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THE IMPACT OF EU IMMIGRATION ON ECONOMIC GROWTH THROUGH THE SKILL COMPOSITION CHANNEL
Technological and Economic Development of Economy ( IF 5.656 ) Pub Date : 2020-02-25 , DOI: 10.3846/tede.2020.11954
Andreea Claudia Șerban 1 , Mirela Ionela Aceleanu 1 , Andrei Silviu Dospinescu 2 , Diana-Mihaela Țîrcă 3 , Isabel Novo-Corti 4
Affiliation  

The paper aims to examine the new trends of immigration and their implications on the economy of the host country, particularly on economic growth and unemployment. As the effects of aging population can be felt in many countries, especially in developed ones, migration will continue to play an increasing role in the economic growth of all countries, either sending or receiving. Given the changes in migration trends and migration policies, the impact of the process should be revised. One of the main characteristics that significantly impacts economic growth is the education and skill level of immigrants. In the light of this fact, the research aims to identify the impact of immigration on growth through the skill composition channel. We analyzed the impact of skilled and unskilled immigration on growth, also including the unemployment rate as a relevant factor for the labour market. We estimated six dynamic panel models using the system of generalised method of moments (GMM) to take into account the risk of an endogeneity bias of the migration variables. The results indicate a positive and significant effect of skilled immigration on the economic growth of the receiving country. The results also point to a 1.3 percent β-convergence rate consistent with the values found in the convergence literature which are around 2 percent.

中文翻译:

欧盟移民通过技能构成渠道对经济增长的影响

本文旨在研究移民的新趋势及其对东道国经济的影响,特别是对经济增长和失业的影响。由于许多国家,特别是发达国家都可以感受到人口老龄化的影响,移民将继续在所有国家的经济增长中发挥越来越大的作用,无论是发送国还是接收国。鉴于移民趋势和移民政策的变化,应修订该过程的影响。显着影响经济增长的主要特征之一是移民的教育和技能水平。鉴于此,本研究旨在通过技能组合渠道确定移民对增长的影响。我们分析了技术移民和非技术移民对增长的影响,还包括失业率作为劳动力市场的相关因素。我们使用广义矩量法 (GMM) 系统估计了六个动态面板模型,以考虑迁移变量的内生性偏差风险。结果表明,技术移民对接收国的经济增长产生了积极而显着的影响。结果还表明 1.3% 的 β 收敛率与收敛文献中发现的值一致,该值约为 2%。结果表明,技术移民对接收国的经济增长产生了积极而显着的影响。结果还表明 1.3% 的 β 收敛率与收敛文献中发现的值一致,该值约为 2%。结果表明,技术移民对接收国的经济增长产生了积极而显着的影响。结果还表明 1.3% 的 β 收敛率与收敛文献中发现的值一致,该值约为 2%。
更新日期:2020-02-25
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