Immigration, Innovation, and Growth

Stephen Terry, Thomas Chaney, Konrad Burchardi (), Lisa Tarquinio and Tarek Hassan
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Konrad Burchardi: Stockholm University

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Abstract: We propose a novel identification strategy to isolate exogenous immigration shocks across US counties, by interacting quasi-random variations in the composition of ancestry across counties with the contemporaneous inflow of migrants from different countries. We show a positive causal impact of immigration on local innovation and wages at the 5-year horizon. The positive dynamic impact of immigration on innovation and wages dominates the short-run negative impact of increased labor supply. A structural estimation of a model of endogenous growth and migrations suggests the increased immigration to the US since 1965 may have increased innovation and wages by 5%.

Keywords: Migrations; Innovation; Patents; Endogenous growth; Dynamism (search for similar items in EconPapers)
Date: 2024-05
New Economics Papers: this item is included in nep-gro, nep-his, nep-int and nep-ure
Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03869993v2
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Related works:
Working Paper: Immigration, Innovation, and Growth (2024)
Working Paper: Immigration, Innovation, and Growth (2020)
Working Paper: Immigration, Innovation, and Growth (2020)
Working Paper: Immigration, Innovation, and Growth (2020)
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