Abstract
The intellectual capital is a catalysator of the country’s economic growth. The developed countries try to develop attractive conditions for highly qualified migrants to diffuse the knowledge and innovations. The authors provided the bibliometric analysis of the papers, which focused on the analysis of the migrant issues was done. For the bibliometric analysis, the metadata of 2 500 papers was selected from Scopus. The results showed that the numbers of Scopus documents on the allocated theme have increased for 2015 year. The most powerful investigations were provided by scientists from the USA, Canada, France, United Kingdom. The bibliometric analysis findings confirmed that the scientists allocated a vast range of the determinants that could stimulate or restrict the migrants in the country. Thus, the governance efficiency had the mediation role between the migration and innovation development of the country. In this case, the paper aims to check the hypothesis that the increasing (decreasing) level of country innovation development and government efficiency from year t − 1 to year t positively (negatively) affects net migration in year t + 1. The panel data for 2011-2018 was generated from IndexMundi, EU Data Portal, WorldBank. The object of the investigation was Bulgaria, Croatia, Lithuania, Latvia, Poland, Romania. The dependent variables – net migration rate, the independent variables – World Government Indicators: Control of Corruption, Government Effectiveness, Political Stability, Rule of Law, Regulatory Quality, Voice and Accountability (for assessment of government efficiency), Innovation Index (for assessment of country's innovation development). In the paper, to check the hypothesis, the authors used the Fully Modified Ordinary Least Square for homogeneous and heterogeneous models. The findings confirmed that innovation development and governance efficiency (Political Stability and Absence of Violence/Terrorism, Regulatory Quality, Voice and Accountability) had a statistically significant impact on the migration rate. The findings could be used to identify the strategic goals of innovation development to overcome the demographic issues and support the migration of the high qualified workforces.
Highlights
Human recourses and intellectual capital are the core determinants of a country's development
The findings showed that the USA's scientists published the most share of the papers that focused on the investigation's issues on the linking between migration and innovation development
The 1% growth of innovation development provoked the positive growth of indicator Mig by 6,33% in the homogeneous model and by 5,41% in the heterogeneous model
Summary
Human recourses and intellectual capital are the core determinants of a country's development.
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