Entrepreneurial migration in an integrated world

Bougheas, Spiros; Falvey, Rod

Abstract

A growing number of developed countries are offering entrepreneurial visas as a means of attracting entrepreneurial talent and capital. In this paper we use a simple two sector model of international trade with heterogeneous agents and financial frictions to show that entrepreneurial migration can contribute to the international efficiency of production, even when capital also flows internationally through borrowing and lending and foreign direct investment. In our model all cross-border transactions are motivated by cross-country variations in the quality of financial institutions.

Citation

Bougheas, S., & Falvey, R. (2018). Entrepreneurial migration in an integrated world. Scandinavian Journal of Economics, 120(4), 1171-1201. https://doi.org/10.1111/sjoe.12249

• Journal Article Type: Article
• Acceptance Date: Nov 16, 2016
• Online Publication Date: Apr 12, 2017
• Publication Date: 2018-10
• Deposit Date: Nov 16, 2016
• Publicly Available Date: Apr 13, 2019
• Journal: Scandinavian Journal of Economics
• Print ISSN: 0347-0520
• Electronic ISSN: 1467-9442
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 120
• Issue: 4
• Pages: 1171-1201
• DOI: https://doi.org/10.1111/sjoe.12249
• Keywords: Entrepreneurial Migration; Economic Integration; Institutions; Financial Frictions
• Public URL: https://nottingham-repository.worktribe.com/output/855409
• Publisher URL: http://onlinelibrary.wiley.com/doi/10.1111/sjoe.12249/full
• Additional Information: This is the peer reviewed version of the following article, which has been published in final form at https://onlinelibrary.wiley.com/doi/abs/10.1111/sjoe.12249 . This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
• Contract Date: Nov 16, 2016