Abstract
The international mobility of highly skilled employees in the last few decades has become an essential part of an economy. Simultaneously innovation and its' components have a large effect on the migration of skilled people. The goal of this paper is finding out if a greater degree of innovation in a country has a positive impact on the arrival of highly skilled immigrants. In order to achieve the aforementioned goal and following existing literature on the subject, an analysis on an international level was made regarding the effect of relevant innovation factors (number of patents; research and development funding (as % of GDP) and number of articles in scientific and technical journals) on immigration of highly skilled employees. The results of a regression analysis confirmed a significant and expressive correlation between the number of patents, articles in scientific and technical journals and number of highly skilled immigrants (HQI). This means that countries with a relatively larger amount of the aforementioned factors have a great incentive that attracts talented people on an international scale, although in order to achieve this there is the need to promote and maintain a favourable institutional, economic and technological environment. DOI: http://dx.doi.org/10.5755/j01.ee.27.4.14396
Highlights
Migration flows are a transcendental phenomenon on an international scale that have been increasing significantly since the year 2000 (Kaczmarczyk & Okolski, 2008)
A larger degree of innovation in a country could encourage the arrival of highly skilled immigrants, which is the general hypothesis developed in this research paper
Based on the content of the literature sources reviewed above, we propose the following hypothesis: Hypothesis No 1: "The number of patent applications in a specific country explains the number of highly skilled immigrants (HSI) received"
Summary
Migration flows are a transcendental phenomenon on an international scale that have been increasing significantly since the year 2000 (Kaczmarczyk & Okolski, 2008). As to that in the year 2011 there were approximately 35 millions of migrants with tertiary education inside OECD countries, which is an increase of 70 % compared to the amount in the year 2000. This growth is due mainly to immigrants from Asia (79 %), Africa (80 %) and Latin America (84 %) (OECD, 2014)
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