4 A brief review of US immigration history 63(15)

4.1 Wave I: 1565-1802 64(2)

4.2 Wave II: 1803-68 66(2)

4.3 Wave III: 1869-1917 68(2)

4.4 Wave IV: 1918-68 70(3)

4.5 Wave V: 1969 - present 73(5)

5 Primacy, recency and the US immigrant-trade relationship 78(11)

5.1 The demographic consequences of US immigration policy 79(9)

5.2 Appendix 5.A: Country listing 88(1)

6 The importance of trade-facilitating infrastructure 89(13)

6.1 What is trade-facilitating infrastructure? 90(1)

6.2 Does the level and quality of infrastructure vary across home country cohorts? 91(11)

7 Cultural distance between the US and immigrants' home countries 102(15)

7.1 Studies involving cultural distance, immigrants and trade 103(2)

7.2 Measuring US-home country cultural differences 105(5)

7.3 Calculating US-home country cultural distances 110(7)

PART III EXAMINING THE US IMMIGRANT-TRADE LINK

8 Empirical specification, variable construction and data sources 117(20)

8.1 Baseline specification: the augmented gravity model 117(3)

8.2 Variable construction and data sources 120(5)

8.3 Descriptive statistics 125(12)

9 Verification of the immigrant-trade link 137(17)

9.1 The influence of immigrants on US-home country trade 137(7)

9.2 Immigrants' characteristics and the immigrant-trade link 144(4)

9.3 Immigrants and the effects of cultural distance 148(6)

10 Variation in the immigrant-trade link 154(23)

10.1 Pre-1968 and post-1968 home country cohorts 154(8)

10.2 Disaggregated trade data: trade-intensification and trade-initiation 162(10)

10.3 Appendix 10.A: Core and related cultural goods classifications 172(2)

10.4 Appendix 10.B: Country listing 174(3)

PART IV IMPLICATIONS AND OPPORTUNITIES

11 Lessons for US immigration policy 177(24)

11.1 Perceived vs. real benefits/costs and the influence of risk-averse preferences 179(4)

11.2 Revisiting the immigrant-trade link hypotheses 183(8)

11.3 Maximizing the net social benefit of immigration 191(3)

11.4 Identifying and engineering opportunities for welfare-enhancement 194(7)

12 Summing-up: concluding thoughts and (yet) unanswered questions 201(6)
References 207(12)
Index 219

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