On the nexus between innovation, productivity and migration of US university graduates

Pantelis Kazakis

Spatial Economic Analysis, 2019, vol. 14, issue 4, 465-485

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.

Date: 2019
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DOI: 10.1080/17421772.2019.1636127

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