Relationship between intellectual capital and migratory flows: An international study

Domingo Nevado Peña (), José Luis Alfaro Navarro () and Víctor Raúl López Ruiz ()
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Domingo Nevado Peña: Profesor Titular. Departamento de Administración de Empresas. Área de Contabilidad.Universidad de Castilla-La Mancha. C/ Ronda de Toledo s/n, 13.071 Ciudad Real.
José Luis Alfaro Navarro: Profesor Contratado Doctor. Departamento de Economía Política y Hacienda Pública, Estadística Económica y Empresarial y Política Económica. Área de Estadística. Universidad de Castilla-La Mancha. Plaza de la Universidad, 1, 02071 Albacete.
Víctor Raúl López Ruiz: Profesor Contratado Doctor. Departamento de Economía Española e Internacional, Econometría e Historia e Instituciones Económicas. Área de Econometría (Economía Aplicada).Universidad de Castilla-La Mancha. Plaza de la Universidad, 1, 02071 Albacete.

Economía, 2010, vol. 35, issue 29, 37-56

Abstract: In this paper we propose a model to measure the intellectual capital of nations that takes into account aspects not contemplated by the Gross Domestic Product (GDP). It is based on the observation of hidden capital as implicit generators of long term wealth, considering intangible such as human development, foreign image, innovation and social and environmental responsability. In addition, we have applied this model to several countries grouped in clusters according to their efficiency of knowledge capital. This empirical study reveals the importance of immigration in the nation’s wealth measure through intellectual capital. Concretely, countries rich in intangibles receive more migrations and reach even better levels in terms of intellectual capital with the attraction of human capital.

Keywords: Inmigration; knowledge economy; intellectual capital; indicators; wealth. (search for similar items in EconPapers)
JEL-codes: F02 J24 O3 O57 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:35:y:2010:i:29:p:37-56

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