Immigration, Innovation, and Growth
| Autor: | Terry, Stephen, Chaney, Thomas, Burchardi, Konrad, Tarquinio, Lisa, Hassan, Tarek |
|---|---|
| Přispěvatelé: | Boston University [Boston] (BU), National Bureau of Economic Research [New York] (NBER), The National Bureau of Economic Research (NBER), University of Southern California (USC), Département d'économie (Sciences Po) (ECON), Sciences Po (Sciences Po)-Centre National de la Recherche Scientifique (CNRS), Center for Economic Policy Research (CEPR), CEPR, Stockholm University, University of Western Ontario (UWO), European Project: ERC grant n°337272,FiNet |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Migrations
Dynamism JEL: O - Economic Development Innovation Technological Change and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O31 - Innovation and Invention: Processes and Incentives Innovation [SHS.ECO]Humanities and Social Sciences/Economics and Finance JEL: O - Economic Development Innovation Technological Change and Growth/O.O4 - Economic Growth and Aggregate Productivity/O.O4.O40 - General Patents Endogenous growth JEL: J - Labor and Demographic Economics/J.J6 - Mobility Unemployment Vacancies and Immigrant Workers/J.J6.J61 - Geographic Labor Mobility • Immigrant Workers |
| Popis: | Updated version of NBER WP No. 27075 and CEPR DP No. 14719.; We show a causal impact of immigration on innovation and growth in US counties. To identify the causal impact of immigration, we use 130 years of detailed data on migrations from foreign countries to US counties to isolate quasi-random variation in the ancestry composition of US counties; interacting this plausibly exogenous variation in ancestry composition with the recent inflows of migrants from different origins, we predict the total number of migrants flowing into each US county in recent decades. We show immigration has a positive causal impact on innovation, measured as patenting of local firms, and on economic growth, measured as real income growth for native workers. We interpret those results through the lens of a quantitative model of endogenous growth and migrations. A structural estimation of this model targeting the well identified causal impact of migration on innovation suggests the large inflow of foreign migrants into the US since 1965 may have contributed to an additional 8% growth in innovation and 5% growth in wages. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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