Buying in? : The political economy of investor migration in Western Europe

Consterdine, Erica and Hampshire, James (2023) Buying in? : The political economy of investor migration in Western Europe. West European Politics. ISSN 0140-2382

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Abstract

Residence-by-investment schemes, which enable wealthy people to acquire a visa in return for a financial investment, have become increasingly common. In this article, an original immigration policy index and case studies are used to examine the political economy of residence-by-investment policies in three European countries: France, Spain, and the UK. Two contributions are made to the literature. First, the article compares investment with work visas and shows that across all three countries investor routes are significantly more open and generous than work routes, including for the highly skilled. Second, drawing on theories of comparative political economy, it is explored how investor visas are shaped by capitalist diversity. Based on these three cases, it is argued that investor visa policies are conditioned by national-level economic models and the political interests that underpin them. The article aims to advance understanding not only of how investor visas vary, but why they do so.

Item Type:
Journal Article
Journal or Publication Title:
West European Politics
Uncontrolled Keywords:
Research Output Funding/yes_externally_funded
Subjects:
?? immigration policyinvestor visasmigrationpolitical economyresidence-by-investmentyes - externally fundednopolitical science and international relations ??
ID Code:
199804
Deposited By:
Deposited On:
27 Jul 2023 13:25
Refereed?:
Yes
Published?:
Published
Last Modified:
16 Jul 2024 00:00