How to Facilitate Immigration into a Nation by Applying Novel Economic Instruments

Abstract

Objectives: The Naturally Optimised Revenue Demand in Communities (NORDIC) model was employed to improve migration by providing a practical method. Authorities, politicians, and others obtained a tool to modify the immigration policy. The launched model considered and promoted the population's general acceptance of immigrants. Methods: The suggested methodology generated artificial shadow costs that were introduced into the public’s accounts to provide financial incentives to improve the integration of migrants in general and refugees. One significant factor that only by one digit expressed how effective the integration policy was over time was the associated shadow cost and its impact on the PSBR. Results: This case study showed how the integration of migrants into the Swedish society could be improved by application of the NORDIC model. The findings suggested a promising approach for using economic tools to improve immigration and enhance the wellbeing of refugees. Conclusions: According to the study’s findings, the adaptable NORDIC model might be applied to enhance the Swedish migrants and quality of life, especially for refugees. Migration authorities and politicians who want a comprehensive tool to redesign migration policy are potential end users. More research should be focused on developing algorithms for specific segments of migrants.