On the nexus between innovation, productivity and migration of US university graduates. Issue 4 (2nd October 2019)

• Record Type: Journal Article
• Authors: Kazakis, Pantelis
• Is Part Of: Spatial economic analysis. Volume 14:Issue 4(2019)
• Page Start: 465
• Page End: 485
• Publication Date: 2019-10-02
• Subjects: skilled worker migration -- human capital -- innovation -- total factor productivity; J31 -- J61 -- O30 -- R23; Space in economics -- Periodicals; Economic geography -- Periodicals; Space in economics -- Econometric models -- Periodicals; Urbanization -- Periodicals; Espace (Économie politique) -- Périodiques; Économétrie -- Périodiques; Géographie économique -- Périodiques; Économie industrielle -- Périodiques; Économie du travail -- Périodiques; Économie urbaine -- Périodiques; Politique économique -- Périodiques; Relations économiques internationales -- Périodiques; 330.9
• DOI: 10.1080/17421772.2019.1636127
• Languages: English
• ISSNs: 1742-1772

Abstract

ABSTRACT: This paper studies the link between the migration of US university graduates, innovation and productivity. Using migration flows extracted from the SESTAT database and following a simultaneous equation approach, it finds that there is a positive and statistically significant relationship between the migration flows of skilled economic agents and innovation (and productivity). Higher taxation and housing prices act as a decelerating force to migration. The role of science, technology, engineering and mathematics (STEM) graduates, potential investors and entrepreneurial education appear to play a salient role in regional innovation. The results are robust to various implementations, including the use of the instrumental variables approach.